Great West Life Assurance Co. Can grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,872,670 shares of the network equipment provider’s stock after buying an additional 19,908 shares during the quarter. Cisco Systems makes up approximately 0.8% of Great West Life Assurance Co. Can’s portfolio, making the stock its 20th largest position. Great West Life Assurance Co. Can’s holdings in Cisco Systems were worth $329,157,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Opes Advisors Inc grew its holdings in shares of Cisco Systems by 0.6% during the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after purchasing an additional 44 shares in the last quarter. Leisure Capital Management grew its holdings in shares of Cisco Systems by 0.6% during the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after purchasing an additional 48 shares in the last quarter. Ronald Blue & Co. LLC grew its holdings in shares of Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares in the last quarter. GM Advisory Group Inc. grew its holdings in shares of Cisco Systems by 0.3% during the 2nd quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after purchasing an additional 61 shares in the last quarter. Finally, Telemus Capital LLC grew its holdings in shares of Cisco Systems by 0.6% during the 2nd quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock worth $383,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 75.64% of the company’s stock.

In other news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the sale, the insider now directly owns 712,736 shares of the company’s stock, valued at $26,014,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares of the company’s stock, valued at $9,892,227.92. The disclosure for this sale can be found here. Insiders have sold 348,643 shares of company stock worth $12,892,271 over the last three months. Insiders own 0.05% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $39.53 on Friday. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $42.98. The company has a market capitalization of $195,421.38, a PE ratio of 20.48, a PEG ratio of 3.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

Several analysts have recently issued reports on the company. Piper Jaffray Companies reissued an “overweight” rating and set a $44.00 target price on shares of Cisco Systems in a report on Wednesday, January 10th. Vetr raised Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price objective on the stock in a research note on Monday. Berenberg Bank reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Cisco Systems in a research note on Tuesday, October 24th. Citigroup reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Thursday, November 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research note on Monday, October 23rd. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.54.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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