F&V Capital Management LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,650 shares of the network equipment provider’s stock after buying an additional 6,545 shares during the period. Cisco Systems comprises approximately 3.2% of F&V Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. F&V Capital Management LLC’s holdings in Cisco Systems were worth $5,930,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eagle Capital Management LLC increased its position in Cisco Systems by 1.2% during the 2nd quarter. Eagle Capital Management LLC now owns 53,827 shares of the network equipment provider’s stock worth $2,946,000 after purchasing an additional 612 shares during the period. Smith Asset Management Group LP increased its position in Cisco Systems by 486,558.8% during the 2nd quarter. Smith Asset Management Group LP now owns 330,928 shares of the network equipment provider’s stock worth $18,112,000 after purchasing an additional 330,860 shares during the period. Arjuna Capital increased its position in Cisco Systems by 1.8% during the 2nd quarter. Arjuna Capital now owns 81,513 shares of the network equipment provider’s stock worth $4,461,000 after purchasing an additional 1,435 shares during the period. Keudell Morrison Wealth Management increased its position in Cisco Systems by 70.2% during the 2nd quarter. Keudell Morrison Wealth Management now owns 38,279 shares of the network equipment provider’s stock worth $2,095,000 after purchasing an additional 15,784 shares during the period. Finally, Cohen & Steers Inc. increased its position in Cisco Systems by 2,967.3% during the 2nd quarter. Cohen & Steers Inc. now owns 104,319 shares of the network equipment provider’s stock worth $5,709,000 after purchasing an additional 100,918 shares during the period. 72.55% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Charles Robbins sold 12,597 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $44.81, for a total transaction of $564,471.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Irving Tan sold 10,733 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $44.81, for a total value of $480,945.73. Following the sale, the executive vice president now directly owns 172,199 shares in the company, valued at approximately $7,716,237.19. The disclosure for this sale can be found here. Insiders have sold a total of 388,864 shares of company stock worth $17,474,321 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Shares of NASDAQ:CSCO opened at $48.01 on Thursday. The business’s 50 day simple moving average is $46.45 and its 200-day simple moving average is $49.14. The firm has a market capitalization of $202.74 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.64. Cisco Systems, Inc. has a 12 month low of $43.40 and a 12 month high of $58.26.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 13th. The network equipment provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The business had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. Cisco Systems had a return on equity of 35.01% and a net margin of 21.15%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 2.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

Several research firms have issued reports on CSCO. Credit Suisse Group set a $46.00 target price on Cisco Systems and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Piper Jaffray Companies cut Cisco Systems from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $51.00 in a research report on Monday, November 11th. Robert W. Baird reiterated a “buy” rating and set a $54.00 target price on shares of Cisco Systems in a research report on Monday, November 11th. Goldman Sachs Group set a $48.00 target price on Cisco Systems and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, UBS Group reiterated a “buy” rating and set a $54.00 target price (down previously from $58.00) on shares of Cisco Systems in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.69.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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