Dimensional Fund Advisors LP Has $1.97 Billion Stock Holdings in Cisco Systems, Inc. $CSCO

Dimensional Fund Advisors LP raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,831,933 shares of the network equipment provider’s stock after buying an additional 279,810 shares during the quarter. Cisco Systems accounts for 0.4% of Dimensional Fund Advisors LP’s portfolio, making the stock its 21st largest position. Dimensional Fund Advisors LP owned about 0.73% of Cisco Systems worth $1,972,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Montag A & Associates Inc. grew its holdings in shares of Cisco Systems by 0.5% during the third quarter. Montag A & Associates Inc. now owns 129,061 shares of the network equipment provider’s stock valued at $8,830,000 after buying an additional 594 shares in the last quarter. Laffer Tengler Investments Inc. boosted its position in Cisco Systems by 34.9% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 101,170 shares of the network equipment provider’s stock worth $6,922,000 after acquiring an additional 26,190 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Cisco Systems by 4.0% in the 3rd quarter. Insigneo Advisory Services LLC now owns 22,903 shares of the network equipment provider’s stock valued at $1,567,000 after purchasing an additional 871 shares during the period. Great Lakes Retirement Inc. lifted its position in shares of Cisco Systems by 4.4% in the third quarter. Great Lakes Retirement Inc. now owns 24,765 shares of the network equipment provider’s stock worth $1,694,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Evernest Financial Advisors LLC boosted its holdings in shares of Cisco Systems by 1.2% during the third quarter. Evernest Financial Advisors LLC now owns 16,961 shares of the network equipment provider’s stock worth $1,160,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, insider Jeetendra I. Patel sold 11,248 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total transaction of $854,848.00. Following the transaction, the insider owned 262,776 shares of the company’s stock, valued at approximately $19,970,976. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael D. Capellas sold 10,850 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $77.13, for a total transaction of $836,860.50. Following the transaction, the director owned 146,368 shares of the company’s stock, valued at approximately $11,289,363.84. The trade was a 6.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 75,677 shares of company stock worth $5,811,211. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of a number of research reports. UBS Group lifted their target price on shares of Cisco Systems from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Evercore raised Cisco Systems from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $80.00 to $100.00 in a research note on Monday, January 26th. Morgan Stanley boosted their price target on Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Finally, Bank of America increased their price objective on Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.55.

Cisco Systems Trading Down 0.6%

NASDAQ:CSCO opened at $78.96 on Wednesday. The company’s 50 day moving average is $77.86 and its 200-day moving average is $73.91. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $88.18. The firm has a market cap of $311.88 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 3.00 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. Cisco Systems’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio is currently 57.54%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.