Cisco Systems, Inc. (CSCO) Stake Raised by Arlington Partners LLC

Arlington Partners LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,828 shares of the network equipment provider’s stock after acquiring an additional 545 shares during the period. Cisco Systems makes up about 0.7% of Arlington Partners LLC’s investment portfolio, making the stock its 27th biggest position. Arlington Partners LLC’s holdings in Cisco Systems were worth $1,076,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Cisco Systems by 193,168.7% in the third quarter. Bank of New York Mellon Corp now owns 104,741,949 shares of the network equipment provider’s stock valued at $5,095,693,000 after buying an additional 104,687,754 shares in the last quarter. Morgan Stanley lifted its position in shares of Cisco Systems by 15.9% in the second quarter. Morgan Stanley now owns 50,957,358 shares of the network equipment provider’s stock worth $2,192,694,000 after purchasing an additional 7,009,359 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Cisco Systems by 1.7% in the third quarter. TIAA CREF Investment Management LLC now owns 33,285,440 shares of the network equipment provider’s stock worth $1,619,337,000 after purchasing an additional 558,313 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Cisco Systems by 1.0% in the third quarter. Loomis Sayles & Co. L P now owns 23,312,087 shares of the network equipment provider’s stock worth $1,134,133,000 after purchasing an additional 230,344 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Cisco Systems by 11.9% in the third quarter. Fisher Asset Management LLC now owns 20,099,819 shares of the network equipment provider’s stock worth $977,856,000 after purchasing an additional 2,129,952 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

CSCO has been the topic of a number of research reports. KeyCorp boosted their price objective on shares of Cisco Systems from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, February 14th. Bank of America reissued a “buy” rating and issued a $56.00 price objective on shares of Cisco Systems in a research report on Thursday, February 14th. Robert W. Baird reissued a “buy” rating and issued a $53.00 price objective on shares of Cisco Systems in a research report on Tuesday, February 12th. Jefferies Financial Group boosted their target price on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Finally, Citigroup boosted their target price on shares of Cisco Systems from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $53.49.

CSCO traded up $0.27 on Monday, hitting $56.56. 10,911,751 shares of the stock were exchanged, compared to its average volume of 20,455,320. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $56.61. The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $267.85 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 2.89 and a beta of 1.22.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The business had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.43 billion. Cisco Systems had a net margin of 25.31% and a return on equity of 27.58%. Cisco Systems’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. Sell-side analysts anticipate that Cisco Systems, Inc. will post 2.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.33. Cisco Systems’s dividend payout ratio is 59.83%.

Cisco Systems announced that its board has authorized a share repurchase plan on Wednesday, February 13th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the network equipment provider to reacquire up to 6.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other news, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $51.70, for a total value of $3,619,000.00. Following the completion of the transaction, the chief financial officer now owns 420,696 shares of the company’s stock, valued at $21,749,983.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Goeckeler sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total value of $1,562,100.00. Following the completion of the transaction, the executive vice president now directly owns 419,439 shares of the company’s stock, valued at approximately $21,840,188.73. The disclosure for this sale can be found here. Insiders sold 115,000 shares of company stock valued at $5,926,000 in the last three months. Company insiders own 0.03% of the company’s stock.

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Cisco Systems Profile

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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