Northern Capital Management LLC Increases Stake in Cisco Systems, Inc. (CSCO)

Northern Capital Management LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 89.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,025 shares of the network equipment provider’s stock after purchasing an additional 19,875 shares during the quarter. Northern Capital Management LLC’s holdings in Cisco Systems were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Barnett & Company Inc. increased its position in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after acquiring an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its position in Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after acquiring an additional 878 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Cisco Systems in the 2nd quarter valued at approximately $104,000. Grove Bank & Trust increased its position in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 2,120 shares during the period. Finally, Manchester Capital Management LLC increased its position in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 75.55% of the company’s stock.

Several analysts recently commented on CSCO shares. KeyCorp restated a “buy” rating on shares of Cisco Systems in a research report on Friday, September 8th. Robert W. Baird restated a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a research report on Monday, September 11th. Vetr cut Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price target on the stock. in a research report on Wednesday, September 13th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, September 19th. Finally, Oppenheimer reiterated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems presently has an average rating of “Buy” and an average target price of $37.35.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $38.99 on Friday. The firm has a market capitalization of $193,641.67, a price-to-earnings ratio of 20.20, a PEG ratio of 3.54 and a beta of 1.20. 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, Inc. has a one year low of $29.80 and a one year high of $39.54.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. research analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares of the company’s stock, valued at $26,014,864. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the sale, the chief accounting officer now directly owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 348,643 shares of company stock valued at $12,892,271. Corporate insiders own 0.05% of the company’s stock.

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About Cisco Systems

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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