CENTRAL TRUST Co Reduces Holdings in Cisco Systems, Inc. (CSCO)

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CENTRAL TRUST Co lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,651 shares of the network equipment provider’s stock after selling 2,561 shares during the period. CENTRAL TRUST Co’s holdings in Cisco Systems were worth $5,921,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CSCO. LFA Lugano Financial Advisors SA raised its stake in Cisco Systems by 220,000.0% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock valued at $107,000 after purchasing an additional 2,200 shares during the period. Camarda Financial Advisors LLC raised its stake in Cisco Systems by 546.3% during the 3rd quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock valued at $126,000 after purchasing an additional 2,185 shares during the period. Shamrock Asset Management LLC raised its stake in Cisco Systems by 3,623.0% during the 3rd quarter. Shamrock Asset Management LLC now owns 3,723 shares of the network equipment provider’s stock valued at $181,000 after purchasing an additional 3,623 shares during the period. McAdam LLC raised its stake in Cisco Systems by 1,374.4% during the 3rd quarter. McAdam LLC now owns 3,863 shares of the network equipment provider’s stock valued at $189,000 after purchasing an additional 3,601 shares during the period. Finally, Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in Cisco Systems during the 3rd quarter valued at $200,000. 67.99% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CSCO opened at $53.94 on Friday. The firm has a market capitalization of $256.82 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. Cisco Systems, Inc. has a 1 year low of $40.19 and a 1 year high of $54.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.80 and a quick ratio of 1.74.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 13th. The network equipment provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. The firm 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 for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 2.74 EPS for the current year.

Cisco Systems announced that its board has initiated a share buyback 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 purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors 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 is a boost from Cisco Systems’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.60%. Cisco Systems’s dividend payout ratio is currently 56.41%.

In other Cisco Systems news, Director Roderick C. Mcgeary sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $49.66, for a total transaction of $744,900.00. Following the completion of the sale, the director now directly owns 102,898 shares in the company, valued at $5,109,914.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Goeckeler sold 30,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $52.07, for a total transaction of $1,562,100.00. Following the sale, the executive vice president now owns 419,439 shares of the company’s stock, valued at $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 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on CSCO. KeyCorp upped their price target on shares of Cisco Systems from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, February 14th. Bank of America reaffirmed a “buy” rating and issued a $56.00 price target on shares of Cisco Systems in a research note on Thursday, February 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $53.00 price target on shares of Cisco Systems in a research note on Tuesday, February 12th. Nomura downgraded shares of Cisco Systems from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Friday, December 14th. Finally, Jefferies Financial Group upped their price target on shares of Cisco Systems to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. 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 company. Cisco Systems currently has an average rating of “Buy” and an average target price of $53.36.

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Cisco Systems Company 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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