Qube Research & Technologies Ltd Lowers Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Share on StockTwits

Qube Research & Technologies Ltd reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 43.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,645 shares of the network equipment provider’s stock after selling 28,502 shares during the period. Qube Research & Technologies Ltd’s holdings in Cisco Systems were worth $2,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Great Valley Advisor Group Inc. raised its stake in Cisco Systems by 87.1% in the second quarter. Great Valley Advisor Group Inc. now owns 53,601 shares of the network equipment provider’s stock valued at $2,935,000 after buying an additional 24,948 shares in the last quarter. Stevens Capital Management LP increased its position in shares of Cisco Systems by 39.1% during the second quarter. Stevens Capital Management LP now owns 555,338 shares of the network equipment provider’s stock worth $30,394,000 after purchasing an additional 156,143 shares in the last quarter. UMB Bank N A MO increased its position in shares of Cisco Systems by 104.5% during the second quarter. UMB Bank N A MO now owns 362,875 shares of the network equipment provider’s stock worth $19,860,000 after purchasing an additional 185,451 shares in the last quarter. Geneva Partners LLC increased its position in shares of Cisco Systems by 26.3% during the second quarter. Geneva Partners LLC now owns 21,039 shares of the network equipment provider’s stock worth $1,151,000 after purchasing an additional 4,386 shares in the last quarter. Finally, Atlas Brown Inc. increased its position in shares of Cisco Systems by 6.8% during the second quarter. Atlas Brown Inc. now owns 16,157 shares of the network equipment provider’s stock worth $884,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

In other Cisco Systems news, EVP Mark D. Chandler sold 546 shares of Cisco Systems stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.92, for a total value of $26,164.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Wesley G. Bush acquired 10,000 shares of the stock in a transaction on Friday, June 7th. The stock was acquired at an average cost of $55.74 per share, for a total transaction of $557,400.00. Following the acquisition, the director now directly owns 3,017 shares in the company, valued at approximately $168,167.58. The disclosure for this purchase can be found here. Insiders sold a total of 91,925 shares of company stock worth $4,976,706 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Shares of CSCO opened at $47.91 on Friday. Cisco Systems, Inc. has a twelve month low of $40.25 and a twelve month high of $58.26. The stock’s 50 day moving average is $54.34 and its two-hundred day moving average is $53.77. The firm has a market capitalization of $205.18 billion, a PE ratio of 16.81, a P/E/G ratio of 2.23 and a beta of 1.18. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company had revenue of $13.43 billion for the quarter, compared to analyst estimates of $13.39 billion. During the same quarter in the previous year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, July 3rd. Cisco Systems’s dividend payout ratio is presently 49.12%.

A number of analysts have recently commented on the company. Morgan Stanley cut their target price on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. Credit Suisse Group cut their target price on Cisco Systems from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. MKM Partners cut their target price on Cisco Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Jefferies Financial Group lifted their target price on Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call. Finally, Oppenheimer lifted their target price on Cisco Systems from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $56.59.

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.

Further Reading: Trade War

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Investment Analysts’ Updated EPS Estimates for September, 17th
Investment Analysts’ Updated EPS Estimates for September, 17th
Herzfeld Caribbean Basin Fund, Inc.  to Issue — Dividend of $0.28
Herzfeld Caribbean Basin Fund, Inc. to Issue — Dividend of $0.28
Analysts Anticipate J & J Snack Foods Corp  Will Post Earnings of $1.43 Per Share
Analysts Anticipate J & J Snack Foods Corp Will Post Earnings of $1.43 Per Share
Synopsys, Inc.  Expected to Announce Earnings of $0.73 Per Share
Synopsys, Inc. Expected to Announce Earnings of $0.73 Per Share
Tyson Foods, Inc.  Expected to Announce Earnings of $1.22 Per Share
Tyson Foods, Inc. Expected to Announce Earnings of $1.22 Per Share
Dorman Products Inc.  Expected to Announce Earnings of $0.89 Per Share
Dorman Products Inc. Expected to Announce Earnings of $0.89 Per Share


© 2006-2019 Ticker Report