Cisco Systems, Inc. (CSCO) Holdings Trimmed by Chicago Equity Partners LLC

Chicago Equity Partners LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 28.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 585,720 shares of the network equipment provider’s stock after selling 235,360 shares during the quarter. Cisco Systems makes up approximately 0.6% of Chicago Equity Partners LLC’s holdings, making the stock its 23rd biggest position. Chicago Equity Partners LLC’s holdings in Cisco Systems were worth $19,698,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CSCO. Opes Advisors Inc raised its holdings in shares of Cisco Systems by 0.6% during the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock worth $236,000 after acquiring an additional 44 shares in the last quarter. Leisure Capital Management raised its holdings in shares of Cisco Systems by 0.6% during the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock worth $233,000 after acquiring an additional 48 shares in the last quarter. Ronald Blue & Co. LLC raised its holdings in shares of Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after acquiring an additional 57 shares in the last quarter. Banced Corp raised its holdings in shares of Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares in the last quarter. Finally, GM Advisory Group Inc. raised its holdings in shares of Cisco Systems by 0.3% during the 2nd quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock worth $612,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

Several brokerages have recently issued reports on CSCO. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $44.00 price objective on shares of Cisco Systems in a report on Wednesday. BidaskClub raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.99 to $46.00 in a report on Friday, January 5th. They noted that the move was a valuation call. Vetr raised Cisco Systems from a “sell” rating to a “hold” rating and set a $38.01 price objective on the stock in a report on Wednesday, December 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective on shares of Cisco Systems in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.93.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.87 on Friday. Cisco Systems, Inc. has a twelve month low of $29.84 and a twelve month high of $40.93. The firm has a market capitalization of $202,050.00, a price-to-earnings ratio of 21.18, a P/E/G ratio of 3.63 and a beta of 1.19. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the company’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 $211,131.14. Following the transaction, the senior vice president now owns 176,418 shares of the company’s stock, valued at approximately $6,437,492.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Prat Bhatt sold 2,606 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $95,092.94. Following the completion of the transaction, the chief accounting officer now directly owns 89,184 shares in the company, valued at approximately $3,254,324.16. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock worth $12,892,271 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

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Cisco Systems Company Profile

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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