Cerebellum GP LLC Boosts Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

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Cerebellum GP LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,827 shares of the network equipment provider’s stock after purchasing an additional 2,953 shares during the quarter. Cerebellum GP LLC’s holdings in Cisco Systems were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CSCO. Nuveen Asset Management LLC raised its position in Cisco Systems by 1,546.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 48,285,218 shares of the network equipment provider’s stock worth $2,642,650,000 after purchasing an additional 45,351,980 shares during the period. First Trust Advisors LP raised its position in Cisco Systems by 155.6% in the 3rd quarter. First Trust Advisors LP now owns 17,446,107 shares of the network equipment provider’s stock worth $862,012,000 after purchasing an additional 10,621,798 shares during the period. Parnassus Investments CA purchased a new stake in Cisco Systems in the 3rd quarter worth about $444,882,000. Massachusetts Financial Services Co. MA raised its position in Cisco Systems by 13.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,589,214 shares of the network equipment provider’s stock worth $1,066,724,000 after purchasing an additional 2,496,113 shares during the period. Finally, California Public Employees Retirement System raised its position in Cisco Systems by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 15,745,642 shares of the network equipment provider’s stock worth $777,992,000 after purchasing an additional 1,836,457 shares during the period. 72.55% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. KeyCorp reduced their price objective on shares of Cisco Systems from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Robert W. Baird reaffirmed a “buy” rating and set a $54.00 target price on shares of Cisco Systems in a research report on Monday, November 11th. Royal Bank of Canada set a $56.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Edward Jones raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Sunday, December 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.69.

Shares of NASDAQ:CSCO opened at $48.01 on Thursday. The firm has a market cap of $202.74 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.23. The firm’s 50 day simple moving average is $46.45 and its 200-day simple moving average is $49.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.64 and a current ratio of 1.70. Cisco Systems, Inc. has a one year low of $43.40 and a one year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The company had revenue of $13.16 billion for the quarter, compared to analyst estimates of $13.09 billion. Cisco Systems had a net margin of 21.15% and a return on equity of 35.01%. Cisco Systems’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Equities research analysts predict that Cisco Systems, Inc. will post 2.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, January 2nd. Cisco Systems’s payout ratio is 49.12%.

In related news, CAO Prat Bhatt sold 39,343 shares of Cisco Systems stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $44.88, for a total transaction of $1,765,713.84. Following the transaction, the chief accounting officer now directly owns 137,634 shares of the company’s stock, valued at $6,177,013.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 12,597 shares of Cisco Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $44.81, for a total transaction of $564,471.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 388,864 shares of company stock worth $17,474,321. 0.03% of the stock is currently owned by corporate insiders.

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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