Livforsakringsbolaget Skandia Omsesidigt Buys 7,900 Shares of Cisco Systems, Inc. $CSCO

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,576 shares of the network equipment provider’s stock after acquiring an additional 7,900 shares during the period. Cisco Systems accounts for 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 16th largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cisco Systems were worth $25,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CSCO. Vanguard Group Inc. raised its holdings in Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after acquiring an additional 5,039,714 shares in the last quarter. State Street Corp lifted its position in shares of Cisco Systems by 0.6% during the 2nd quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock valued at $13,507,956,000 after acquiring an additional 1,067,872 shares during the period. Norges Bank acquired a new stake in shares of Cisco Systems during the 2nd quarter worth $3,816,825,000. Invesco Ltd. increased its position in shares of Cisco Systems by 10.5% in the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider’s stock worth $3,668,182,000 after purchasing an additional 5,081,469 shares during the period. Finally, Northern Trust Corp increased its position in shares of Cisco Systems by 3.5% in the third quarter. Northern Trust Corp now owns 48,498,612 shares of the network equipment provider’s stock worth $3,318,275,000 after purchasing an additional 1,631,703 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $79.27 on Wednesday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $88.18. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $78.16 and its 200 day simple moving average is $74.68. The firm has a market capitalization of $313.11 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.98 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The firm had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio is currently 58.95%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of several recent analyst reports. Evercore raised shares of Cisco Systems from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $100.00 in a research report on Monday, January 26th. President Capital decreased their target price on shares of Cisco Systems from $90.00 to $88.00 in a report on Wednesday, December 24th. CICC Research boosted their target price on shares of Cisco Systems from $84.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Citigroup upped their price target on shares of Cisco Systems from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Morgan Stanley increased their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $89.55.

Read Our Latest Analysis on Cisco Systems

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,179 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $77.74, for a total value of $169,395.46. Following the sale, the senior vice president owned 28,807 shares in the company, valued at $2,239,456.18. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael D. Capellas sold 16,150 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $77.28, for a total transaction of $1,248,072.00. Following the sale, the director directly owned 157,218 shares in the company, valued at approximately $12,149,807.04. The trade was a 9.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 75,799 shares of company stock worth $5,815,306 over the last 90 days. Insiders own 0.01% of the company’s stock.

Cisco Systems News Roundup

Here are the key news stories impacting Cisco Systems this week:

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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

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