Cisco Systems, Inc. (CSCO) Shares Bought by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 733,247 shares of the network equipment provider’s stock after acquiring an additional 11,451 shares during the period. MUFG Americas Holdings Corp’s holdings in Cisco Systems were worth $24,784,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CSCO. Boston Partners increased its position in shares of Cisco Systems by 304.2% during the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after acquiring an additional 23,002,159 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Cisco Systems during the first quarter worth approximately $60,047,000. Acadian Asset Management LLC increased its position in shares of Cisco Systems by 469.6% during the first quarter. Acadian Asset Management LLC now owns 929,317 shares of the network equipment provider’s stock worth $31,412,000 after acquiring an additional 766,169 shares during the period. Strs Ohio increased its position in shares of Cisco Systems by 11.8% during the first quarter. Strs Ohio now owns 5,991,681 shares of the network equipment provider’s stock worth $202,518,000 after acquiring an additional 634,331 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of Cisco Systems by 21.2% during the first quarter. ANTIPODES PARTNERS Ltd now owns 1,556,031 shares of the network equipment provider’s stock worth $48,202,000 after acquiring an additional 272,702 shares during the period. 74.70% of the stock is owned by hedge funds and other institutional investors.

CSCO has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price for the company in a research report on Wednesday, September 6th. ValuEngine downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group restated an “outperform” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Monday, June 26th. Finally, William Blair restated an “outperform” rating on shares of Cisco Systems in a research report on Monday, July 3rd. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $35.57.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.78% during mid-day trading on Friday, hitting $32.44. 29,336,087 shares of the company traded hands. The firm has a market cap of $160.64 billion, a price-to-earnings ratio of 17.07 and a beta of 1.19. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The firm has a 50-day moving average price of $31.66 and a 200 day moving average price of $32.46.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business had revenue of $12.13 billion for the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter in the previous year, the business posted $0.63 EPS. Cisco Systems’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is 60.73%.

In other news, CAO Prat Bhatt sold 25,638 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now directly owns 119,996 shares in the company, valued at approximately $3,847,071.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now owns 192,774 shares of the company’s stock, valued at $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold a total of 420,138 shares of company stock worth $13,239,624 in the last ninety days. Insiders own 0.11% of the company’s stock.

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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).

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

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