Cisco Systems, Inc. (CSCO) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,556 shares of the network equipment provider’s stock after purchasing an additional 9,206 shares during the quarter. Eqis Capital Management Inc.’s holdings in Cisco Systems were worth $4,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Cisco Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after acquiring an additional 7,411,891 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Cisco Systems by 54.2% in the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after acquiring an additional 5,049,326 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Cisco Systems by 51.1% in the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock valued at $423,475,000 after acquiring an additional 4,577,831 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Cisco Systems by 36.1% in the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock valued at $419,903,000 after acquiring an additional 3,559,275 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Cisco Systems by 12.1% in the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock valued at $982,703,000 after acquiring an additional 3,384,768 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $38.00 price target on shares of Cisco Systems in a research note on Sunday, August 20th. BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of Cisco Systems in a research note on Thursday, September 28th. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price target on the stock. in a research note on Monday, September 25th. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have issued a buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $37.10.

In related news, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction that occurred 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 owns 89,184 shares in the company, valued at approximately $3,254,324.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total transaction of $578,740.00. Following the completion of the transaction, the director now owns 113,154 shares of the company’s stock, valued at approximately $4,299,852. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,622 shares of company stock valued at $10,009,964. 0.05% of the stock is owned by company insiders.

Cisco Systems, Inc. (CSCO) opened at $38.19 on Monday. The stock has a market cap of $188,796.92, a P/E ratio of 17.60, a P/E/G ratio of 3.45 and a beta of 1.19. Cisco Systems, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $38.37. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. equities analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be issued a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

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Cisco Systems 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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