Fuller & Thaler Asset Management Inc. Acquires Shares of 22,700 Cisco Systems, Inc. (CSCO)

Fuller & Thaler Asset Management Inc. acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the third quarter, HoldingsChannel.com reports. The firm acquired 22,700 shares of the network equipment provider’s stock, valued at approximately $763,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Cisco Systems by 23.6% during the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after purchasing an additional 11,972,070 shares during the last quarter. Vanguard Group Inc. lifted its position in Cisco Systems by 2.2% during 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 purchasing an additional 7,411,891 shares during the last quarter. American Century Companies Inc. lifted its position in Cisco Systems by 54.2% during 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 purchasing an additional 5,049,326 shares during the last quarter. Janus Henderson Group PLC lifted its position in Cisco Systems by 51.1% during 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 purchasing an additional 4,577,831 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Cisco Systems by 36.1% during 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 purchasing an additional 3,559,275 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $38.78 on Tuesday. 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, Inc. has a one year low of $30.36 and a one year high of $42.98. The company has a market cap of $202,342.45, a price-to-earnings ratio of 20.09, a P/E/G ratio of 3.69 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts anticipate that Cisco Systems, Inc. will post 2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s payout ratio is 60.10%.

CSCO has been the subject of several research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research report on Thursday, October 12th. KeyCorp set a $33.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Oppenheimer reissued a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research note on Friday, October 20th. Finally, BMO Capital Markets reissued a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research note on Monday, October 23rd. Thirteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.26.

In other Cisco Systems news, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the transaction, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now directly owns 89,184 shares in the company, valued at $3,254,324.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 348,643 shares of company stock worth $12,892,271. Insiders own 0.05% of the company’s stock.

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About Cisco Systems

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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