Haverford Trust Co. Raises Position in Cisco Systems, Inc. (CSCO)

Haverford Trust Co. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 771,585 shares of the network equipment provider’s stock after purchasing an additional 95,621 shares during the quarter. Haverford Trust Co.’s holdings in Cisco Systems were worth $25,948,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Barnett & Company Inc. raised its holdings in shares of Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after acquiring an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after acquiring an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Cisco Systems in the second quarter worth $104,000. Grove Bank & Trust raised its holdings in shares of Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Cisco Systems by 10.7% in the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 350 shares during the last quarter. 75.64% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Rebecca Jacoby sold 75,021 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now owns 257,476 shares of the company’s stock, valued at $9,892,227.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roderick C. Mcgeary sold 15,230 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the sale, the director now directly 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 three months, insiders have sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is owned by company insiders.

Shares of Cisco Systems, Inc. (CSCO) opened at $39.53 on Friday. Cisco Systems, Inc. has a 1 year low of $30.36 and a 1 year high of $42.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. The stock has a market capitalization of $191,664.23, a PE ratio of 17.87, a price-to-earnings-growth ratio of 3.48 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts forecast that Cisco Systems, Inc. will post 2.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

A number of equities analysts have recently weighed in on CSCO shares. Royal Bank of Canada reissued a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Wednesday, November 15th. BidaskClub raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Vetr raised Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $44.13 price target for the company in a report on Monday, February 5th. ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $42.00 price target on shares of Cisco Systems in a report on Tuesday, November 14th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $39.54.

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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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