Thompson Investment Management Inc. Trims Holdings in Cisco Systems, Inc. (CSCO)

Thompson Investment Management Inc. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 235,395 shares of the network equipment provider’s stock after selling 6,038 shares during the period. Cisco Systems accounts for 2.0% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Thompson Investment Management Inc.’s holdings in Cisco Systems were worth $11,452,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA raised its stake in Cisco Systems by 220,000.0% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock worth $107,000 after acquiring an additional 2,200 shares in the last quarter. Camarda Financial Advisors LLC raised its stake in Cisco Systems by 546.3% during the 3rd quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock worth $126,000 after acquiring an additional 2,185 shares in the last quarter. Shamrock Asset Management LLC raised its stake in Cisco Systems by 3,623.0% during the 3rd quarter. Shamrock Asset Management LLC now owns 3,723 shares of the network equipment provider’s stock worth $181,000 after acquiring an additional 3,623 shares in the last quarter. Landaas & Co. WI ADV acquired a new stake in Cisco Systems during the 2nd quarter worth $184,000. Finally, McAdam LLC raised its stake in Cisco Systems by 1,374.4% during the 3rd quarter. McAdam LLC now owns 3,863 shares of the network equipment provider’s stock worth $189,000 after acquiring an additional 3,601 shares in the last quarter. Institutional investors own 70.62% of the company’s stock.

Shares of NASDAQ:CSCO opened at $47.58 on Tuesday. The stock has a market capitalization of $227.34 billion, a PE ratio of 20.33, a PEG ratio of 2.76 and a beta of 1.16. The company has a current ratio of 2.11, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42. Cisco Systems, Inc. has a fifty-two week low of $40.19 and a fifty-two week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post 2.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Friday, January 4th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, January 3rd. Cisco Systems’s payout ratio is 56.41%.

In related news, SVP Prat Bhatt sold 33,950 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $44.86, for a total value of $1,522,997.00. Following the completion of the sale, the senior vice president now owns 90,207 shares in the company, valued at $4,046,686.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Chandler sold 4,373 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $44.89, for a total transaction of $196,303.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,067 shares of company stock worth $7,804,662. Insiders own 0.03% of the company’s stock.

Several brokerages recently commented on CSCO. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Robert W. Baird reissued an “outperform” rating and set a $53.00 price objective on shares of Cisco Systems in a research report on Thursday, November 29th. Morgan Stanley downgraded shares of Cisco Systems from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Deutsche Bank raised their price objective on shares of Cisco Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, November 15th. Finally, Credit Suisse Group raised their price objective on shares of Cisco Systems from $43.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $51.05.

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Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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