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Banco Santander S.A. Has $22.36 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

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Key Points

  • Banco Santander S.A. increased its holdings in Cisco Systems, Inc. by 16.4% in Q1, owning a total of 362,407 shares valued at $22.36 million as of its latest SEC filing.
  • Brokerage firms have given Cisco Systems varying ratings, with Morgan Stanley increasing their price target to $70.00, while Deutsche Bank raised their target to $73.00.
  • Cisco recently announced a quarterly dividend of $0.41 per share, resulting in a 2.4% dividend yield with a payout ratio of 66.94%.
  • Five stocks to consider instead of Cisco Systems.

Banco Santander S.A. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 362,407 shares of the network equipment provider's stock after acquiring an additional 51,133 shares during the period. Banco Santander S.A.'s holdings in Cisco Systems were worth $22,364,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CSCO. Brighton Jones LLC lifted its stake in shares of Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Cisco Systems by 39.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 440,169 shares of the network equipment provider's stock valued at $26,058,000 after acquiring an additional 124,529 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Cisco Systems by 6.3% in the 4th quarter. Arete Wealth Advisors LLC now owns 34,067 shares of the network equipment provider's stock valued at $2,011,000 after acquiring an additional 2,029 shares during the last quarter. Finally, Atlas Capital Advisors Inc. lifted its stake in shares of Cisco Systems by 257.5% in the 4th quarter. Atlas Capital Advisors Inc. now owns 22,651 shares of the network equipment provider's stock valued at $1,341,000 after acquiring an additional 16,315 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSCO. Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. New Street Research reaffirmed a "neutral" rating and set a $70.00 target price on shares of Cisco Systems in a research report on Friday, May 16th. Finally, KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $70.35.

Read Our Latest Analysis on CSCO

Cisco Systems Stock Performance

Shares of CSCO opened at $67.11 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.95 and a quick ratio of 0.87. The stock has a 50-day moving average of $66.87 and a 200-day moving average of $62.72. The company has a market cap of $265.76 billion, a PE ratio of 27.39, a P/E/G ratio of 4.07 and a beta of 0.91. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $69.78.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were paid a $0.41 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 66.94%.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the sale, the executive vice president directly owned 174,669 shares in the company, valued at $11,447,806.26. This trade represents a 4.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeetendra I. Patel sold 899 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $64.27, for a total value of $57,778.73. Following the completion of the sale, the insider owned 255,377 shares of the company's stock, valued at approximately $16,413,079.79. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 over the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Company Profile

(Free Report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Further Reading

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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