Cisco Systems, Inc. (NASDAQ:CSCO) Stock Holdings Reduced by Boston Partners

Key Points

• Boston Partners has reduced its stake in Cisco Systems by 4.0%, now owning approximately 3.5 million shares valued at $215.7 million.
• Analysts maintain a generally positive outlook on Cisco, with 16 buy ratings and a consensus price target of $72.90.
• Cisco reported a quarterly EPS of $0.99 and announced a quarterly dividend of $0.41, with a yield of 2.4% and a payout ratio of 66.94%.

Boston Partners decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,497,487 shares of the network equipment provider's stock after selling 147,464 shares during the quarter. Boston Partners owned approximately 0.09% of Cisco Systems worth $215,721,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Cisco Systems by 42.6% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 14,746 shares of the network equipment provider's stock valued at $873,000 after purchasing an additional 4,406 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Cisco Systems by 408.5% during the fourth quarter. Jump Financial LLC now owns 109,566 shares of the network equipment provider's stock valued at $6,486,000 after purchasing an additional 88,018 shares during the last quarter. Finally, Finward Bancorp bought a new position in Cisco Systems in the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded down $3.10 on Friday, reaching $66.20. 40,854,477 shares of the company traded hands, compared to its average volume of 20,656,640. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The company's 50 day moving average is $67.98 and its 200-day moving average is $63.33. The stock has a market capitalization of $262.15 billion, a PE ratio of 25.27, a P/E/G ratio of 3.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is 66.94%.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $64.27, for a total transaction of $57,778.73. Following the sale, the insider directly owned 255,377 shares of the company's stock, valued at $16,413,079.79. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total transaction of $48,821.34. Following the sale, the senior vice president directly owned 36,937 shares in the company, valued at approximately $2,366,553.59. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,731 shares of company stock worth $5,021,519. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CSCO shares. Barclays increased their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Evercore ISI upped their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday. KeyCorp started coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price for the company. Finally, Citigroup upped their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Ten investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.53.

About Cisco Systems

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.