Mizuho Securities USA LLC Has $19.68 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• Mizuho Securities USA LLC reduced its holdings in Cisco Systems by 15.6%, selling 58,885 shares in the first quarter, now owning 318,899 shares valued at approximately $19.68 million.
• Cisco reported earnings per share of $0.96 for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 11.4% to $14.15 billion.
• The company recently announced a quarterly dividend of $0.41 per share, representing an annualized dividend yield of 2.3% and a payout ratio of 66.94%.

Mizuho Securities USA LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,899 shares of the network equipment provider's stock after selling 58,885 shares during the period. Mizuho Securities USA LLC's holdings in Cisco Systems were worth $19,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of Cisco Systems during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Cisco Systems during the 4th quarter worth approximately $26,000. JDM Financial Group LLC raised its stake in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the 1st quarter worth approximately $31,000. Finally, Fairway Wealth LLC raised its stake in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,407 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total value of $154,072.07. Following the completion of the sale, the executive vice president owned 177,027 shares of the company's stock, valued at approximately $11,331,498.27. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total value of $48,821.34. Following the completion of the sale, the senior vice president directly owned 36,937 shares of the company's stock, valued at approximately $2,366,553.59. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,335 shares of company stock valued at $6,271,054. Corporate insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CSCO. Wolfe Research began coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. CICC Research began coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Evercore ISI reissued an "in-line" rating and set a $72.00 target price on shares of Cisco Systems in a report on Monday, July 28th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Cisco Systems Trading Up 2.7%

Cisco Systems stock traded up $1.89 during trading hours on Friday, hitting $71.79. The stock had a trading volume of 31,389,613 shares, compared to its average volume of 16,692,797. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. The stock has a market cap of $284.29 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 3.98 and a beta of 0.91. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $72.02. The business's 50 day simple moving average is $67.49 and its 200-day simple moving average is $63.04.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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 firm 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 business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared 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 of this dividend was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio is presently 66.94%.

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 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.