American National Registered Investment Advisor Inc. held its position in Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,541 shares of the network equipment provider’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Cisco Systems were worth $1,895,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dodge & Cox acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $1,950,935,000. Norges Bank acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $1,306,395,000. Boston Partners increased its stake in Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock valued at $1,033,052,000 after buying an additional 23,002,159 shares during the period. Asset Management One Co. Ltd. increased its stake in Cisco Systems by 1,032.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,822,459 shares of the network equipment provider’s stock valued at $266,816,000 after buying an additional 8,043,558 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Cisco Systems during the fourth quarter valued at approximately $134,343,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.
Shares of Cisco Systems, Inc. (CSCO) opened at 31.86 on Friday. The stock has a market capitalization of $159.30 billion, a P/E ratio of 16.17 and a beta of 1.24. The firm’s 50-day moving average price is $31.56 and its 200 day moving average price is $32.39. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The company had revenue of $11.94 billion during the quarter, compared to the consensus estimate of $11.90 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. Cisco Systems’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that Cisco Systems, Inc. will post $2.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.
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Several research firms have commented on CSCO. Citigroup Inc. set a $36.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a report on Friday, May 19th. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a report on Saturday, July 1st. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a report on Saturday, July 1st. Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price objective on the stock. in a report on Wednesday, April 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a report on Wednesday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $35.32.
In other news, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the sale, the senior vice president now directly owns 271,725 shares in the company, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 396,179 shares of company stock worth $12,503,407. Corporate insiders own 0.11% of the company’s stock.
Cisco Systems Company 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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