Sciencast Management LP Acquires New Holdings in Cisco Systems, Inc. (CSCO)

Sciencast Management LP acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,500 shares of the network equipment provider’s stock, valued at approximately $798,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Barnett & Company Inc. increased its holdings in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after buying an additional 3,023 shares during the period. Tortoise Investment Management LLC increased its holdings in Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after buying an additional 878 shares during the period. Grove Bank & Trust increased its holdings in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after buying an additional 2,120 shares during the period. Manchester Capital Management LLC increased its holdings in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after buying an additional 350 shares during the period. Finally, Ffcm LLC increased its holdings in Cisco Systems by 2,025.0% in the 2nd quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after buying an additional 3,564 shares during the period. Hedge funds and other institutional investors own 75.78% of the company’s stock.

In other Cisco Systems news, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders sold a total of 493,530 shares of company stock worth $16,993,798 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Several equities research analysts have commented on CSCO shares. Drexel Hamilton restated a “buy” rating and issued a $39.00 price objective on shares of Cisco Systems in a research report on Tuesday, August 15th. Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Thursday, August 17th. Robert W. Baird restated a “buy” rating and issued a $38.00 price objective on shares of Cisco Systems in a research report on Thursday, August 17th. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price objective on the stock in a research report on Wednesday, September 6th. Finally, Deutsche Bank restated a “buy” rating and issued a $40.00 price objective on shares of Cisco Systems in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.90.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.96 on Tuesday. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.04. The stock has a market capitalization of $185,929.63, a P/E ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The firm had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue was down 1.7% on a year-over-year basis. analysts expect that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%. Cisco Systems’s payout ratio is currently 60.10%.

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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).

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

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