Mackenzie Financial Corp lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,377 shares of the network equipment provider’s stock after acquiring an additional 28,474 shares during the quarter. Mackenzie Financial Corp’s holdings in Cisco Systems were worth $2,871,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in Cisco Systems by 23.6% during the third quarter. Ameriprise Financial Inc. now owns 62,709,508 shares of the network equipment provider’s stock valued at $2,109,614,000 after buying an additional 11,972,070 shares during the period. Stifel Financial Corp grew its position in Cisco Systems by 6,109.5% during the third quarter. Stifel Financial Corp now owns 8,147,775 shares of the network equipment provider’s stock valued at $273,977,000 after buying an additional 8,016,561 shares during the period. Vanguard Group Inc. grew its position in Cisco Systems by 2.2% during the second quarter. Vanguard Group Inc. now owns 352,120,694 shares of the network equipment provider’s stock valued at $11,021,378,000 after buying an additional 7,411,891 shares during the period. American Century Companies Inc. grew its position in Cisco Systems by 54.2% during the second quarter. American Century Companies Inc. now owns 14,362,422 shares of the network equipment provider’s stock valued at $449,544,000 after buying an additional 5,049,326 shares during the period. Finally, Janus Henderson Group PLC grew its position in Cisco Systems by 51.1% during the second quarter. Janus Henderson Group PLC now owns 13,528,059 shares of the network equipment provider’s stock valued at $423,475,000 after buying an additional 4,577,831 shares during the period. Hedge funds and other institutional investors own 75.06% of the company’s stock.
In other news, Director Roderick C. Mcgeary sold 15,230 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the sale, the director now directly owns 113,154 shares of the company’s stock, valued at $4,299,852. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the insider now directly owns 712,736 shares in the company, valued at $26,014,864. The disclosure for this sale can be found here. Over the last three months, insiders sold 348,643 shares of company stock worth $12,892,271. Insiders own 0.05% of the company’s stock.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $44.33 on Tuesday. Cisco Systems, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $45.13. The stock has a market cap of $219,150.78, a PE ratio of -138.53, a PEG ratio of 3.29 and a beta of 1.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.43 and a quick ratio of 2.38.
Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The firm had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.82 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. research analysts predict that Cisco Systems, Inc. will post 2.24 EPS for the current year.
Cisco Systems announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, April 5th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.98%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 4th. Cisco Systems’s dividend payout ratio is presently -362.50%.
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About Cisco Systems
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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