Cisco Systems, Inc. (CSCO) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942,349 shares of the network equipment provider’s stock after purchasing an additional 55,405 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Cisco Systems were worth $36,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Ameriprise Financial Inc. raised its position in Cisco Systems by 23.6% in the 3rd 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 last quarter. Stifel Financial Corp raised its position in Cisco Systems by 6,109.5% in the 3rd 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 last quarter. Vanguard Group Inc. raised its position in Cisco Systems by 2.2% in the 2nd 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 last quarter. Janus Henderson Group PLC raised its position in Cisco Systems by 51.1% in the 2nd 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 last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Cisco Systems by 36.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock valued at $419,903,000 after buying an additional 3,559,275 shares during the last quarter. 77.55% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently issued reports on CSCO shares. Vetr lowered Cisco Systems from a “buy” rating to a “hold” rating and set a $45.60 target price on the stock. in a research report on Monday, March 26th. BidaskClub raised Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Citigroup raised their price target on Cisco Systems from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, March 16th. BMO Capital Markets raised their price target on Cisco Systems from $36.00 to $43.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Finally, KeyCorp raised their price target on Cisco Systems from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $44.23.

In related news, Director M Michele Burns sold 12,126 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $45.37, for a total value of $550,156.62. Following the completion of the sale, the director now directly owns 74,479 shares in the company, valued at approximately $3,379,112.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arun Sarin sold 14,189 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $44.10, for a total value of $625,734.90. The disclosure for this sale can be found here. Insiders sold a total of 46,986 shares of company stock valued at $2,116,422 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

CSCO opened at $43.00 on Monday. The firm has a market capitalization of $207,153.28, a P/E ratio of 20.00, a PEG ratio of 2.88 and a beta of 1.14. Cisco Systems, Inc. has a 1 year low of $30.36 and a 1 year high of $46.16. The company has a quick ratio of 2.38, a current ratio of 2.43 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11.82 billion. Cisco Systems had a positive return on equity of 17.77% and a negative net margin of 3.00%. During the same period in the previous year, the company posted $0.57 EPS. research analysts expect that Cisco Systems, Inc. will post 2.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Thursday, April 5th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 4th. This is an increase from Cisco Systems’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 3.07%. Cisco Systems’s payout ratio is 61.40%.

Cisco Systems announced that its board has initiated a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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