James Investment Research Inc. Reduces Stake in Cisco Systems, Inc. (CSCO)

James Investment Research Inc. lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 40.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,337 shares of the network equipment provider’s stock after selling 448,770 shares during the period. James Investment Research Inc.’s holdings in Cisco Systems were worth $22,252,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CSCO. Dodge & Cox acquired a new stake in Cisco Systems during the fourth quarter valued at $1,950,935,000. Norges Bank acquired a new stake in Cisco Systems during the fourth quarter valued at $1,306,395,000. Asset Management One Co. Ltd. raised 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. State Street Corp raised its stake in Cisco Systems by 2.8% in the fourth quarter. State Street Corp now owns 218,577,771 shares of the network equipment provider’s stock valued at $6,605,412,000 after buying an additional 5,886,055 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 $134,343,000. 76.13% of the stock is currently owned by institutional investors.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 32.09 on Friday. Cisco Systems, Inc. has a 1-year low of $27.13 and a 1-year high of $34.60. The company has a market capitalization of $160.45 billion, a price-to-earnings ratio of 16.29 and a beta of 1.23. The company’s 50 day moving average price is $32.44 and its 200-day moving average price is $32.24. Cisco Systems also saw unusually large options trading on Friday. Investors bought 22,161 put options on the company. This is an increase of 202% compared to the average volume of 7,346 put options.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $11.90 billion. During the same period last year, the firm earned $0.57 EPS. Cisco Systems’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 7th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a yield of 3.61%. Cisco Systems’s dividend payout ratio is currently 58.29%.

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Several equities analysts have commented on CSCO shares. Vetr downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 target price for the company. in a research report on Wednesday, April 26th. Morgan Stanley upgraded Cisco Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $33.45 to $39.00 in a research report on Monday, May 15th. Berenberg Bank started coverage on Cisco Systems in a research report on Tuesday, April 4th. They issued a “hold” rating and a $35.00 target price for the company. Zacks Investment Research downgraded Cisco Systems from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Finally, BMO Capital Markets downgraded Cisco Systems from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $37.00 to $35.00 in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.19.

In other Cisco Systems news, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the sale, the senior vice president now directly owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now directly owns 178,577 shares in the company, valued at $5,587,674.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 396,179 shares of company stock worth $12,503,407. 0.11% of the stock is owned by insiders.

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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