Nomura Holdings Inc. Increases Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Nomura Holdings Inc. lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,831 shares of the network equipment provider’s stock after buying an additional 25,129 shares during the quarter. Nomura Holdings Inc.’s holdings in Cisco Systems were worth $4,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Enlightenment Research LLC bought a new position in shares of Cisco Systems in the second quarter worth approximately $5,600,000. Great Valley Advisor Group Inc. increased its position in shares of Cisco Systems by 87.1% in the second quarter. Great Valley Advisor Group Inc. now owns 53,601 shares of the network equipment provider’s stock worth $2,935,000 after purchasing an additional 24,948 shares during the last quarter. A.R.T. Advisors LLC bought a new position in Cisco Systems during the second quarter valued at approximately $5,214,000. Stevens Capital Management LP grew its position in Cisco Systems by 39.1% during the second quarter. Stevens Capital Management LP now owns 555,338 shares of the network equipment provider’s stock valued at $30,394,000 after acquiring an additional 156,143 shares during the last quarter. Finally, Atlas Brown Inc. grew its position in Cisco Systems by 6.8% during the second quarter. Atlas Brown Inc. now owns 16,157 shares of the network equipment provider’s stock valued at $884,000 after acquiring an additional 1,025 shares during the last quarter. 73.31% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Charles Robbins sold 18,955 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $50.04, for a total value of $948,508.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $46.72, for a total transaction of $3,270,400.00. Following the completion of the transaction, the chief financial officer now owns 277,548 shares in the company, valued at approximately $12,967,042.56. The disclosure for this sale can be found here. Insiders sold 193,130 shares of company stock worth $9,359,179 in the last 90 days. Company insiders own 0.03% of the company’s stock.

CSCO has been the topic of a number of recent research reports. William Blair cut shares of Cisco Systems from an “outperform” rating to a “market perform” rating and set a $56.10 price target on the stock. in a research report on Wednesday, June 12th. KeyCorp reduced their price target on shares of Cisco Systems from $60.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Raymond James reiterated an “overweight” rating on shares of Cisco Systems in a research report on Friday, August 16th. Tigress Financial reiterated a “buy” rating on shares of Cisco Systems in a research report on Thursday, June 27th. Finally, Barclays initiated coverage on shares of Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. Cisco Systems has an average rating of “Buy” and a consensus target price of $56.60.

Shares of Cisco Systems stock traded down $1.59 on Tuesday, hitting $47.82. The stock had a trading volume of 5,965,606 shares, compared to its average volume of 18,033,400. The company has a quick ratio of 1.46, a current ratio of 1.51 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a one year low of $40.25 and a one year high of $58.26. The stock has a market cap of $207.34 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.36 and a beta of 1.27. The stock’s 50-day simple moving average is $48.59 and its two-hundred day simple moving average is $53.53.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, October 3rd. Cisco Systems’s dividend payout ratio is 49.12%.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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