Unigestion Holding SA Sells 10,603 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Unigestion Holding SA trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 51.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,873 shares of the network equipment provider’s stock after selling 10,603 shares during the quarter. Unigestion Holding SA’s holdings in Cisco Systems were worth $488,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Haverford Trust Co. raised its holdings in Cisco Systems by 2.6% during the 3rd quarter. Haverford Trust Co. now owns 1,052,156 shares of the network equipment provider’s stock worth $51,987,000 after purchasing an additional 26,946 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Cisco Systems by 7.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 317,016 shares of the network equipment provider’s stock worth $15,664,000 after purchasing an additional 21,876 shares during the last quarter. Cohen Lawrence B raised its holdings in Cisco Systems by 31.6% during the 3rd quarter. Cohen Lawrence B now owns 7,500 shares of the network equipment provider’s stock worth $371,000 after purchasing an additional 1,800 shares during the last quarter. Provident Trust Co. bought a new stake in Cisco Systems during the 3rd quarter worth about $494,000. Finally, Bartlett & Co. LLC raised its holdings in Cisco Systems by 421.4% during the 3rd quarter. Bartlett & Co. LLC now owns 270,632 shares of the network equipment provider’s stock worth $13,372,000 after purchasing an additional 218,731 shares during the last quarter. 73.27% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Mark D. Chandler sold 546 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $47.92, for a total value of $26,164.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.72, for a total value of $3,270,400.00. Following the completion of the sale, 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. In the last quarter, insiders have sold 193,130 shares of company stock worth $9,359,179. Company insiders own 0.03% of the company’s stock.

Shares of CSCO stock traded up $0.41 on Friday, reaching $48.83. The company had a trading volume of 14,406,400 shares, compared to its average volume of 20,421,934. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26. The stock has a market cap of $202.69 billion, a PE ratio of 17.13, a PEG ratio of 2.30 and a beta of 1.28. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $47.56 and a 200-day moving average of $52.07.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 14th. The network equipment provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, October 3rd. Cisco Systems’s dividend payout ratio is currently 49.12%.

Several brokerages have weighed in on CSCO. Barclays began coverage on Cisco Systems in a report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price objective for the company. Nomura boosted their price objective on Cisco Systems from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Raymond James reissued an “overweight” rating on shares of Cisco Systems in a report on Friday, August 16th. KeyCorp lowered their price target on Cisco Systems from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Morgan Stanley lowered their price target on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $55.92.

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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