Cubist Systematic Strategies LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 74.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,870 shares of the network equipment provider’s stock after selling 225,183 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Cisco Systems were worth $2,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSCO. Vanguard Group Inc. boosted its position in Cisco Systems by 2.2% in 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 in the last quarter. American Century Companies Inc. boosted its position in Cisco Systems by 54.2% in 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 in the last quarter. Janus Henderson Group PLC boosted its position in Cisco Systems by 51.1% in 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 in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Cisco Systems by 36.1% during the second quarter. Parametric Portfolio Associates LLC now owns 13,415,432 shares of the network equipment provider’s stock worth $419,903,000 after purchasing an additional 3,559,275 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Cisco Systems by 12.1% during the second quarter. Nordea Investment Management AB now owns 31,396,260 shares of the network equipment provider’s stock worth $982,703,000 after purchasing an additional 3,384,768 shares during the period. 75.78% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.96 on Tuesday. The stock has a market cap of $185,929.63, a price-to-earnings ratio of 17.33, a P/E/G ratio of 3.40 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $38.04.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. equities analysts expect that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.06%. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.

A number of equities analysts have recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $41.00 price target on shares of Cisco Systems in a report on Tuesday, December 5th. Vetr lowered shares of Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 price target on the stock. in a report on Wednesday, November 29th. Sanford C. Bernstein reiterated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a report on Monday, November 27th. Argus lifted their price target on shares of Cisco Systems from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Cowen reiterated a “buy” rating on shares of Cisco Systems in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $36.90.

In other Cisco Systems news, CEO Charles Robbins sold 121,390 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $3,891,763.40. Following the completion of the sale, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $821,954.28. Following the completion of the sale, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at $3,847,071.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 493,530 shares of company stock valued at $16,993,798. Insiders own 0.05% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Cisco Systems, Inc. (CSCO) Position Cut by Cubist Systematic Strategies LLC” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/12/12/cisco-systems-inc-csco-position-cut-by-cubist-systematic-strategies-llc.html.

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).

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.