CHICAGO TRUST Co NA reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,329 shares of the network equipment provider’s stock after selling 2,972 shares during the period. CHICAGO TRUST Co NA’s holdings in Cisco Systems were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted 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. Ameriprise Financial Inc. boosted 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. Dimensional Fund Advisors LP boosted its position in Cisco Systems by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 48,741,535 shares of the network equipment provider’s stock valued at $1,639,089,000 after buying an additional 2,987,682 shares during the last quarter. Nordea Investment Management AB boosted its position in Cisco Systems by 8.3% in the 3rd quarter. Nordea Investment Management AB now owns 34,013,570 shares of the network equipment provider’s stock valued at $1,143,876,000 after buying an additional 2,617,310 shares during the last quarter. Finally, Boston Partners boosted its position in Cisco Systems by 1.1% in the 3rd quarter. Boston Partners now owns 30,401,385 shares of the network equipment provider’s stock valued at $1,022,399,000 after buying an additional 329,474 shares during the last quarter. 77.65% of the stock is owned by institutional investors.

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Shares of Cisco Systems, Inc. (CSCO) opened at $45.16 on Wednesday. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $46.16. The company has a market cap of $217,560.00, a P/E ratio of -141.13, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10. 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 announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Cisco Systems had a negative net margin of 3.00% and a positive return on equity of 17.77%. The company had revenue of $11.89 billion for the quarter, compared to analyst estimates of $11.82 billion. During the same quarter last year, the business earned $0.57 earnings per share. equities research analysts forecast that Cisco Systems, Inc. will post 2.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.92%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is presently -362.50%.

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

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Cisco Systems from $37.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Bank of America upped their target price on shares of Cisco Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, November 16th. Deutsche Bank restated a “buy” rating and issued a $45.00 target price (up previously from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Jefferies Group upped their target price on shares of Cisco Systems to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Nomura upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, February 12th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.04.

In other news, Director Roderick C. Mcgeary sold 15,230 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.00, for a total value of $578,740.00. Following the completion of the transaction, the director now directly owns 113,154 shares in the company, valued at $4,299,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arun Sarin sold 14,189 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $44.10, for a total transaction of $625,734.90. The disclosure for this sale can be found here. Insiders sold 116,566 shares of company stock worth $4,636,938 in the last 90 days. 0.05% of the stock is owned by company insiders.

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About Cisco Systems

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

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