Nomura Asset Management Co. Ltd. Has $137.51 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Nomura Asset Management Co. Ltd. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,583,832 shares of the network equipment provider’s stock after purchasing an additional 52,242 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Cisco Systems worth $137,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CSCO. MML Investors Services LLC lifted its stake in Cisco Systems by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 932,221 shares of the network equipment provider’s stock valued at $49,613,000 after acquiring an additional 12,849 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of Cisco Systems by 145.4% in the third quarter. Dunhill Financial LLC now owns 1,654 shares of the network equipment provider’s stock valued at $88,000 after purchasing an additional 980 shares during the last quarter. Bontempo Ohly Capital Mgmt LLC lifted its position in shares of Cisco Systems by 2.7% during the third quarter. Bontempo Ohly Capital Mgmt LLC now owns 80,435 shares of the network equipment provider’s stock valued at $4,281,000 after purchasing an additional 2,082 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Cisco Systems by 1.3% during the third quarter. Orion Portfolio Solutions LLC now owns 307,526 shares of the network equipment provider’s stock worth $16,367,000 after purchasing an additional 4,038 shares during the last quarter. Finally, Zacks Investment Management grew its position in Cisco Systems by 2.9% in the 3rd quarter. Zacks Investment Management now owns 1,958,913 shares of the network equipment provider’s stock worth $104,253,000 after purchasing an additional 54,940 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $59.89 on Monday. The firm has a market capitalization of $238.53 billion, a P/E ratio of 25.70, a PEG ratio of 4.44 and a beta of 0.85. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $60.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The business has a fifty day moving average price of $56.53 and a 200-day moving average price of $50.96.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The business had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at approximately $6,501,957.20. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,860 shares of company stock valued at $20,231,558 in the last three months. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CSCO. Deutsche Bank Aktiengesellschaft boosted their target price on Cisco Systems from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday, August 15th. Jefferies Financial Group decreased their target price on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Evercore ISI boosted their price target on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upgraded shares of Cisco Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $59.94.

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 in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.