Royal London Asset Management Ltd. Has $160.09 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Royal London Asset Management Ltd. boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,168,932 shares of the network equipment provider’s stock after buying an additional 165,011 shares during the period. Royal London Asset Management Ltd. owned approximately 0.08% of Cisco Systems worth $160,094,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WCG Wealth Advisors LLC increased its position in shares of Cisco Systems by 144.2% during the third quarter. WCG Wealth Advisors LLC now owns 51,159 shares of the network equipment provider’s stock worth $2,857,000 after acquiring an additional 30,213 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Cisco Systems during the third quarter worth $51,170,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Cisco Systems during the third quarter worth $27,394,000. Envestnet Asset Management Inc. increased its position in shares of Cisco Systems by 11.9% during the third quarter. Envestnet Asset Management Inc. now owns 9,365,069 shares of the network equipment provider’s stock worth $503,466,000 after acquiring an additional 993,063 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its position in shares of Cisco Systems by 5.2% during the third quarter. Clifford Capital Partners LLC now owns 192,460 shares of the network equipment provider’s stock worth $10,347,000 after acquiring an additional 9,577 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In other news, CEO Charles Robbins sold 26,331 shares of Cisco Systems stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total value of $1,213,859.10. Following the completion of the sale, the chief executive officer now owns 725,363 shares in the company, valued at approximately $33,439,234.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cisco Systems news, CEO Charles Robbins sold 26,331 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $46.10, for a total transaction of $1,213,859.10. Following the completion of the sale, the chief executive officer now owns 725,363 shares in the company, valued at approximately $33,439,234.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 762 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $45.42, for a total transaction of $34,610.04. Following the sale, the senior vice president now owns 51,788 shares of the company’s stock, valued at approximately $2,352,210.96. The disclosure for this sale can be found here. Insiders sold 41,106 shares of company stock worth $1,908,923 in the last quarter. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

CSCO stock traded up $0.16 during mid-day trading on Friday, hitting $45.68. The stock had a trading volume of 15,274,176 shares, compared to its average volume of 19,183,470. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Cisco Systems, Inc. has a 52 week low of $44.97 and a 52 week high of $58.19. The firm has a market capitalization of $184.04 billion, a P/E ratio of 15.38, a P/E/G ratio of 2.64 and a beta of 0.85. The firm has a fifty day simple moving average of $47.41 and a 200 day simple moving average of $48.89.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.70 by $0.18. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $12.53 billion. Cisco Systems had a net margin of 21.88% and a return on equity of 30.82%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.50%. Cisco Systems’s dividend payout ratio is currently 53.87%.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 target price for the company. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $60.00 in a report on Monday, April 15th. Citigroup initiated coverage on shares of Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price for the company. Oppenheimer increased their target price on shares of Cisco Systems from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company increased their target price on shares of Cisco Systems from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.47.

About Cisco Systems

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.