Quintet Private Bank Europe S.A. Buys 92,179 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Quintet Private Bank Europe S.A. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 635,667 shares of the network equipment provider's stock after acquiring an additional 92,179 shares during the period. Cisco Systems makes up about 1.9% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 16th biggest position. Quintet Private Bank Europe S.A.'s holdings in Cisco Systems were worth $33,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CSCO. Bank of New York Mellon Corp grew its holdings in shares of Cisco Systems by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 70,317,061 shares of the network equipment provider's stock worth $3,340,764,000 after purchasing an additional 1,853,598 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Cisco Systems by 3.3% during the second quarter. Legal & General Group Plc now owns 47,593,944 shares of the network equipment provider's stock worth $2,261,185,000 after purchasing an additional 1,530,468 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Cisco Systems by 22.5% in the second quarter. Dimensional Fund Advisors LP now owns 26,409,843 shares of the network equipment provider's stock worth $1,254,739,000 after purchasing an additional 4,843,146 shares during the last quarter. Swedbank AB bought a new position in Cisco Systems during the 1st quarter valued at approximately $840,538,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Cisco Systems by 26.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,858,505 shares of the network equipment provider's stock worth $691,678,000 after buying an additional 2,906,357 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded up $0.26 during trading on Monday, hitting $55.76. 7,512,659 shares of the company's stock were exchanged, compared to its average volume of 18,993,574. The business's 50-day simple moving average is $52.63 and its 200 day simple moving average is $49.10. The company has a market cap of $222.52 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.54 and a beta of 0.83. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $57.06. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91 and a quick ratio of 0.83.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period last year, the company posted $1.01 earnings per share. Cisco Systems's quarterly revenue was down 10.3% on a year-over-year basis. As a group, equities analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems's dividend payout ratio is 62.99%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Hsbc Global Res raised Cisco Systems to a "strong-buy" rating in a research report on Friday, August 16th. 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. Citigroup upgraded Cisco Systems from a "neutral" rating to a "buy" rating and lifted their price target for the company from $52.00 to $62.00 in a research report on Wednesday, October 16th. Finally, Barclays decreased their price objective on Cisco Systems from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Thursday, August 15th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $56.74.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Thimaya K. Subaiya sold 1,328 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 132,910 shares of the company's stock, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 638 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the transaction, the senior vice president now owns 46,017 shares of the company's stock, valued at approximately $2,258,974.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,529 shares of company stock worth $3,509,049. Corporate insiders own 0.01% of the company's stock.

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.