Natixis Advisors LLC Purchases 238,210 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Natixis Advisors LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,652,863 shares of the network equipment provider's stock after purchasing an additional 238,210 shares during the quarter. Natixis Advisors LLC owned 0.07% of Cisco Systems worth $141,186,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in Cisco Systems during the 2nd quarter worth approximately $25,000. Quarry LP grew its holdings in shares of Cisco Systems by 222.4% in the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 456 shares during the last quarter. West Financial Advisors LLC increased its stake in shares of Cisco Systems by 116.6% in the third quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after buying an additional 309 shares during the period. Hobbs Group Advisors LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at $36,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Cisco Systems by 617.7% in the second quarter. Iron Horse Wealth Management LLC now owns 890 shares of the network equipment provider's stock worth $42,000 after purchasing an additional 766 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CSCO shares. Tigress Financial upped their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company a "hold" rating in a report on Thursday, August 15th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $46.00 to $58.00 in a research note on Friday, August 16th. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Finally, Hsbc Global Res upgraded Cisco Systems to a "strong-buy" rating in a report on Friday, August 16th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $59.42.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,379 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the completion of the transaction, the senior vice president now directly owns 47,182 shares of the company's stock, valued at approximately $2,376,085.52. This trade represents a 6.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the sale, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,924 shares of company stock worth $1,798,131. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

NASDAQ:CSCO traded down $0.46 during trading hours on Friday, hitting $57.46. 28,173,705 shares of the stock traded hands, compared to its average volume of 19,144,939. The stock has a 50 day moving average price of $54.18 and a 200 day moving average price of $49.76. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 0.43. The company has a market cap of $229.31 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 4.90 and a beta of 0.83. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $59.38.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.53 billion. Cisco Systems had a return on equity of 25.62% and a net margin of 17.73%. The firm's quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.89 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.78%. Cisco Systems's payout ratio is 68.67%.

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.