World Investment Advisors LLC Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

World Investment Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,503 shares of the network equipment provider's stock after purchasing an additional 16,749 shares during the quarter. World Investment Advisors LLC's holdings in Cisco Systems were worth $7,318,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Cisco Systems by 59.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 775,559 shares of the network equipment provider's stock valued at $36,847,000 after purchasing an additional 288,775 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Cisco Systems during the third quarter valued at approximately $798,000. Citizens Financial Group Inc. RI grew its holdings in Cisco Systems by 24.4% during the second quarter. Citizens Financial Group Inc. RI now owns 264,647 shares of the network equipment provider's stock worth $12,573,000 after buying an additional 51,924 shares in the last quarter. HighVista Strategies LLC purchased a new stake in Cisco Systems in the 3rd quarter valued at $1,698,000. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in Cisco Systems by 10.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,658,417 shares of the network equipment provider's stock valued at $88,261,000 after acquiring an additional 162,544 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 21,230 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $57.07, for a total transaction of $1,211,596.10. Following the completion of the sale, the executive vice president now directly owns 213,834 shares in the company, valued at $12,203,506.38. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Richard Scott Herren sold 86,351 shares of Cisco Systems stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now owns 365,314 shares of the company's stock, valued at approximately $21,001,901.86. The trade was a 19.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 353,522 shares of company stock valued at $20,349,721 in the last three months. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded down $0.24 during trading hours on Friday, reaching $58.61. The company had a trading volume of 4,901,065 shares, compared to its average volume of 19,034,555. The firm has a market cap of $233.43 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 4.37 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 simple moving average of $57.01 and a 200 day simple moving average of $51.24.

Cisco Systems (NASDAQ:CSCO - Get Free Report) 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. On average, analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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 2.73%. The ex-dividend date is Friday, January 3rd. Cisco Systems's dividend payout ratio is presently 68.67%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Cisco Systems from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. StockNews.com upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. UBS Group lifted their target price on shares of Cisco Systems from $55.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised Cisco Systems from a "neutral" rating to an "overweight" rating and increased their price target for the company from $55.00 to $66.00 in a research report on Monday, November 11th. Finally, Rosenblatt Securities upped their price objective on Cisco Systems from $56.00 to $58.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.94.

Cisco Systems Company 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.