Banco de Sabadell S.A Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Banco de Sabadell S.A raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,413 shares of the network equipment provider’s stock after buying an additional 5,432 shares during the quarter. Banco de Sabadell S.A’s holdings in Cisco Systems were worth $2,243,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in Cisco Systems by 5.8% during the third quarter. Wellington Management Group LLP now owns 93,121,610 shares of the network equipment provider’s stock valued at $5,068,609,000 after buying an additional 5,079,220 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cisco Systems by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 73,136,734 shares of the network equipment provider’s stock worth $4,623,101,000 after purchasing an additional 1,380,066 shares during the last quarter. Northern Trust Corp raised its stake in shares of Cisco Systems by 0.3% in the fourth quarter. Northern Trust Corp now owns 55,173,669 shares of the network equipment provider’s stock worth $3,496,355,000 after purchasing an additional 183,779 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cisco Systems by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,268,847 shares of the network equipment provider’s stock worth $3,185,537,000 after purchasing an additional 2,336,314 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Cisco Systems by 4.2% in the fourth quarter. Invesco Ltd. now owns 35,378,075 shares of the network equipment provider’s stock worth $2,241,909,000 after purchasing an additional 1,413,155 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.

In related news, COO Maria Martinez sold 992 shares of the stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $55.24, for a total transaction of $54,798.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prat Bhatt sold 608 shares of the company’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $55.16, for a total value of $33,537.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,645 shares of company stock valued at $962,808. 0.02% of the stock is owned by corporate insiders.

NASDAQ CSCO opened at $45.62 on Friday. The firm has a market cap of $189.51 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. The company has a quick ratio of 1.34, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $50.98 and a 200-day moving average price of $55.19. Cisco Systems, Inc. has a twelve month low of $41.02 and a twelve month high of $64.29.

Cisco Systems (NASDAQ:CSCOGet Rating) last released its quarterly earnings data on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same period last year, the business earned $0.75 earnings per share. Research analysts expect that Cisco Systems, Inc. will post 3.1 EPS for the current fiscal year.

Cisco Systems announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 16th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts have recently weighed in on CSCO shares. Wells Fargo & Company decreased their price target on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, May 19th. Piper Sandler reduced their price objective on Cisco Systems from $57.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, May 19th. Morgan Stanley reduced their price objective on Cisco Systems from $59.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, May 19th. JPMorgan Chase & Co. reduced their price objective on Cisco Systems from $67.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Cisco Systems from $59.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $55.27.

Cisco Systems Profile (Get Rating)

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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