Cisco Systems, Inc. (NASDAQ:CSCO) is Dean Investment Associates LLC’s 5th Largest Position

Dean Investment Associates LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,261 shares of the network equipment provider’s stock after purchasing an additional 335 shares during the period. Cisco Systems makes up 1.2% of Dean Investment Associates LLC’s holdings, making the stock its 5th biggest position. Dean Investment Associates LLC’s holdings in Cisco Systems were worth $6,115,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSCO. Norges Bank purchased a new position in Cisco Systems in the fourth quarter valued at $2,026,921,000. Dodge & Cox increased its stake in shares of Cisco Systems by 27.3% during the fourth quarter. Dodge & Cox now owns 38,592,574 shares of the network equipment provider’s stock worth $1,727,018,000 after purchasing an additional 8,276,836 shares in the last quarter. BlackRock Inc. increased its stake in shares of Cisco Systems by 2.0% during the fourth quarter. BlackRock Inc. now owns 327,697,698 shares of the network equipment provider’s stock worth $14,664,472,000 after purchasing an additional 6,274,151 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Cisco Systems by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,461,276 shares of the network equipment provider’s stock worth $1,721,142,000 after purchasing an additional 3,778,044 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Cisco Systems by 55,150.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,708,433 shares of the network equipment provider’s stock worth $165,952,000 after purchasing an additional 3,701,721 shares in the last quarter. 70.62% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, Director M Michele Burns sold 13,982 shares of the stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $51.55, for a total value of $720,772.10. Following the sale, the director now directly owns 70,468 shares of the company’s stock, valued at approximately $3,632,625.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maria Martinez sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $46.66, for a total transaction of $279,960.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,479 shares of company stock worth $1,393,294. Insiders own 0.02% of the company’s stock.

Shares of CSCO opened at $52.90 on Friday. Cisco Systems, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $54.14. The firm’s 50 day moving average price is $51.98 and its 200 day moving average price is $46.30. The company has a market cap of $223.33 billion, a P/E ratio of 21.50, a PEG ratio of 2.54 and a beta of 0.95. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.25.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Tuesday, February 9th. The network equipment provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.03. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.92 billion. During the same period in the prior year, the firm earned $0.77 EPS. Research analysts forecast that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

CSCO has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Cisco Systems from $54.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, April 22nd. Wolfe Research upgraded shares of Cisco Systems from a “peer perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Thursday, April 22nd. The Goldman Sachs Group upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $59.00 in a research report on Wednesday, March 31st. Citigroup boosted their price target on shares of Cisco Systems from $45.00 to $50.00 in a research report on Wednesday, February 10th. Finally, Raymond James boosted their price target on shares of Cisco Systems from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $51.90.

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. 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.

Further Reading: Fundamental Analysis and Individual Investors

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

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