Twin Capital Management Inc. Has $5.52 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Twin Capital Management Inc. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,276 shares of the network equipment provider’s stock after selling 8,563 shares during the quarter. Cisco Systems accounts for 0.7% of Twin Capital Management Inc.’s investment portfolio, making the stock its 27th largest holding. Twin Capital Management Inc.’s holdings in Cisco Systems were worth $5,521,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CSCO. Moneta Group Investment Advisors LLC grew its holdings in Cisco Systems by 112,307.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after buying an additional 59,466,550 shares in the last quarter. Norges Bank bought a new stake in Cisco Systems during the fourth quarter worth $2,028,781,000. Morgan Stanley grew its holdings in Cisco Systems by 17.4% during the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after buying an additional 9,160,347 shares in the last quarter. Barclays PLC grew its holdings in Cisco Systems by 83.6% during the second quarter. Barclays PLC now owns 14,544,909 shares of the network equipment provider’s stock worth $752,554,000 after buying an additional 6,621,125 shares in the last quarter. Finally, State Street Corp grew its stake in Cisco Systems by 2.2% in the 1st quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock valued at $9,664,544,000 after purchasing an additional 4,061,022 shares during the period. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research note on Tuesday, April 9th. Citigroup assumed coverage on Cisco Systems in a research note on Friday, April 12th. They issued a “neutral” rating and a $52.00 price objective for the company. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a research note on Monday. Finally, UBS Group upped their price objective on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.03.

Cisco Systems Price Performance

CSCO traded up $0.22 during trading on Thursday, reaching $48.01. 5,236,443 shares of the company were exchanged, compared to its average volume of 19,384,512. The company’s 50-day moving average is $49.14 and its two-hundred day moving average is $50.31. The company has a market cap of $194.40 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.75 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cisco Systems, Inc. has a 12-month low of $45.56 and a 12-month high of $58.19.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.33%. Cisco Systems’s dividend payout ratio is 48.63%.

Insider Activity

In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by insiders.

Cisco Systems 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.