Epoch Investment Partners Inc. Has $264.52 Million Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Epoch Investment Partners Inc. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 20.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,174,148 shares of the network equipment provider’s stock after purchasing an additional 702,045 shares during the period. Cisco Systems makes up 1.3% of Epoch Investment Partners Inc.’s holdings, making the stock its 6th biggest holding. Epoch Investment Partners Inc.’s holdings in Cisco Systems were worth $264,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in Cisco Systems by 7.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 710,770 shares of the network equipment provider’s stock worth $38,687,000 after purchasing an additional 50,150 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in Cisco Systems by 1.9% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 228,234 shares of the network equipment provider’s stock worth $12,422,000 after purchasing an additional 4,269 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in Cisco Systems by 4.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 438,784 shares of the network equipment provider’s stock worth $23,882,000 after purchasing an additional 20,174 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Cisco Systems by 9.3% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 579,448 shares of the network equipment provider’s stock worth $31,579,000 after purchasing an additional 49,224 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its holdings in Cisco Systems by 0.5% in the 3rd quarter. Banque Pictet & Cie SA now owns 98,569 shares of the network equipment provider’s stock worth $5,365,000 after purchasing an additional 456 shares in the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.

NASDAQ:CSCO traded down $6.98 on Thursday, hitting $41.38. The stock had a trading volume of 5,202,775 shares, compared to its average volume of 21,197,396. The business’s fifty day moving average is $52.63 and its 200 day moving average is $55.84. The company has a market cap of $171.90 billion, a PE ratio of 14.76, a P/E/G ratio of 2.43 and a beta of 0.99. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 0.23. Cisco Systems, Inc. has a 52 week low of $47.47 and a 52 week high of $64.29.

Cisco Systems (NASDAQ:CSCOGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. Cisco Systems had a return on equity of 30.95% and a net margin of 22.94%. During the same period last year, the company earned $0.75 EPS. Equities analysts predict that Cisco Systems, Inc. will post 3.1 earnings per share for the current fiscal year.

Cisco Systems announced that its Board of Directors has approved a share buyback plan on Wednesday, February 16th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to repurchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

CSCO has been the subject of a number of recent research reports. Cowen lowered their target price on Cisco Systems to $58.00 and set a “neutral” rating for the company in a report on Thursday. KGI Securities raised Cisco Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday. Citigroup decreased their price target on Cisco Systems from $45.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday. Morgan Stanley decreased their price target on Cisco Systems from $59.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Cisco Systems from $67.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.91.

In other news, CEO Charles Robbins sold 15,382 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $53.86, for a total value of $828,474.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Prat Bhatt sold 3,623 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $56.40, for a total value of $204,337.20. The disclosure for this sale can be found here. Insiders sold 20,605 shares of company stock worth $1,121,147 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

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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