Voya Financial Advisors Inc. Has $418,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Voya Financial Advisors Inc. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,876 shares of the network equipment provider’s stock after purchasing an additional 783 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Cisco Systems were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Worldquant Millennium Advisors LLC acquired a new position in Cisco Systems during the 3rd quarter valued at about $56,761,000. Wahed Invest LLC raised its stake in shares of Cisco Systems by 7.7% during the third quarter. Wahed Invest LLC now owns 97,844 shares of the network equipment provider’s stock worth $5,207,000 after buying an additional 6,973 shares during the last quarter. Weaver Consulting Group lifted its holdings in Cisco Systems by 6.8% in the third quarter. Weaver Consulting Group now owns 9,841 shares of the network equipment provider’s stock valued at $524,000 after buying an additional 629 shares during the period. Two Sigma Advisers LP grew its holdings in Cisco Systems by 327.5% during the 3rd quarter. Two Sigma Advisers LP now owns 6,819,000 shares of the network equipment provider’s stock worth $362,907,000 after acquiring an additional 5,223,800 shares during the period. Finally, Taika Capital LP bought a new stake in shares of Cisco Systems during the 3rd quarter valued at $730,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares in the company, valued at approximately $2,258,974.53. This represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,328 shares of Cisco Systems stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares of the company’s stock, valued at $6,501,957.20. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,860 shares of company stock valued at $20,231,558. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $55.00 to $66.00 in a report on Monday, November 11th. Bank of America lifted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley upped their target price on shares of Cisco Systems from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $58.00 in a report on Friday, August 16th. Finally, Hsbc Global Res raised Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Cisco Systems Trading Down 0.2 %

Shares of Cisco Systems stock opened at $59.89 on Friday. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $60.23. The stock has a market cap of $238.53 billion, a PE ratio of 25.70, a PEG ratio of 4.43 and a beta of 0.85. The firm has a 50-day moving average of $56.40 and a 200-day moving average of $50.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, January 3rd. Cisco Systems’s dividend payout ratio is currently 68.67%.

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.