WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST held its stake in shares of Cisco Systems Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,800,000 shares of the network equipment provider’s stock at the end of the second quarter. Cisco Systems accounts for 4.4% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s portfolio, making the stock its 13th largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned about 0.14% of Cisco Systems worth $195,092,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. boosted its position in Cisco Systems by 1.8% in the first quarter. Carroll Financial Associates Inc. now owns 67,139 shares of the network equipment provider’s stock valued at $1,911,000 after buying an additional 1,175 shares during the last quarter. Ronna Sue Cohen boosted its position in Cisco Systems by 6.0% in the first quarter. Ronna Sue Cohen now owns 117,402 shares of the network equipment provider’s stock valued at $3,342,000 after buying an additional 6,642 shares during the last quarter. Boston Advisors LLC boosted its position in Cisco Systems by 2.7% in the first quarter. Boston Advisors LLC now owns 641,312 shares of the network equipment provider’s stock valued at $18,258,000 after buying an additional 16,738 shares during the last quarter. Narwhal Capital Management boosted its position in Cisco Systems by 21.4% in the first quarter. Narwhal Capital Management now owns 131,515 shares of the network equipment provider’s stock valued at $3,744,000 after buying an additional 23,215 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Cisco Systems by 4.3% in the first quarter. GW&K Investment Management LLC now owns 886,921 shares of the network equipment provider’s stock valued at $25,251,000 after buying an additional 36,265 shares during the last quarter. 75.00% of the stock is owned by institutional investors and hedge funds.

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

Shares of Cisco Systems Inc. (NASDAQ:CSCO) remained flat at $31.47 during trading on Monday. The stock had a trading volume of 12,759,374 shares. Cisco Systems Inc. has a one year low of $22.46 and a one year high of $31.95. The stock has a 50-day moving average of $31.35 and a 200 day moving average of $29.47. The firm has a market cap of $157.80 billion, a P/E ratio of 14.91 and a beta of 1.48.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm earned $12.60 billion during the quarter, compared to analyst estimates of $12.57 billion. Cisco Systems had a net margin of 21.81% and a return on equity of 17.64%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Equities analysts expect that Cisco Systems Inc. will post $2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s dividend payout ratio is 49.06%.

Several research analysts recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Cisco Systems in a research note on Wednesday, October 5th. Vetr raised Cisco Systems from a “buy” rating to a “strong-buy” rating and set a $35.44 target price for the company in a research note on Monday, October 3rd. Bank of America Corp. reissued a “neutral” rating and set a $33.00 target price on shares of Cisco Systems in a research note on Monday, September 26th. RBC Capital Markets reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research report on Friday, September 23rd. Finally, Raymond James Financial Inc. upped their price objective on Cisco Systems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $32.50.

In other Cisco Systems news, SVP Mark D. Chandler sold 62,910 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $31.40, for a total transaction of $1,975,374.00. Following the completion of the transaction, the senior vice president now owns 286,628 shares of the company’s stock, valued at approximately $9,000,119.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mark D. Chandler sold 25,024 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $30.44, for a total transaction of $761,730.56. Following the transaction, the senior vice president now directly owns 229,905 shares of the company’s stock, valued at approximately $6,998,308.20. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About Cisco Systems

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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