Clarkston Capital Partners LLC boosted its position in shares of Cisco Systems Inc. (NASDAQ:CSCO) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 884,660 shares of the network equipment provider’s stock after buying an additional 60,390 shares during the period. Clarkston Capital Partners LLC’s holdings in Cisco Systems were worth $25,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jolley Asset Management LLC raised its stake in shares of Cisco Systems by 0.4% in the second quarter. Jolley Asset Management LLC now owns 138,191 shares of the network equipment provider’s stock valued at $3,965,000 after buying an additional 516 shares during the period. Keystone Financial Planning Inc. raised its stake in shares of Cisco Systems by 29.4% in the second quarter. Keystone Financial Planning Inc. now owns 187,028 shares of the network equipment provider’s stock valued at $5,366,000 after buying an additional 42,549 shares during the period. TIAA CREF Trust Co. FSB MO raised its stake in shares of Cisco Systems by 7.2% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 140,139 shares of the network equipment provider’s stock valued at $4,021,000 after buying an additional 9,393 shares during the period. 1st Global Advisors Inc. raised its stake in shares of Cisco Systems by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 119,747 shares of the network equipment provider’s stock valued at $3,436,000 after buying an additional 486 shares during the period. Finally, Capital Planning Advisors LLC raised its stake in shares of Cisco Systems by 3.8% in the second quarter. Capital Planning Advisors LLC now owns 38,642 shares of the network equipment provider’s stock valued at $1,109,000 after buying an additional 1,415 shares during the period. 75.00% of the stock is owned by institutional investors.

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

Cisco Systems Inc. (NASDAQ:CSCO) traded down 2.26% during midday trading on Wednesday, hitting $30.34. 36,898,336 shares of the company traded hands. Cisco Systems Inc. has a 12-month low of $22.46 and a 12-month high of $31.95. The stock has a 50 day moving average price of $31.37 and a 200-day moving average price of $29.48. The company has a market cap of $152.14 billion, a PE ratio of 14.38 and a beta of 1.49.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.04 annualized dividend and a dividend yield of 3.43%. Cisco Systems’s payout ratio is 49.06%.

Several analysts have recently issued reports on CSCO shares. Credit Suisse Group AG reiterated a “sell” rating on shares of Cisco Systems in a research report on Thursday, June 16th. Morgan Stanley restated a “hold” rating and set a $28.00 price target on shares of Cisco Systems in a research report on Monday, July 18th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, August 18th. Argus boosted their price target on shares of Cisco Systems from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. Finally, Drexel Hamilton restated a “buy” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and a consensus price target of $32.50.

In related news, SVP Mark D. Chandler sold 25,024 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $30.44, for a total value of $761,730.56. Following the completion of the sale, the senior vice president now owns 229,905 shares of the company’s stock, valued at approximately $6,998,308.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carol Bartz sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $31.25, for a total value of $468,750.00. Following the completion of the sale, the director now directly owns 23,104 shares of the company’s stock, valued at approximately $722,000. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

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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