Kentucky Retirement Systems bought a new position in shares of Cisco Systems Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 427,716 shares of the network equipment provider’s stock, valued at approximately $12,271,000. Cisco Systems comprises 0.8% of Kentucky Retirement Systems’ investment portfolio, making the stock its 26th largest position.

A number of other large investors have also recently modified their holdings of CSCO. Mercer Capital Advisers Inc. raised its stake in shares of Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock worth $137,000 after buying an additional 35 shares during the period. Pinnacle Holdings LLC raised its position in Cisco Systems by 0.5% in the first quarter. Pinnacle Holdings LLC now owns 16,009 shares of the network equipment provider’s stock valued at $456,000 after buying an additional 81 shares during the last quarter. Moody Lynn & Lieberson LLC raised its position in Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock valued at $399,000 after buying an additional 83 shares during the last quarter. Crawford Investment Counsel Inc. raised its position in Cisco Systems by 1.1% in the second quarter. Crawford Investment Counsel Inc. now owns 8,601 shares of the network equipment provider’s stock valued at $247,000 after buying an additional 95 shares during the last quarter. Finally, Hayek Kallen Investment Management raised its position in Cisco Systems by 1.4% in the second quarter. Hayek Kallen Investment Management now owns 7,206 shares of the network equipment provider’s stock valued at $207,000 after buying an additional 100 shares during the last quarter. 75.12% 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) traded up 0.43% on Friday, hitting $30.18. The company had a trading volume of 38,748,563 shares. Cisco Systems Inc. has a 12 month low of $22.46 and a 12 month high of $31.95. The stock has a market cap of $151.71 billion, a PE ratio of 14.44 and a beta of 1.42. The company has a 50-day moving average of $30.79 and a 200 day moving average of $29.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. The firm earned $12.35 billion during the quarter, compared to analysts’ expectations of $12.34 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Cisco Systems’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts anticipate that Cisco Systems Inc. will post $2.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Monday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is 49.52%.

CSCO has been the topic of several research analyst reports. Barclays PLC boosted their target price on Cisco Systems from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 15th. Drexel Hamilton restated a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Tuesday, August 16th. Wells Fargo & Co. restated an “outperform” rating and set a $36.50 target price (up from $34.00) on shares of Cisco Systems in a research note on Monday, September 19th. Jefferies Group restated a “buy” rating and set a $35.00 target price on shares of Cisco Systems in a research note on Monday, August 29th. Finally, Credit Suisse Group AG restated a “sell” rating and set a $24.00 target price on shares of Cisco Systems in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $32.57.

In other news, SVP Mark D. Chandler sold 25,024 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $30.44, for a total value of $761,730.56. Following the completion of the transaction, the senior vice president now directly owns 229,905 shares in the company, valued at $6,998,308.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark D. Chandler sold 62,910 shares of the stock in a transaction that occurred 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 $9,000,119.20. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company 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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