Skylands Capital LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,200 shares of the network equipment provider’s stock after selling 1,400 shares during the period. Skylands Capital LLC’s holdings in Cisco Systems were worth $3,844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Orrstown Financial Services Inc. increased its stake in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 1,530 shares during the period. Lenox Wealth Management Inc. increased its stake in shares of Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock valued at $110,000 after buying an additional 995 shares during the period. Global X Management Co. LLC increased its stake in shares of Cisco Systems by 101.9% in the second quarter. Global X Management Co. LLC now owns 4,244 shares of the network equipment provider’s stock valued at $122,000 after buying an additional 2,142 shares during the period. Financial Management Professionals Inc. increased its stake in shares of Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock valued at $125,000 after buying an additional 896 shares during the period. Finally, West Oak Capital LLC increased its stake in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 651 shares during the period. 74.13% of the stock is owned by institutional investors and hedge funds.

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

Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.79% during mid-day trading on Friday, hitting $30.22. The company had a trading volume of 20,190,029 shares. The company has a 50-day moving average price of $30.29 and a 200 day moving average price of $30.43. The firm has a market capitalization of $151.70 billion, a P/E ratio of 14.46 and a beta of 1.38. Cisco Systems, Inc. has a 12 month low of $22.46 and a 12 month high of $31.95.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The company earned $12.35 billion during the quarter, compared to analysts’ expectations of $12.34 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Cisco Systems, Inc. will post $2.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Friday, January 6th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a yield of 3.44%. Cisco Systems’s dividend payout ratio is currently 49.52%.

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Several brokerages have weighed in on CSCO. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $32.71 price objective on the stock. in a research note on Monday, September 5th. RBC Capital Markets restated an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Sunday, September 4th. Deutsche Bank AG restated a “buy” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Tuesday, September 6th. Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research note on Friday, September 16th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $36.50 price objective (up from $34.00) on shares of Cisco Systems in a research note on Monday, September 19th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.77.

In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of Cisco Systems stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $30.41, for a total transaction of $54,525.13. Following the completion of the sale, the senior vice president now owns 183,275 shares of the company’s stock, valued at approximately $5,573,392.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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