Financial Management Professionals Inc. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,218 shares of the network equipment provider’s stock after buying an additional 635 shares during the period. Financial Management Professionals Inc.’s holdings in Cisco Systems were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Edmond DE Rothschild Monaco acquired a new position in Cisco Systems during the third quarter worth $111,000. Seven Eight Capital LP acquired a new position in Cisco Systems during the fourth quarter worth $112,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Cisco Systems during the fourth quarter worth $128,000. Jackson Grant Investment Advisers Inc. increased its position in Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock worth $128,000 after buying an additional 4,150 shares in the last quarter. Finally, Norway Savings Bank acquired a new position in Cisco Systems during the fourth quarter worth $136,000. Institutional investors and hedge funds own 76.13% of the company’s stock.

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

Shares of Cisco Systems, Inc. (CSCO) opened at 31.84 on Thursday. The company’s 50 day moving average is $32.44 and its 200-day moving average is $32.24. Cisco Systems, Inc. has a 1-year low of $27.13 and a 1-year high of $34.60. The company has a market capitalization of $159.20 billion, a P/E ratio of 16.16 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $11.94 billion during the quarter, compared to analyst estimates of $11.90 billion. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post $2.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 7th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.

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A number of research firms recently issued reports on CSCO. Deutsche Bank AG reiterated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, June 13th. Morgan Stanley set a $39.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Monday, May 29th. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Friday, May 26th. Drexel Hamilton reiterated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, May 23rd. Finally, Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $35.13 target price on the stock. in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $35.19.

In other Cisco Systems news, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the transaction, the senior vice president now owns 271,725 shares in the company, valued at approximately $8,616,399.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John T. Chambers sold 295,537 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by company insiders.

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).

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