Adviser Investments LLC bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,614 shares of the network equipment provider’s stock, valued at approximately $5,091,000.

A number of other institutional investors have also recently made changes to their positions in CSCO. Seven Eight Capital LP purchased a new position in shares of Cisco Systems during the fourth quarter worth approximately $112,000. Financial Management Professionals Inc. increased its position in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Cisco Systems during the fourth quarter worth approximately $128,000. Jackson Grant Investment Advisers Inc. increased its position in shares of 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 raised its stake in shares of Cisco Systems by 8.3% in the first quarter. Norway Savings Bank now owns 4,858 shares of the network equipment provider’s stock worth $164,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.76% on Friday, reaching $31.80. The company had a trading volume of 16,926,421 shares. The company has a market capitalization of $159.00 billion, a PE ratio of 16.14 and a beta of 1.24. The company’s 50-day moving average is $31.58 and its 200-day moving average is $32.49. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The firm had revenue of $11.94 billion for the quarter, compared to analysts’ expectations of $11.90 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Cisco Systems’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts anticipate that Cisco Systems, Inc. will post $2.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s payout ratio is currently 58.29%.

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A number of brokerages have recently weighed in on CSCO. Robert W. Baird restated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 18th. Drexel Hamilton restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research note on Tuesday, May 23rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $36.00 price target on shares of Cisco Systems in a research note on Monday, June 26th. Jefferies Group LLC restated a “buy” rating and set a $37.00 price target on shares of Cisco Systems in a research note on Wednesday, April 26th. Finally, BidaskClub upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the stock. Cisco Systems has an average rating of “Buy” and an average price target of $35.31.

In other news, SVP Karen Walker sold 7,802 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total transaction of $244,124.58. Following the sale, the senior vice president now directly owns 178,577 shares in the company, valued at approximately $5,587,674.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John T. Chambers sold 295,537 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock worth $12,503,407 in the last 90 days. 0.11% of the stock is currently owned by insiders.

About Cisco Systems

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).

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

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