Prospera Financial Services Inc raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,428 shares of the network equipment provider’s stock after buying an additional 3,054 shares during the period. Prospera Financial Services Inc’s holdings in Cisco Systems were worth $603,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Cisco Systems by 1.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 684,341 shares of the network equipment provider’s stock valued at $21,420,000 after buying an additional 8,496 shares in the last quarter. Founders Capital Management increased its stake in shares of Cisco Systems by 5.7% in the second quarter. Founders Capital Management now owns 61,249 shares of the network equipment provider’s stock valued at $1,917,000 after buying an additional 3,287 shares in the last quarter. BTIM Corp. increased its stake in shares of Cisco Systems by 1.3% in the second quarter. BTIM Corp. now owns 1,507,442 shares of the network equipment provider’s stock valued at $47,183,000 after buying an additional 19,841 shares in the last quarter. Kessler Investment Group LLC increased its stake in shares of Cisco Systems by 7.6% in the second quarter. Kessler Investment Group LLC now owns 98,426 shares of the network equipment provider’s stock valued at $3,081,000 after buying an additional 6,986 shares in the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO increased its stake in shares of Cisco Systems by 1.2% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 650,799 shares of the network equipment provider’s stock valued at $20,371,000 after buying an additional 7,999 shares in the last quarter. 75.28% of the stock is currently owned by institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.330% during trading on Tuesday, hitting $31.945. 10,126,087 shares of the stock traded hands. The firm has a market capitalization of $159.73 billion, a price-to-earnings ratio of 16.216 and a beta of 1.24. The firm has a 50-day moving average of $31.53 and a 200-day moving average of $32.56. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.

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Several equities research analysts have recently issued reports on the company. Drexel Hamilton reaffirmed a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Cisco Systems in a research report on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Tuesday, August 8th. Robert W. Baird set a $38.00 price target on Cisco Systems and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $35.31.

In related news, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction 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 of the company’s stock, valued at $8,616,399.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction 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 transaction, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock valued at $12,503,407 in the last three months. 0.11% of the stock is owned by 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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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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