DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 32.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,415 shares of the network equipment provider’s stock after buying an additional 39,155 shares during the period. Cisco Systems makes up 1.7% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 19th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Cisco Systems were worth $5,021,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Mount Vernon Associates Inc. MD increased its stake in Cisco Systems by 4.3% in the second quarter. Mount Vernon Associates Inc. MD now owns 47,525 shares of the network equipment provider’s stock valued at $1,488,000 after buying an additional 1,955 shares during the period. Manning & Napier Advisors LLC increased its stake in Cisco Systems by 18.0% in the second quarter. Manning & Napier Advisors LLC now owns 885,213 shares of the network equipment provider’s stock valued at $27,706,000 after buying an additional 135,348 shares during the period. Dubuque Bank & Trust Co. increased its stake in Cisco Systems by 4.6% in the second quarter. Dubuque Bank & Trust Co. now owns 331,603 shares of the network equipment provider’s stock valued at $10,379,000 after buying an additional 14,689 shares during the period. Patriot Wealth Management Inc. increased its stake in Cisco Systems by 3.2% in the second quarter. Patriot Wealth Management Inc. now owns 303,303 shares of the network equipment provider’s stock valued at $9,493,000 after buying an additional 9,397 shares during the period. Finally, Lynch & Associates IN increased its stake in Cisco Systems by 15.4% in the second quarter. Lynch & Associates IN now owns 101,139 shares of the network equipment provider’s stock valued at $3,166,000 after buying an additional 13,500 shares during the period. 75.28% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems, Inc. (CSCO) traded up 0.64% on Friday, hitting $31.44. 19,558,253 shares of the stock traded hands. The firm’s 50-day moving average price is $31.47 and its 200-day moving average price is $32.56. The stock has a market cap of $156.98 billion, a price-to-earnings ratio of 16.55 and a beta of 1.24. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

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Several analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Cisco Systems in a report on Sunday, August 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Cisco Systems in a report on Sunday, August 20th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of Cisco Systems in a report on Friday, August 18th. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a report on Saturday, August 19th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a report on Friday, August 18th. Fourteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.47.

In other news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karen Walker sold 7,802 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 350,642 shares of company stock worth $10,973,081. 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).

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

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