First American Trust FSB maintained its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,221 shares of the network equipment provider’s stock at the close of the second quarter. First American Trust FSB’s holdings in Cisco Systems were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Watermark Asset Management Inc. acquired a new position in Cisco Systems during the first quarter worth about $122,000. Financial Management Professionals Inc. grew its position in Cisco Systems by 17.7% during 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 during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Cisco Systems by 15.0% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after buying an additional 560 shares during the period. Riggs Asset Managment Co. Inc. grew its position in Cisco Systems by 23.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after buying an additional 823 shares during the period. Finally, Thompson Davis & CO. Inc. grew its position in Cisco Systems by 14.3% during the first quarter. Thompson Davis & CO. Inc. now owns 4,441 shares of the network equipment provider’s stock worth $150,000 after buying an additional 555 shares during the period. Institutional investors own 74.70% of the company’s stock.

CSCO has been the topic of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Friday, May 19th. Citigroup Inc. set a $36.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research report on Friday, May 19th. Deutsche Bank AG set a $40.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research report on Friday, May 19th. Vetr lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $35.13 price target on the stock. in a research report on Monday, May 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Tuesday, May 23rd. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.57.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.78% on Friday, reaching $32.44. 29,336,087 shares of the company’s stock traded hands. The firm has a market capitalization of $160.64 billion, a P/E ratio of 17.07 and a beta of 1.19. The company’s 50-day moving average is $31.66 and its 200-day moving average is $32.46. 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 earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 60.73%.

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In related news, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the transaction, the chief executive officer now owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders have sold 420,138 shares of company stock worth $13,239,624 in the last ninety days. 0.11% of the stock is currently 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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