Vontobel Swiss Wealth Advisors AG increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,014 shares of the network equipment provider’s stock after purchasing an additional 2,960 shares during the period. Cisco Systems makes up about 1.2% of Vontobel Swiss Wealth Advisors AG’s portfolio, making the stock its 27th biggest holding. Vontobel Swiss Wealth Advisors AG’s holdings in Cisco Systems were worth $1,910,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cue Financial Group Inc. lifted its holdings in Cisco Systems by 58.8% during the 2nd quarter. Cue Financial Group Inc. now owns 11,660 shares of the network equipment provider’s stock worth $365,000 after purchasing an additional 4,319 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in Cisco Systems by 1.3% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 31,147 shares of the network equipment provider’s stock worth $975,000 after purchasing an additional 385 shares during the last quarter. E&G Advisors LP lifted its holdings in Cisco Systems by 6.3% during the 2nd quarter. E&G Advisors LP now owns 25,185 shares of the network equipment provider’s stock worth $788,000 after purchasing an additional 1,500 shares during the last quarter. OLD Second National Bank of Aurora lifted its holdings in Cisco Systems by 0.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 88,676 shares of the network equipment provider’s stock worth $2,775,000 after purchasing an additional 318 shares during the last quarter. Finally, Argus Investors Counsel Inc. lifted its holdings in Cisco Systems by 8.1% during the 2nd quarter. Argus Investors Counsel Inc. now owns 137,788 shares of the network equipment provider’s stock worth $4,313,000 after purchasing an additional 10,343 shares during the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.78% during midday trading on Friday, hitting $32.44. The company had a trading volume of 29,336,087 shares. The company has a market capitalization of $160.64 billion, a P/E ratio of 17.07 and a beta of 1.19. The firm’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 posted its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (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 analysts’ expectations of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. Cisco Systems’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Equities research analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. Cisco Systems’s payout ratio is presently 60.73%.

In related news, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the sale, the chief executive officer now directly owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Karen Walker sold 23,110 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the sale, the senior vice president now directly owns 192,774 shares in the company, valued at $6,180,334.44. The disclosure for this sale can be found here. Insiders sold 420,138 shares of company stock worth $13,239,624 over the last three months. 0.11% of the stock is owned by insiders.

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Several analysts recently weighed in on CSCO shares. Citigroup Inc. set a $36.00 price target on Cisco Systems and gave the stock a “buy” rating in a report on Friday, May 19th. Instinet reissued a “neutral” rating and set a $29.00 price target (down from $30.00) on shares of Cisco Systems in a report on Friday, May 19th. Deutsche Bank AG set a $40.00 price target on Cisco Systems and gave the stock a “buy” rating in a report on Friday, May 19th. Pacific Crest reissued an “overweight” rating and set a $33.00 price target (down from $34.00) on shares of Cisco Systems in a report on Friday, May 19th. Finally, Wunderlich set a $30.00 price target on Cisco Systems and gave the stock a “hold” rating in a report on Friday, May 19th. Fourteen research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.57.

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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