KAMES CAPITAL plc decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,889,588 shares of the network equipment provider’s stock after selling 16,950 shares during the period. Cisco Systems makes up 2.5% of KAMES CAPITAL plc’s holdings, making the stock its 10th largest position. KAMES CAPITAL plc owned 0.06% of Cisco Systems worth $90,444,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSCO. Financial Management Professionals Inc. increased its position in shares of Cisco Systems by 17.7% in the 1st quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after buying an additional 635 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Cisco Systems in the 1st quarter valued at $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock valued at $145,000 after buying an additional 560 shares in the last quarter. Baystate Wealth Management LLC increased its position in shares of Cisco Systems by 24.5% in the 1st quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock valued at $146,000 after buying an additional 1,484 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in shares of Cisco Systems by 23.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock valued at $148,000 after buying an additional 823 shares in the last quarter. Institutional investors own 74.70% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) traded up 0.78% on Friday, reaching $32.44. 29,336,087 shares of the company were exchanged. The firm has a 50 day moving average price of $31.66 and a 200-day moving average price of $32.46. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The stock has a market capitalization of $160.64 billion, a PE ratio of 17.07 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, meeting the Zacks’ 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 net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

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

In related news, CEO Charles Robbins sold 121,390 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 552,694 shares in the company, valued at approximately $17,719,369.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the sale, the senior vice president now directly owns 192,774 shares in the company, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold a total of 420,138 shares of company stock worth $13,239,624 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

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A number of analysts recently commented on the stock. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a research report on Saturday, July 1st. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus set a $34.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research report on Friday, August 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Monday, May 22nd. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.57.

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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