Thompson Rubinstein Investment Management Inc. OR trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,475 shares of the network equipment provider’s stock after selling 3,800 shares during the period. Thompson Rubinstein Investment Management Inc. OR’s holdings in Cisco Systems were worth $3,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Southeast Asset Advisors Inc. grew its position in Cisco Systems by 0.5% during the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 44 shares during the last quarter. Farmers National Bank grew its position in Cisco Systems by 1.3% during the 1st quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock worth $201,000 after acquiring an additional 83 shares during the last quarter. Financial Advisory Service Inc. grew its position in Cisco Systems by 0.8% during the 1st quarter. Financial Advisory Service Inc. now owns 13,610 shares of the network equipment provider’s stock worth $460,000 after acquiring an additional 114 shares during the last quarter. Commonwealth Financial Services LLC grew its position in Cisco Systems by 1.2% during the 1st quarter. Commonwealth Financial Services LLC now owns 10,265 shares of the network equipment provider’s stock worth $339,000 after acquiring an additional 118 shares during the last quarter. Finally, NEXT Financial Group Inc grew its position in Cisco Systems by 0.3% during the 1st quarter. NEXT Financial Group Inc now owns 43,598 shares of the network equipment provider’s stock worth $1,485,000 after acquiring an additional 126 shares during the last quarter. 75.37% of the stock is currently owned by institutional investors.

Cisco Systems, Inc. (CSCO) traded up 0.478% during mid-day trading on Monday, reaching $32.595. The company’s stock had a trading volume of 7,664,602 shares. The stock has a 50-day moving average price of $31.66 and a 200-day moving average price of $32.46. The company has a market capitalization of $161.41 billion, a price-to-earnings ratio of 17.155 and a beta of 1.19. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60.

Cisco Systems (NASDAQ:CSCO) last issued 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. The company had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The company 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 dividend on an annualized basis and a yield of 3.58%. Cisco Systems’s dividend payout ratio (DPR) is 60.73%.

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Several equities analysts recently issued reports on the company. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price target on the stock. in a research report on Wednesday, September 13th. Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a research report on Monday, September 11th. KeyCorp restated a “buy” rating on shares of Cisco Systems in a research report on Friday, September 8th. Deutsche Bank AG restated a “buy” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Wednesday, September 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.57.

In related news, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the completion of the transaction, the insider now owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. Insiders sold a total of 420,138 shares of company stock valued at $13,239,624 in the last 90 days. 0.11% of the stock is currently owned by company 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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