Eqis Capital Management Inc. raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,350 shares of the network equipment provider’s stock after buying an additional 13,104 shares during the period. Eqis Capital Management Inc.’s holdings in Cisco Systems were worth $3,548,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CSCO. Southeast Asset Advisors Inc. lifted its position in shares of Cisco Systems by 0.5% during the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares during the last quarter. Banced Corp lifted its position in shares of Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after purchasing an additional 59 shares during the last quarter. Farmers National Bank lifted its position in shares of Cisco Systems by 1.3% during the first quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock worth $201,000 after purchasing an additional 83 shares during the last quarter. Grubman Wealth Management lifted its position in shares of Cisco Systems by 1.4% during the second quarter. Grubman Wealth Management now owns 7,100 shares of the network equipment provider’s stock worth $222,000 after purchasing an additional 100 shares during the last quarter. Finally, Weaver C. Barksdale & Associates Inc. lifted its position in shares of Cisco Systems by 0.3% during the second quarter. Weaver C. Barksdale & Associates Inc. now owns 42,475 shares of the network equipment provider’s stock worth $1,329,000 after purchasing an additional 110 shares during the last quarter. 75.38% of the stock is owned by institutional investors.

CSCO has been the topic of several research analyst reports. Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Monday, July 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price target on shares of Cisco Systems in a research report on Monday, September 11th. Finally, Wunderlich increased their price target on shares of Cisco Systems from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Fifteen research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems currently has an average rating of “Buy” and a consensus price target of $35.38.

Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.09% on Monday, hitting $33.72. 3,824,957 shares of the stock were exchanged. The stock has a market capitalization of $166.98 billion, a P/E ratio of 17.75 and a beta of 1.21. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The company has a 50 day moving average of $32.39 and a 200 day moving average of $32.37.

Cisco Systems (NASDAQ:CSCO) last announced its 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. 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 during the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.

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In related news, insider John T. Chambers sold 250,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the transaction, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Robbins sold 121,390 shares of the stock in a transaction on Wednesday, September 13th. The stock was 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 approximately $17,719,369.64. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 in the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

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).

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

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