Winslow Evans & Crocker Inc. lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,313 shares of the network equipment provider’s stock after purchasing an additional 4,559 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Cisco Systems were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. LVM Capital Management Ltd. MI increased its stake in shares of Cisco Systems by 1.7% during the second quarter. LVM Capital Management Ltd. MI now owns 445,568 shares of the network equipment provider’s stock worth $13,946,000 after purchasing an additional 7,509 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of Cisco Systems by 8.1% during the second quarter. OLD National Bancorp IN now owns 143,169 shares of the network equipment provider’s stock worth $4,482,000 after purchasing an additional 10,777 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Cisco Systems by 13.1% during the second quarter. Eqis Capital Management Inc. now owns 113,350 shares of the network equipment provider’s stock worth $3,548,000 after purchasing an additional 13,104 shares in the last quarter. Ledyard National Bank increased its stake in shares of Cisco Systems by 2.0% during the second quarter. Ledyard National Bank now owns 372,595 shares of the network equipment provider’s stock worth $11,663,000 after purchasing an additional 7,220 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Cisco Systems by 513.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 822,336 shares of the network equipment provider’s stock worth $25,739,000 after purchasing an additional 688,321 shares in the last quarter. 75.38% of the stock is owned by institutional investors and hedge funds.

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Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.015% during midday trading on Wednesday, hitting $33.545. 5,285,211 shares of the company’s stock were exchanged. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The stock’s 50 day moving average is $32.57 and its 200-day moving average is $32.34. The stock has a market cap of $22.04 billion, a PE ratio of 17.655 and a beta of 1.21.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. Analysts predict that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.46%. Cisco Systems’s dividend payout ratio is currently 60.73%.

CSCO has been the subject of a number of research reports. Instinet reissued a “neutral” rating and set a $29.00 target price on shares of Cisco Systems in a research note on Monday, July 3rd. J P Morgan Chase & Co restated a “neutral” rating on shares of Cisco Systems in a research report on Monday, June 26th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price target on the stock in a research report on Monday, July 17th. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, BMO Capital Markets restated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a research report on Thursday, September 28th. Fifteen investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $35.38.

In other news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred 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 sale, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of Cisco Systems 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 $821,954.28. Following the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 in the last quarter. Insiders own 0.11% of the company’s stock.

Cisco Systems 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).

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

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