S&CO Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,682 shares of the network equipment provider’s stock after acquiring an additional 3,430 shares during the period. S&CO Inc.’s holdings in Cisco Systems were worth $6,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. River Wealth Advisors LLC lifted its stake in shares of Cisco Systems by 7.7% during the 2nd quarter. River Wealth Advisors LLC now owns 14,341 shares of the network equipment provider’s stock valued at $449,000 after buying an additional 1,022 shares in the last quarter. Barnett & Company Inc. lifted its stake in shares of Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Cisco Systems by 38.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 366,531 shares of the network equipment provider’s stock valued at $11,473,000 after buying an additional 102,021 shares in the last quarter. Ironwood Investment Management LLC lifted its stake in shares of Cisco Systems by 5.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 14,751 shares of the network equipment provider’s stock valued at $462,000 after buying an additional 701 shares in the last quarter. Finally, Edge Wealth Management LLC lifted its stake in shares of Cisco Systems by 31.7% during the 2nd quarter. Edge Wealth Management LLC now owns 392,608 shares of the network equipment provider’s stock valued at $12,210,000 after buying an additional 94,498 shares in the last quarter. 75.32% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, insider John T. Chambers sold 250,000 shares of the business’s 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 completion of the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock valued at $15,347,574 in the last quarter. 0.11% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on CSCO shares. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price on the stock in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Credit Suisse Group restated an “outperform” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Monday, June 26th. Finally, Deutsche Bank AG restated a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.30.

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Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 34.25 on Friday. The stock has a market cap of $169.60 billion, a PE ratio of 18.03 and a beta of 1.21. The company’s 50-day moving average is $33.05 and its 200-day moving average is $32.35. 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 quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The company had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders 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 3.39%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.

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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