Navellier & Associates Inc grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,289 shares of the network equipment provider’s stock after buying an additional 1,071 shares during the quarter. Navellier & Associates Inc’s holdings in Cisco Systems were worth $2,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSCO. Southeast Asset Advisors Inc. boosted its stake in shares of Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Opes Advisors Inc boosted its stake in shares of Cisco Systems by 0.6% in the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares during the period. Leisure Capital Management boosted its stake in shares of Cisco Systems by 0.6% in the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares during the period. Ronald Blue & Co. LLC raised its holdings in Cisco Systems by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares in the last quarter. Finally, Banced Corp raised its holdings in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.

In other news, CAO Prat Bhatt sold 2,606 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the completion of the transaction, the chief accounting officer now owns 89,184 shares in the company, valued at approximately $3,254,324.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were 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. In the last 90 days, insiders have sold 338,622 shares of company stock valued at $12,117,914. Insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $38.19 on Friday. Cisco Systems, Inc. has a 12-month low of $29.80 and a 12-month high of $38.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The stock has a market cap of $187,363.28, a PE ratio of 17.47, a P/E/G ratio of 3.43 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. equities analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.04%. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

CSCO has been the topic of several recent analyst reports. Vetr cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price target on the stock. in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a report on Monday, September 11th. KeyCorp reaffirmed a “buy” rating on shares of Cisco Systems in a report on Friday, September 8th. Deutsche Bank reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a report on Wednesday, September 6th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.10.

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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).

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

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