Perpetual Ltd raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,589 shares of the network equipment provider’s stock after buying an additional 4,700 shares during the quarter. Perpetual Ltd’s holdings in Cisco Systems were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. Barnett & Company Inc. boosted its position 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 acquiring an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC boosted its position in shares of Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after acquiring an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $104,000. Grove Bank & Trust boosted its position in shares of Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Cisco Systems by 10.7% during the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after acquiring an additional 350 shares during the last quarter. 75.78% of the stock is owned by institutional investors and hedge funds.

In other news, Director Roderick C. Mcgeary sold 15,230 shares of Cisco Systems stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.00, for a total transaction of $578,740.00. Following the completion of the sale, the director now directly owns 113,154 shares in the company, valued at $4,299,852. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of Cisco Systems stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at $3,254,324.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 338,622 shares of company stock valued at $12,117,914. Corporate insiders own 0.05% of the company’s stock.

A number of research analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Thursday. Robert W. Baird reiterated a “buy” rating and set a $41.00 target price on shares of Cisco Systems in a research report on Tuesday, December 5th. Vetr downgraded Cisco Systems from a “hold” rating to a “sell” rating and set a $35.93 target price for the company. in a research report on Wednesday, November 29th. Sanford C. Bernstein reiterated a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Monday, November 27th. Finally, Argus increased their target price on Cisco Systems from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $37.10.

Shares of Cisco Systems, Inc. (CSCO) opened at $38.19 on Friday. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.37. The firm has a market capitalization of $187,363.28, a price-to-earnings ratio of 17.47, a PEG ratio of 3.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Cisco Systems had a return on equity of 16.64% and a net margin of 20.26%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The firm also recently announced 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 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%.

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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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