Willingdon Wealth Management increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 193.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,262 shares of the network equipment provider’s stock after buying an additional 103,667 shares during the quarter. Cisco Systems makes up 1.9% of Willingdon Wealth Management’s holdings, making the stock its 12th biggest position. Willingdon Wealth Management’s holdings in Cisco Systems were worth $5,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSCO. Financial & Investment Management Group Ltd. acquired a new stake in Cisco Systems during the 2nd quarter valued at $204,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Cisco Systems by 5.1% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 28,911 shares of the network equipment provider’s stock valued at $905,000 after purchasing an additional 1,400 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in Cisco Systems by 513.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 822,336 shares of the network equipment provider’s stock valued at $25,739,000 after purchasing an additional 688,321 shares during the last quarter. Ledyard National Bank lifted its holdings in Cisco Systems by 2.0% during the 2nd quarter. Ledyard National Bank now owns 372,595 shares of the network equipment provider’s stock valued at $11,663,000 after purchasing an additional 7,220 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in Cisco Systems by 13.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 113,350 shares of the network equipment provider’s stock valued at $3,548,000 after purchasing an additional 13,104 shares during the last quarter. 75.64% of the stock is owned by institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $40.93 on Monday. Cisco Systems, Inc. has a twelve month low of $30.36 and a twelve month high of $42.98. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $202,342.45, a price-to-earnings ratio of 18.86, a PEG ratio of 3.69 and a beta of 1.23.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 EPS for the quarter, topping the Zacks’ 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 company had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $0.61 earnings per share. Cisco Systems’s revenue was down 1.7% on a year-over-year basis. research analysts forecast that Cisco Systems, Inc. will post 2.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, January 4th. Cisco Systems’s payout ratio is currently 60.10%.

In related news, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the transaction, the senior vice president now owns 257,476 shares in the company, valued at $9,892,227.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total value of $211,131.14. Following the completion of the transaction, the senior vice president now owns 176,418 shares in the company, valued at approximately $6,437,492.82. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last 90 days. 0.05% of the stock is owned by company insiders.

Several brokerages have issued reports on CSCO. Loop Capital began coverage on Cisco Systems in a report on Monday, January 29th. They set a “hold” rating and a $45.00 price target for the company. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $44.13 price target for the company in a report on Tuesday, January 30th. Zacks Investment Research raised Cisco Systems from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, January 31st. ValuEngine raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $43.00 price target (up previously from $39.00) on shares of Cisco Systems in a report on Friday, January 19th. Twelve research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems presently has an average rating of “Buy” and an average price target of $39.26.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2018/02/05/cisco-systems-inc-csco-stake-raised-by-willingdon-wealth-management.html.

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).

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.