Carillon Tower Advisers Inc. trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 460,974 shares of the network equipment provider’s stock after selling 18,292 shares during the period. Carillon Tower Advisers Inc.’s holdings in Cisco Systems were worth $18,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. BlackRock Inc. boosted its stake in Cisco Systems by 1.1% during the first quarter. BlackRock Inc. now owns 339,004,547 shares of the network equipment provider’s stock worth $14,539,904,000 after buying an additional 3,630,488 shares during the period. Bank of New York Mellon Corp boosted its stake in Cisco Systems by 12.8% during the fourth quarter. Bank of New York Mellon Corp now owns 122,958,272 shares of the network equipment provider’s stock worth $4,709,302,000 after buying an additional 13,927,416 shares during the period. Geode Capital Management LLC boosted its stake in Cisco Systems by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 55,764,986 shares of the network equipment provider’s stock worth $2,131,581,000 after buying an additional 909,507 shares during the period. Boston Partners boosted its stake in Cisco Systems by 0.4% during the first quarter. Boston Partners now owns 33,948,505 shares of the network equipment provider’s stock worth $1,456,051,000 after buying an additional 149,272 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Cisco Systems by 0.6% during the fourth quarter. Lazard Asset Management LLC now owns 31,640,136 shares of the network equipment provider’s stock worth $1,211,815,000 after buying an additional 187,711 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.

In related news, EVP David Goeckeler sold 35,000 shares of Cisco Systems stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $43.27, for a total value of $1,514,450.00. Following the completion of the transaction, the executive vice president now owns 490,458 shares in the company, valued at $21,222,117.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by insiders.

Shares of Cisco Systems stock opened at $43.75 on Tuesday. Cisco Systems, Inc. has a 52-week low of $30.36 and a 52-week high of $46.37. The company has a quick ratio of 2.28, a current ratio of 2.34 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $210.91 billion, a P/E ratio of 20.35, a PEG ratio of 2.64 and a beta of 1.07.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 16th. The network equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Cisco Systems had a negative net margin of 2.61% and a positive return on equity of 19.48%. The company had revenue of $12.46 billion during the quarter, compared to the consensus estimate of $12.42 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. equities research analysts anticipate that Cisco Systems, Inc. will post 2.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 25th. Investors of record on Friday, July 6th were paid a $0.33 dividend. The ex-dividend date was Thursday, July 5th. This represents a $1.32 dividend on an annualized basis and a yield of 3.02%. Cisco Systems’s dividend payout ratio is currently 61.40%.

Several research analysts have weighed in on CSCO shares. BidaskClub lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 19th. Morgan Stanley lowered their target price on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, July 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Monday, June 11th. Zacks Investment Research lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Finally, Macquarie started coverage on shares of Cisco Systems in a research note on Monday, April 30th. They set an “outperform” rating for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.42.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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