Milestone Group Inc. lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,015 shares of the network equipment provider’s stock after selling 3,000 shares during the quarter. Milestone Group Inc.’s holdings in Cisco Systems were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HC Financial Advisors Inc. bought a new stake in Cisco Systems during the fourth quarter worth approximately $1,244,000. Financial Gravity Wealth Inc. bought a new stake in Cisco Systems during the first quarter worth approximately $502,000. Strategic Wealth Advisors Group LLC boosted its holdings in Cisco Systems by 82.4% during the first quarter. Strategic Wealth Advisors Group LLC now owns 178,818 shares of the network equipment provider’s stock worth $7,669,000 after buying an additional 80,802 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Cisco Systems during the first quarter worth approximately $358,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Cisco Systems by 134.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 156,804 shares of the network equipment provider’s stock worth $6,725,000 after buying an additional 89,855 shares in the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Cisco Systems news, Chairman Charles Robbins sold 217,420 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $47.28, for a total value of $10,279,617.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $3,304,000.00. Following the completion of the sale, the chief financial officer now owns 720,930 shares of the company’s stock, valued at approximately $34,027,896. The disclosure for this sale can be found here. In the last 90 days, insiders sold 450,620 shares of company stock valued at $21,322,282. 0.03% of the stock is owned by insiders.

Shares of NASDAQ:CSCO opened at $47.11 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 2.22. The company has a market capitalization of $230.76 billion, a P/E ratio of 20.13, a PEG ratio of 2.83 and a beta of 1.11. Cisco Systems, Inc. has a 52 week low of $33.67 and a 52 week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 2.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Friday, October 5th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.80%. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

A number of analysts recently weighed in on CSCO shares. Zacks Investment Research upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, July 17th. JPMorgan Chase & Co. set a $59.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a report on Thursday, August 16th. Morgan Stanley reduced their target price on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, July 19th. Piper Jaffray Companies set a $50.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a report on Tuesday, September 11th. Finally, BidaskClub upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Eight investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.76.

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About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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