Jafra Capital Management LP trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 60.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the network equipment provider’s stock after selling 151,175 shares during the quarter. Cisco Systems accounts for approximately 1.5% of Jafra Capital Management LP’s investment portfolio, making the stock its 16th largest holding. Jafra Capital Management LP’s holdings in Cisco Systems were worth $4,303,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CSCO. JJJ Advisors Inc. purchased a new position in Cisco Systems in the second quarter valued at about $110,000. Legacy Advisors LLC grew its stake in Cisco Systems by 597.6% in the second quarter. Legacy Advisors LLC now owns 3,432 shares of the network equipment provider’s stock valued at $148,000 after purchasing an additional 2,940 shares during the last quarter. Cerebellum GP LLC purchased a new position in Cisco Systems in the second quarter valued at about $174,000. Landaas & Co. WI ADV purchased a new position in Cisco Systems in the second quarter valued at about $184,000. Finally, Amussen Hunsaker Associates LLC purchased a new position in Cisco Systems in the first quarter valued at about $196,000. Institutional investors and hedge funds own 69.52% of the company’s stock.

In related news, SVP Irving Tan sold 28,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $48.43, for a total value of $1,356,040.00. Following the sale, the senior vice president now owns 188,853 shares in the company, valued at $9,146,150.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $3,304,000.00. Following the completion of the sale, the chief financial officer now owns 720,930 shares in the company, valued at approximately $34,027,896. The disclosure for this sale can be found here. In the last quarter, insiders sold 586,943 shares of company stock worth $27,718,423. 0.03% of the stock is owned by insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, October 3rd. Piper Jaffray Companies set a $53.00 target price on Cisco Systems and gave the company an “overweight” rating in a research note on Monday, October 1st. UBS Group set a $56.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Wednesday, September 26th. Morgan Stanley lifted their target price on Cisco Systems from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, September 4th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $53.00 target price on shares of Cisco Systems in a research note on Thursday, November 29th. Seven 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. The stock currently has an average rating of “Buy” and a consensus target price of $50.26.

Shares of NASDAQ CSCO opened at $48.39 on Friday. The company has a market capitalization of $228.11 billion, a P/E ratio of 18.86, a PEG ratio of 2.77 and a beta of 1.15. Cisco Systems, Inc. has a 52 week low of $37.26 and a 52 week high of $49.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. Cisco Systems’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts predict that Cisco Systems, Inc. will post 2.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Friday, January 4th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. Cisco Systems’s dividend payout ratio is currently 56.41%.

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Cisco Systems Company Profile

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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