Smith Salley & Associates trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,248 shares of the network equipment provider’s stock after selling 1,223 shares during the period. Cisco Systems comprises 2.6% of Smith Salley & Associates’ investment portfolio, making the stock its 5th biggest holding. Smith Salley & Associates’ holdings in Cisco Systems were worth $16,601,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CSCO. LFA Lugano Financial Advisors SA raised its stake in shares of Cisco Systems by 220,000.0% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 2,201 shares of the network equipment provider’s stock worth $107,000 after buying an additional 2,200 shares in the last quarter. Camarda Financial Advisors LLC raised its stake in shares of Cisco Systems by 546.3% during the 3rd quarter. Camarda Financial Advisors LLC now owns 2,585 shares of the network equipment provider’s stock worth $126,000 after buying an additional 2,185 shares in the last quarter. Shamrock Asset Management LLC raised its stake in shares of Cisco Systems by 3,623.0% during the 3rd quarter. Shamrock Asset Management LLC now owns 3,723 shares of the network equipment provider’s stock worth $181,000 after buying an additional 3,623 shares in the last quarter. Landaas & Co. WI ADV purchased a new position in shares of Cisco Systems during the 2nd quarter worth approximately $184,000. Finally, McAdam LLC raised its stake in shares of Cisco Systems by 1,374.4% during the 3rd quarter. McAdam LLC now owns 3,863 shares of the network equipment provider’s stock worth $189,000 after buying an additional 3,601 shares in the last quarter. 70.62% of the stock is owned by institutional investors and hedge funds.

In other Cisco Systems news, SVP Prat Bhatt sold 33,950 shares of the stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $44.86, for a total transaction of $1,522,997.00. Following the sale, the senior vice president now owns 90,207 shares in the company, valued at approximately $4,046,686.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Irving Tan sold 28,000 shares of the stock in a transaction on Monday, December 3rd. The shares were 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 approximately $9,146,150.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,067 shares of company stock worth $7,804,662. 0.03% of the stock is owned by insiders.

Shares of NASDAQ:CSCO opened at $47.19 on Monday. The firm has a market cap of $227.34 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 2.76 and a beta of 1.16. 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, Inc. has a one year low of $38.23 and a one year high of $49.47.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Friday, January 4th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, January 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

Several research firms recently weighed in on CSCO. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Deutsche Bank raised their price objective on Cisco Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. Credit Suisse Group raised their price objective on Cisco Systems from $43.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, November 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Thursday, November 15th. Finally, Loop Capital raised Cisco Systems from a “hold” rating to a “positive” rating and set a $45.00 price objective for the company in a research note on Thursday, November 15th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $51.05.

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Cisco Systems 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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