BTR Capital Management Inc. lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 27.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,918 shares of the network equipment provider’s stock after purchasing an additional 3,200 shares during the quarter. BTR Capital Management Inc.’s holdings in Cisco Systems were worth $588,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hoey Investments Inc. acquired a new position in shares of Cisco Systems during the second quarter worth approximately $26,000. FNY Investment Advisers LLC raised its position in Cisco Systems by 79,900.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock valued at $31,000 after buying an additional 799 shares during the last quarter. Emerald Advisers LLC purchased a new stake in Cisco Systems in the 2nd quarter valued at $38,000. Larson Financial Group LLC raised its position in Cisco Systems by 61.1% in the 2nd quarter. Larson Financial Group LLC now owns 939 shares of the network equipment provider’s stock valued at $44,000 after buying an additional 356 shares during the last quarter. Finally, Ovata Capital Management Ltd purchased a new stake in Cisco Systems in the 2nd quarter valued at $44,000. 71.28% of the stock is currently owned by institutional investors.

In other Cisco Systems news, EVP Irving Tan sold 4,141 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $42.08, for a total value of $174,253.28. Following the sale, the executive vice president now owns 125,860 shares of the company’s stock, valued at approximately $5,296,188.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly A. Kramer sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $42.01, for a total value of $1,890,450.00. In the last 90 days, insiders sold 60,166 shares of company stock valued at $2,528,248. 0.03% of the stock is owned by corporate insiders.

A number of research firms recently commented on CSCO. Barclays lowered Cisco Systems to a “hold” rating in a research report on Thursday, July 9th. Morgan Stanley reissued a “buy” rating and issued a $54.00 price target on shares of Cisco Systems in a research report on Thursday, August 13th. Credit Suisse Group increased their price target on Cisco Systems from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. William Blair restated a “market perform” rating on shares of Cisco Systems in a research note on Thursday, August 13th. Finally, ValuEngine downgraded Cisco Systems from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $47.45.

CSCO stock opened at $40.16 on Friday. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $50.28. The stock has a fifty day moving average of $39.95 and a 200-day moving average of $43.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 1.72. The company has a market capitalization of $170.01 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.16 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.74 by $0.06. Cisco Systems had a return on equity of 34.75% and a net margin of 22.75%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter last year, the company earned $0.83 EPS. Equities analysts predict that Cisco Systems, Inc. will post 2.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be paid a $0.36 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.44 annualized dividend and a yield of 3.59%. Cisco Systems’s dividend payout ratio is currently 49.32%.

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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