Steward Partners Investment Advisory LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 192,473 shares of the network equipment provider’s stock after purchasing an additional 50,111 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Cisco Systems were worth $8,282,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CSCO. Cetera Advisors LLC increased its stake in shares of Cisco Systems by 1.4% during the first quarter. Cetera Advisors LLC now owns 78,073 shares of the network equipment provider’s stock worth $3,350,000 after acquiring an additional 1,106 shares during the period. Stellar Capital Management LLC increased its stake in shares of Cisco Systems by 3.4% during the first quarter. Stellar Capital Management LLC now owns 33,236 shares of the network equipment provider’s stock worth $1,426,000 after acquiring an additional 1,107 shares during the period. FCG Advisors LLC increased its stake in shares of Cisco Systems by 7.9% during the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock worth $668,000 after acquiring an additional 1,140 shares during the period. Neumann Capital Management LLC grew its position in Cisco Systems by 6.8% during the first quarter. Neumann Capital Management LLC now owns 18,437 shares of the network equipment provider’s stock worth $791,000 after buying an additional 1,167 shares during the period. Finally, Ballast Inc. grew its position in Cisco Systems by 6.6% during the first quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock worth $807,000 after buying an additional 1,172 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Piper Jaffray Companies set a $53.00 price target on shares of Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 16th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $47.00 price target on shares of Cisco Systems in a report on Monday, August 20th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems currently has an average rating of “Buy” and an average target price of $48.76.

In other news, EVP David Goeckeler sold 63,050 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $47.57, for a total value of $2,999,288.50. Following the transaction, the executive vice president now directly owns 547,019 shares in the company, valued at approximately $26,021,693.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Chandler sold 31,842 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 450,620 shares of company stock worth $21,322,282. Insiders own 0.05% of the company’s stock.

CSCO traded up $1.59 during trading hours on Friday, reaching $45.71. 35,315,760 shares of the stock traded hands, compared to its average volume of 24,004,289. The firm has a market cap of $234.37 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.87 and a beta of 1.07. Cisco Systems, Inc. has a fifty-two week low of $33.32 and a fifty-two week high of $49.47. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.47.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 4th. Cisco Systems’s dividend payout ratio is currently 56.41%.

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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