Miller Howard Investments Inc. NY decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,418,674 shares of the network equipment provider’s stock after selling 106,339 shares during the period. Cisco Systems comprises approximately 2.3% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 12th biggest holding. Miller Howard Investments Inc. NY’s holdings in Cisco Systems were worth $77,644,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Horan Securities Inc. boosted its stake in shares of Cisco Systems by 663.0% during the fourth quarter. Horan Securities Inc. now owns 763 shares of the network equipment provider’s stock valued at $33,000 after acquiring an additional 663 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in Cisco Systems during the second quarter worth about $33,000. Lowe Wealth Advisors LLC purchased a new position in Cisco Systems during the second quarter worth about $38,000. Highwater Wealth Management LLC purchased a new position in Cisco Systems during the fourth quarter worth about $51,000. Finally, Cohen & Steers Inc. purchased a new position in Cisco Systems during the fourth quarter worth about $51,000. 74.38% of the stock is currently owned by institutional investors.

Shares of Cisco Systems stock traded down $0.09 during trading hours on Friday, reaching $56.53. The stock had a trading volume of 15,241,319 shares, compared to its average volume of 18,735,730. The business’s 50 day simple moving average is $56.51. The firm has a market capitalization of $241.99 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.64. Cisco Systems, Inc. has a 1 year low of $40.25 and a 1 year high of $58.26.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The company had revenue of $12.96 billion for the quarter, compared to the consensus estimate of $12.89 billion. Cisco Systems had a return on equity of 29.88% and a net margin of 25.76%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.48%. Cisco Systems’s dividend payout ratio (DPR) is 59.83%.

In other news, EVP Mark D. Chandler sold 3,750 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $55.79, for a total value of $209,212.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven M. West sold 20,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the sale, the director now owns 5,263 shares of the company’s stock, valued at approximately $295,833.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,129 shares of company stock worth $5,159,754. Company insiders own 0.03% of the company’s stock.

CSCO has been the topic of several recent analyst reports. Piper Jaffray Companies increased their target price on Cisco Systems from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. initiated coverage on SEA in a research report on Wednesday, June 12th. They set an “overweight” rating and a $36.00 target price on the stock. Oppenheimer initiated coverage on Pareteum in a research report on Friday, April 26th. They set an “outperform” rating and a $7.00 target price on the stock. Finally, Robert W. Baird increased their target price on Northrop Grumman from $300.00 to $364.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $56.30.

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.

Further Reading: Find a Trading Strategy That Works

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.