V Wealth Advisors LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,139 shares of the network equipment provider’s stock after buying an additional 319 shares during the quarter. Cisco Systems accounts for 1.0% of V Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding. V Wealth Advisors LLC’s holdings in Cisco Systems were worth $2,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookstone Capital Management lifted its position in shares of Cisco Systems by 12.9% during the 2nd quarter. Brookstone Capital Management now owns 11,361 shares of the network equipment provider’s stock valued at $622,000 after acquiring an additional 1,294 shares during the period. Butensky & Cohen Financial Security Inc. lifted its position in shares of Cisco Systems by 1.8% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 47,771 shares of the network equipment provider’s stock worth $2,615,000 after buying an additional 859 shares during the last quarter. Abner Herrman & Brock LLC lifted its position in shares of Cisco Systems by 3.6% during the 2nd quarter. Abner Herrman & Brock LLC now owns 321,795 shares of the network equipment provider’s stock worth $17,612,000 after buying an additional 11,331 shares during the last quarter. IHT Wealth Management LLC lifted its position in shares of Cisco Systems by 12.7% during the 4th quarter. IHT Wealth Management LLC now owns 28,846 shares of the network equipment provider’s stock worth $1,250,000 after buying an additional 3,240 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new stake in shares of Cisco Systems during the 2nd quarter worth $1,445,000. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Robert W. Baird restated a “buy” rating and set a $57.00 price objective on shares of Cisco Systems in a research report on Monday. Barclays assumed coverage on Cisco Systems in a research report on Wednesday, August 7th. They set an “equal weight” rating and a $52.00 price objective for the company. Jefferies Financial Group upped their price objective on Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. They noted that the move was a valuation call. ValuEngine downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $60.00 price objective on shares of Cisco Systems in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $56.24.

Cisco Systems stock opened at $51.94 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $224.44 billion, a P/E ratio of 22.13, a PEG ratio of 2.41 and a beta of 1.18. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26. The company has a 50-day moving average price of $55.70.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 15th. The network equipment provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $12.96 billion during 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 business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were given a $0.35 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.40 annualized dividend and a yield of 2.70%. Cisco Systems’s dividend payout ratio is presently 59.83%.

In other news, Director Steven M. West sold 20,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was 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 $295,833.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $53.56, for a total value of $3,749,200.00. Following the completion of the sale, the chief financial officer now directly owns 349,122 shares of the company’s stock, valued at approximately $18,698,974.32. The disclosure for this sale can be found here. Insiders sold 95,129 shares of company stock valued at $5,159,754 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

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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