Opus Investment Management Inc. lowered its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 26.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,000 shares of the network equipment provider’s stock after selling 45,000 shares during the period. Opus Investment Management Inc.’s holdings in Cisco Systems were worth $3,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. State Street Corp boosted its stake in shares of Cisco Systems by 0.7% in the first quarter. State Street Corp now owns 204,881,308 shares of the network equipment provider’s stock worth $5,832,976,000 after buying an additional 1,454,960 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Cisco Systems by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 137,302,042 shares of the network equipment provider’s stock worth $3,908,989,000 after buying an additional 1,525,298 shares during the period. Dodge & Cox boosted its stake in shares of Cisco Systems by 2.0% in the first quarter. Dodge & Cox now owns 69,095,628 shares of the network equipment provider’s stock worth $1,967,153,000 after buying an additional 1,341,950 shares during the period. Franklin Resources Inc. boosted its stake in shares of Cisco Systems by 10.7% in the first quarter. Franklin Resources Inc. now owns 68,832,423 shares of the network equipment provider’s stock worth $1,959,666,000 after buying an additional 6,635,971 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of Cisco Systems by 0.9% in the first quarter. BlackRock Group LTD now owns 54,415,499 shares of the network equipment provider’s stock worth $1,549,209,000 after buying an additional 459,754 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Inc. (NASDAQ:CSCO) traded up 0.84% during midday trading on Wednesday, hitting $31.36. The stock had a trading volume of 21,150,603 shares. The stock’s 50 day moving average price is $31.11 and its 200-day moving average price is $29.10. Cisco Systems Inc. has a 52 week low of $22.46 and a 52 week high of $31.95. The company has a market cap of $157.25 billion, a PE ratio of 14.86 and a beta of 1.37.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm earned $12.60 billion during the quarter, compared to analyst estimates of $12.57 billion. Cisco Systems had a net margin of 21.81% and a return on equity of 17.64%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Equities research analysts predict that Cisco Systems Inc. will post $2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Monday, October 3rd. Cisco Systems’s dividend payout ratio is 49.06%.

A number of analysts recently issued reports on CSCO shares. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $30.00 target price on shares of Cisco Systems in a research report on Monday, June 6th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $30.77 target price for the company in a research report on Tuesday, June 7th. Credit Suisse Group AG reissued a “sell” rating on shares of Cisco Systems in a research report on Wednesday, June 8th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Cisco Systems in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.11.

In other news, SVP Mark D. Chandler sold 25,024 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $30.44, for a total transaction of $761,730.56. Following the completion of the transaction, the senior vice president now owns 229,905 shares of the company’s stock, valued at $6,998,308.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol Bartz sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $31.25, for a total transaction of $468,750.00. Following the transaction, the director now directly owns 23,104 shares of the company’s stock, valued at approximately $722,000. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Cisco Systems Company Profile

Cisco System, Inc (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.

5 Day Chart for NASDAQ:CSCO

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