Heritage Wealth Advisors boosted its position in shares of Cisco Systems Inc. (NASDAQ:CSCO) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,187 shares of the network equipment provider’s stock after buying an additional 3,016 shares during the period. Heritage Wealth Advisors’ holdings in Cisco Systems were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Mercer Capital Advisers Inc. raised its position in Cisco Systems by 0.7% in the second quarter. Mercer Capital Advisers Inc. now owns 4,760 shares of the network equipment provider’s stock worth $137,000 after buying an additional 35 shares in the last quarter. Pinnacle Holdings LLC increased its stake in Cisco Systems by 0.5% in the first quarter. Pinnacle Holdings LLC now owns 16,009 shares of the network equipment provider’s stock worth $456,000 after buying an additional 81 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Cisco Systems by 0.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 13,890 shares of the network equipment provider’s stock worth $399,000 after buying an additional 83 shares during the last quarter. Empirical Financial Services LLC increased its stake in Cisco Systems by 1.1% in the second quarter. Empirical Financial Services LLC now owns 9,838 shares of the network equipment provider’s stock worth $282,000 after buying an additional 106 shares during the last quarter. Finally, WASHINGTON TRUST Co increased its stake in Cisco Systems by 0.7% in the first quarter. WASHINGTON TRUST Co now owns 19,353 shares of the network equipment provider’s stock worth $551,000 after buying an additional 141 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Inc. (NASDAQ:CSCO) traded down 1.01% during mid-day trading on Friday, reaching $31.34. 20,120,647 shares of the company’s stock were exchanged. Cisco Systems Inc. has a 52 week low of $22.46 and a 52 week high of $31.95. The stock has a 50-day moving average price of $31.16 and a 200-day moving average price of $29.13. The stock has a market cap of $157.15 billion, a P/E ratio of 14.85 and a beta of 1.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 17th. The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The company earned $12.60 billion during the quarter, compared to analysts’ expectations of $12.57 billion. Cisco Systems had a return on equity of 17.64% and a net margin of 21.81%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, analysts forecast that Cisco Systems Inc. will post $2.43 earnings per share for the current year.

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

A number of research firms recently issued reports on CSCO. Raymond James Financial Inc. boosted their target price on shares of Cisco Systems from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Friday. Cowen and Company restated a “buy” rating on shares of Cisco Systems in a report on Tuesday, July 12th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $32.00 target price on shares of Cisco Systems in a report on Thursday, August 18th. Morgan Stanley boosted their target price on shares of Cisco Systems from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Cisco Systems in a report on Wednesday, June 8th. One 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 stock has an average rating of “Buy” and an average target price of $32.33.

In related news, Director Steven M. West sold 15,000 shares of Cisco Systems stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $30.20, for a total value of $453,000.00. Following the completion of the transaction, the director now directly owns 26,804 shares of the company’s stock, valued at $809,480.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Karen Walker sold 10,244 shares of Cisco Systems stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $31.17, for a total value of $319,305.48. Following the completion of the transaction, the senior vice president now directly owns 138,625 shares of the company’s stock, valued at $4,320,941.25. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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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