Agran Libbie decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 45,621 shares of the network equipment provider’s stock after selling 400 shares during the period. Agran Libbie’s holdings in Cisco Systems were worth $1,447,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Orrstown Financial Services Inc. increased its position in shares of Cisco Systems by 89.3% in the third quarter. Orrstown Financial Services Inc. now owns 3,243 shares of the network equipment provider’s stock valued at $103,000 after buying an additional 1,530 shares in the last quarter. Lenox Wealth Management Inc. increased its position in shares of Cisco Systems by 35.0% in the second quarter. Lenox Wealth Management Inc. now owns 3,835 shares of the network equipment provider’s stock valued at $110,000 after buying an additional 995 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Cisco Systems by 101.9% in the second quarter. Global X Management Co. LLC now owns 4,244 shares of the network equipment provider’s stock valued at $122,000 after buying an additional 2,142 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of Cisco Systems by 25.7% in the second quarter. Financial Management Professionals Inc. now owns 4,389 shares of the network equipment provider’s stock valued at $125,000 after buying an additional 896 shares in the last quarter. Finally, West Oak Capital LLC increased its position in shares of Cisco Systems by 19.1% in the third quarter. West Oak Capital LLC now owns 4,052 shares of the network equipment provider’s stock valued at $129,000 after buying an additional 651 shares in the last quarter. 74.20% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.10% during trading on Friday, reaching $30.07. 15,834,083 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 $30.15 and a 200-day moving average price of $30.48. The stock has a market capitalization of $150.94 billion, a price-to-earnings ratio of 14.39 and a beta of 1.38.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Cisco Systems had a return on equity of 17.50% and a net margin of 21.73%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.34 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue was down 2.6% on a year-over-year basis. Analysts predict that Cisco Systems, Inc. will post $2.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Friday, January 6th will be given a $0.26 dividend. The ex-dividend date is Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.46%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.52%.

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CSCO has been the subject of several recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Cisco Systems in a report on Friday, September 16th. Wells Fargo & Company reiterated an “outperform” rating and issued a $36.50 price target (up previously from $34.00) on shares of Cisco Systems in a research note on Monday, September 19th. Raymond James Financial, Inc. boosted their price target on shares of Cisco Systems from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, September 23rd. RBC Capital Markets reiterated an “outperform” rating and issued a $35.00 price target on shares of Cisco Systems in a research note on Friday, September 23rd. Finally, Bank of America reiterated a “neutral” rating and issued a $33.00 price target on shares of Cisco Systems in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.80.

In other news, SVP Karen Walker sold 1,793 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $30.41, for a total value of $54,525.13. Following the transaction, the senior vice president now directly owns 183,275 shares of the company’s stock, valued at approximately $5,573,392.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

5 Day Chart for NASDAQ:CSCO

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