Lourd Capital LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,430 shares of the network equipment provider’s stock after selling 2,174 shares during the period. Lourd Capital LLC’s holdings in Cisco Systems were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Banced Corp increased its position in Cisco Systems by 33.7% in the second quarter. Banced Corp now owns 20,250 shares of the network equipment provider’s stock valued at $531,000 after buying an additional 5,099 shares during the last quarter. River & Mercantile Asset Management LLP increased its position in Cisco Systems by 71.6% in the second quarter. River & Mercantile Asset Management LLP now owns 117,443 shares of the network equipment provider’s stock valued at $3,368,000 after buying an additional 49,000 shares during the last quarter. Cape Cod Five Cents Savings Bank increased its position in Cisco Systems by 4.0% in the second quarter. Cape Cod Five Cents Savings Bank now owns 148,890 shares of the network equipment provider’s stock valued at $4,272,000 after buying an additional 5,724 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Cisco Systems by 4.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 775,713 shares of the network equipment provider’s stock valued at $22,255,000 after buying an additional 35,300 shares during the last quarter. Finally, Pioneer Trust Bank N A OR increased its position in Cisco Systems by 6.3% in the second quarter. Pioneer Trust Bank N A OR now owns 131,090 shares of the network equipment provider’s stock valued at $3,761,000 after buying an additional 7,755 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 0.10% on Friday, reaching $30.07. 17,136,585 shares of the company’s stock were exchanged. Cisco Systems, Inc. has a one year low of $22.46 and a one year high of $31.95. The firm has a market capitalization of $150.94 billion, a P/E ratio of 14.39 and a beta of 1.38. The firm has a 50 day moving average of $30.15 and a 200 day moving average of $30.48.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 16th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. The company earned $12.35 billion during the quarter, compared to analyst estimates of $12.34 billion. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%. Cisco Systems’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. On average, equities research analysts predict that Cisco Systems, Inc. will post $2.37 EPS for the current year.

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

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Several analysts have recently commented on CSCO shares. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “sell” rating in a research report on Tuesday, November 22nd. Robert W. Baird restated an “outperform” rating and set a $35.00 price objective on shares of Cisco Systems in a research report on Tuesday, December 6th. Citigroup Inc. restated a “buy” rating and set a $34.00 price objective (down from $35.00) on shares of Cisco Systems in a research report on Thursday, December 29th. BMO Capital Markets restated an “outperform” rating and set a $33.00 price objective on shares of Cisco Systems in a research report on Thursday. Finally, Wunderlich restated a “hold” rating and set a $27.00 price objective on shares of Cisco Systems in a research report on Wednesday, December 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $32.80.

In other Cisco Systems news, SVP Karen Walker sold 1,793 shares of the stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $30.41, for a total transaction of $54,525.13. Following the completion of the transaction, the senior vice president now owns 183,275 shares of the company’s stock, valued at $5,573,392.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Cisco Systems Company Profile

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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