Exencial Wealth Advisors LLC reduced its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 25.7% during the first quarter, Holdings Channel reports. The fund owned 120,199 shares of the network equipment provider’s stock after selling 41,554 shares during the period. Cisco Systems accounts for about 1.7% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 17th largest position. Exencial Wealth Advisors LLC’s holdings in Cisco Systems were worth $3,924,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Asset Management Group Inc. raised its stake in shares of Cisco Systems by 0.8% in the fourth quarter. Asset Management Group Inc. now owns 13,196 shares of the network equipment provider’s stock valued at $399,000 after buying an additional 107 shares during the last quarter. Commonwealth Financial Services LLC raised its stake in shares of Cisco Systems by 1.2% in the first quarter. Commonwealth Financial Services LLC now owns 10,265 shares of the network equipment provider’s stock valued at $339,000 after buying an additional 118 shares during the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of Cisco Systems by 0.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 21,553 shares of the network equipment provider’s stock valued at $729,000 after buying an additional 162 shares during the last quarter. First Command Financial Services Inc. raised its stake in shares of Cisco Systems by 1.5% in the first quarter. First Command Financial Services Inc. now owns 11,187 shares of the network equipment provider’s stock valued at $378,000 after buying an additional 166 shares during the last quarter. Finally, Sky Investment Group LLC raised its stake in shares of Cisco Systems by 1.6% in the first quarter. Sky Investment Group LLC now owns 10,962 shares of the network equipment provider’s stock valued at $371,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 31.86 on Friday. The company has a market capitalization of $159.30 billion, a price-to-earnings ratio of 16.17 and a beta of 1.24. The firm’s 50-day moving average is $31.56 and its 200-day moving average is $32.39. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion for the quarter, compared to the consensus estimate of $11.90 billion. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post $2.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is presently 58.29%.

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Several equities research analysts have issued reports on the stock. Citigroup Inc. set a $36.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Friday, May 19th. Sanford C. Bernstein set a $38.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Saturday, July 1st. Berenberg Bank set a $33.00 price objective on shares of Cisco Systems and gave the company a “hold” rating in a research report on Saturday, July 1st. Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price objective for the company. in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a research report on Wednesday, April 26th. Twelve investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.32.

In related news, insider John T. Chambers sold 295,537 shares of Cisco Systems stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the completion of the transaction, the senior vice president now directly owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock worth $12,503,407 over the last three months. 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).

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

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