Fort Washington Investment Advisors Inc. OH decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 3,272,789 shares of the network equipment provider’s stock after selling 30,199 shares during the period. Cisco Systems comprises approximately 1.8% of Fort Washington Investment Advisors Inc. OH’s investment portfolio, making the stock its 14th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Cisco Systems were worth $110,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Financial Advisory Service Inc. increased its stake in Cisco Systems by 0.8% in the first quarter. Financial Advisory Service Inc. now owns 13,610 shares of the network equipment provider’s stock valued at $460,000 after buying an additional 114 shares in the last quarter. Commonwealth Financial Services LLC increased its stake in 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 in the last quarter. NEXT Financial Group Inc increased its stake in Cisco Systems by 0.3% in the first quarter. NEXT Financial Group Inc now owns 43,598 shares of the network equipment provider’s stock valued at $1,485,000 after buying an additional 126 shares in the last quarter. Blue Fin Capital Inc. increased its stake in Cisco Systems by 0.4% in the first quarter. Blue Fin Capital Inc. now owns 31,073 shares of the network equipment provider’s stock valued at $1,050,000 after buying an additional 130 shares in the last quarter. Finally, Madrona Financial Services LLC increased its stake in Cisco Systems by 2.1% in the first quarter. Madrona Financial Services LLC now owns 7,407 shares of the network equipment provider’s stock valued at $250,000 after buying an additional 153 shares in the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 31.84 on Tuesday. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The firm’s 50-day moving average is $31.58 and its 200 day moving average is $32.49. The firm has a market capitalization of $159.20 billion, a P/E ratio of 16.16 and a beta of 1.24.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s payout ratio is 58.29%.

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Several analysts recently issued reports on the stock. Citigroup Inc. set a $36.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Friday, May 19th. Sanford C. Bernstein set a $38.00 price objective on shares of Cisco Systems and gave the stock a “buy” rating in a report on Saturday, July 1st. Berenberg Bank set a $33.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a report on Saturday, July 1st. Robert W. Baird set a $38.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a report on Monday. Finally, Vetr downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price target for the company. in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $35.31.

In related news, SVP Rebecca Jacoby sold 92,840 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the transaction, the senior vice president now directly owns 271,725 shares in the company, valued at approximately $8,616,399.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Karen Walker sold 7,802 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the completion of the transaction, the senior vice president now owns 178,577 shares in the company, valued at $5,587,674.33. The disclosure for this sale can be found here. Insiders have sold a total of 396,179 shares of company stock worth $12,503,407 over the last 90 days. Company insiders own 0.11% of the company’s stock.

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).

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

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