Vontobel Swiss Wealth Advisors AG cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 24.2% during the first quarter, Holdings Channel reports. The fund owned 58,054 shares of the network equipment provider’s stock after selling 18,521 shares during the period. Cisco Systems comprises 1.1% of Vontobel Swiss Wealth Advisors AG’s portfolio, making the stock its 25th largest position. Vontobel Swiss Wealth Advisors AG’s holdings in Cisco Systems were worth $1,962,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Barings LLC boosted its position in shares of Cisco Systems by 14.9% in the fourth quarter. Barings LLC now owns 254,366 shares of the network equipment provider’s stock worth $7,687,000 after buying an additional 32,900 shares during the last quarter. Santa Barbara Asset Management LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth about $58,476,000. First Hawaiian Bank acquired a new position in shares of Cisco Systems during the first quarter worth about $215,000. Seven Eight Capital LP acquired a new position in shares of Cisco Systems during the fourth quarter worth about $112,000. Finally, Dodge & Cox acquired a new position in shares of Cisco Systems during the fourth quarter worth about $1,950,935,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at 31.4847 on Wednesday. The company has a market cap of $157.43 billion, a P/E ratio of 15.9821 and a beta of 1.24. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The company’s 50 day moving average is $31.58 and its 200 day moving average is $32.47.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $11.94 billion during 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 company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities analysts predict that Cisco Systems, Inc. will post $2.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were paid a $0.29 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $1.16 annualized dividend and a dividend yield of 3.66%. Cisco Systems’s payout ratio is 58.29%.

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CSCO has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a research note on Friday, May 26th. William Blair reaffirmed an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Zacks Investment Research cut shares of Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective (down from $37.00) on shares of Cisco Systems in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.31.

In other news, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were 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 directly owns 178,577 shares in the company, valued at $5,587,674.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were 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 owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock valued at $12,503,407 in the last quarter. Corporate 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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