Hengehold Capital Management LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,319 shares of the network equipment provider’s stock after selling 146 shares during the period. Hengehold Capital Management LLC’s holdings in Cisco Systems were worth $292,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Southeast Asset Advisors Inc. increased its stake in Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after buying an additional 44 shares in the last quarter. Banced Corp increased its stake in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after buying an additional 59 shares in the last quarter. Farmers National Bank increased its stake in Cisco Systems by 1.3% in the first quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock valued at $201,000 after buying an additional 83 shares in the last quarter. Asset Dedication LLC increased its stake in Cisco Systems by 0.3% in the second quarter. Asset Dedication LLC now owns 29,991 shares of the network equipment provider’s stock valued at $924,000 after buying an additional 91 shares in the last quarter. Finally, Grubman Wealth Management increased its stake in Cisco Systems by 1.4% in the second quarter. Grubman Wealth Management now owns 7,100 shares of the network equipment provider’s stock valued at $222,000 after buying an additional 100 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.

Cisco Systems, Inc. (CSCO) traded down 0.63% on Thursday, hitting $31.42. 7,046,507 shares of the stock traded hands. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. The stock has a market cap of $157.10 billion, a price-to-earnings ratio of 15.95 and a beta of 1.24. The firm’s 50-day moving average price is $31.57 and its 200-day moving average price is $32.53. Cisco Systems also was the target of unusually large options trading on Wednesday. Stock investors purchased 21,024 call options on the company. This represents an increase of approximately 113% compared to the typical volume of 9,855 call options.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The business had revenue of $11.94 billion during the quarter, compared to analysts’ expectations of $11.90 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that Cisco Systems, Inc. will post $2.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is presently 58.29%.

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Several analysts have weighed in on the stock. Citigroup Inc. set a $36.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Friday, May 19th. Sanford C. Bernstein set a $38.00 target price on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Saturday, July 1st. Berenberg Bank set a $33.00 target price on shares of Cisco Systems and gave the stock 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 target price on the stock. in a research report on Wednesday, April 26th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have given a buy rating to the company. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $35.31.

In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the company’s stock in a transaction that occurred 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 approximately $5,587,674.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 271,725 shares of the company’s stock, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by company insiders.

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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