NS Partners Ltd decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 410,132 shares of the network equipment provider’s stock after selling 1,549 shares during the period. Cisco Systems comprises about 2.0% of NS Partners Ltd’s portfolio, making the stock its 8th largest position. NS Partners Ltd’s holdings in Cisco Systems were worth $13,862,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CSCO. Keel Point LLC increased its position in Cisco Systems by 4.9% in the first quarter. Keel Point LLC now owns 8,784 shares of the network equipment provider’s stock worth $297,000 after buying an additional 414 shares in the last quarter. MEMBERS Trust Co purchased a new position in Cisco Systems during the first quarter worth about $422,000. Oppenheimer Asset Management Inc. purchased a new position in Cisco Systems during the first quarter worth about $25,059,000. Oppenheimer & Co. Inc. increased its position in Cisco Systems by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 539,603 shares of the network equipment provider’s stock worth $18,238,000 after buying an additional 3,783 shares in the last quarter. Finally, Logan Capital Management Inc. increased its position in Cisco Systems by 772.5% in the first quarter. Logan Capital Management Inc. now owns 325,626 shares of the network equipment provider’s stock worth $11,007,000 after buying an additional 288,305 shares in the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cisco Systems, Inc. (CSCO) traded up 1.52% during mid-day trading on Friday, reaching $31.47. The company’s stock had a trading volume of 20,756,566 shares. The stock has a market capitalization of $157.35 billion, a P/E ratio of 15.97 and a beta of 1.24. The company’s 50-day moving average price is $31.54 and its 200-day moving average price is $32.53. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60. Cisco Systems also was the target of some unusual options trading on Wednesday. Stock traders acquired 21,024 call options on the stock. This represents an increase of approximately 113% compared to the typical volume of 9,855 call options.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $11.94 billion during 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 firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post $2.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 58.29%.

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A number of research firms have recently commented on CSCO. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday. Deutsche Bank AG reiterated a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Tuesday. Robert W. Baird set a $38.00 target price on Cisco Systems and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 target price on shares of Cisco Systems in a research note on Thursday, August 3rd. Finally, BidaskClub cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus target price of $35.31.

In other news, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems 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 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 Cisco Systems 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 of the company’s stock, valued at approximately $5,587,674.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 396,179 shares of company stock valued at $12,503,407. 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).

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

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