Dubuque Bank & Trust Co. boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 331,603 shares of the network equipment provider’s stock after buying an additional 14,689 shares during the period. Cisco Systems comprises approximately 2.3% of Dubuque Bank & Trust Co.’s holdings, making the stock its 7th largest position. Dubuque Bank & Trust Co.’s holdings in Cisco Systems were worth $10,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Boston Partners boosted its position in shares of Cisco Systems by 304.2% in the first quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after buying an additional 23,002,159 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Cisco Systems by 5.7% in the fourth quarter. Macquarie Group Ltd. now owns 25,418,669 shares of the network equipment provider’s stock worth $768,153,000 after buying an additional 1,365,708 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Cisco Systems by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 16,445,753 shares of the network equipment provider’s stock worth $555,867,000 after buying an additional 506,489 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Cisco Systems by 2.4% in the second quarter. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider’s stock worth $503,182,000 after buying an additional 382,211 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Cisco Systems by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 12,454,978 shares of the network equipment provider’s stock worth $376,389,000 after buying an additional 364,350 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded down 0.208% during midday trading on Wednesday, reaching $31.205. 9,191,900 shares of the company’s stock were exchanged. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60. The company has a market cap of $155.81 billion, a P/E ratio of 16.424 and a beta of 1.24. The firm has a 50 day moving average price of $31.47 and a 200 day moving average price of $32.58.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter last year, the company earned $0.63 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 7th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is currently 60.73%.

TRADEMARK VIOLATION WARNING: This article was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.dailypolitical.com/2017/08/23/cisco-systems-inc-csco-position-raised-by-dubuque-bank-trust-co.html.

CSCO has been the subject of a number of analyst reports. Instinet restated a “neutral” rating and set a $29.00 price objective on shares of Cisco Systems in a report on Monday, July 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Cisco Systems in a report on Monday, June 26th. Vetr cut 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. Morgan Stanley upgraded shares of Cisco Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $33.45 to $39.00 in a report on Monday, May 15th. Finally, Zacks Investment Research cut shares of Cisco Systems from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Fourteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Cisco Systems has an average rating of “Buy” and an average target price of $35.47.

In related news, 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 transaction of $244,124.58. Following the sale, the senior vice president now owns 178,577 shares of the company’s stock, valued at approximately $5,587,674.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rebecca Jacoby sold 92,840 shares of Cisco Systems stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total value of $2,943,956.40. Following the sale, the senior vice president now directly owns 271,725 shares in the company, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. 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).

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.