A. D. Beadell Investment Counsel Inc. boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,830 shares of the network equipment provider’s stock after acquiring an additional 2,475 shares during the period. Cisco Systems accounts for about 1.4% of A. D. Beadell Investment Counsel Inc.’s holdings, making the stock its 28th biggest position. A. D. Beadell Investment Counsel Inc.’s holdings in Cisco Systems were worth $1,684,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Watermark Asset Management Inc. bought a new position in Cisco Systems in the first quarter worth approximately $122,000. Financial Management Professionals Inc. lifted its holdings in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock valued at $118,000 after purchasing an additional 635 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock valued at $145,000 after purchasing an additional 560 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of Cisco Systems by 23.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock valued at $148,000 after acquiring an additional 823 shares during the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of Cisco Systems by 14.3% during the first quarter. Thompson Davis & CO. Inc. now owns 4,441 shares of the network equipment provider’s stock valued at $150,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

In related news, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the sale, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark D. Chandler sold 65,000 shares of Cisco Systems stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 485,138 shares of company stock worth $15,347,574. Corporate insiders own 0.11% of the company’s stock.

A number of brokerages recently commented on CSCO. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $36.00 price target on shares of Cisco Systems in a research report on Monday, June 26th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price for the company in a research report on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of Cisco Systems in a research report on Monday, September 11th. Drexel Hamilton reiterated a “buy” rating and issued a $39.00 price target on shares of Cisco Systems in a research report on Sunday, June 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Thursday, August 17th. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.57.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) traded up 2.05% during trading on Friday, hitting $33.37. 28,236,128 shares of the stock traded hands. The company’s 50 day moving average is $31.72 and its 200 day moving average is $32.41. The firm has a market cap of $21.92 billion, a PE ratio of 17.56 and a beta of 1.19. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to analysts’ expectations of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities research analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.48%. Cisco Systems’s payout ratio is currently 60.73%.

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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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