New England Research & Management Inc. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,397 shares of the network equipment provider’s stock after selling 400 shares during the quarter. Cisco Systems makes up approximately 1.5% of New England Research & Management Inc.’s holdings, making the stock its 9th biggest holding. New England Research & Management Inc.’s holdings in Cisco Systems were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its stake 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 during the period. Watermark Asset Management Inc. acquired a new stake in shares of Cisco Systems in the first quarter valued at approximately $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake 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 during the period. Baystate Wealth Management LLC increased its stake in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock valued at $146,000 after purchasing an additional 1,484 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its stake in shares of Cisco Systems by 23.1% in 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 purchasing an additional 823 shares during the period. Hedge funds and other institutional investors own 75.37% of the company’s stock.

Cisco Systems, Inc. (CSCO) traded up 0.09% on Monday, hitting $33.40. 11,088,577 shares of the stock were exchanged. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The stock has a market capitalization of $165.40 billion, a P/E ratio of 17.58 and a beta of 1.19. The company has a 50 day moving average of $31.72 and a 200 day moving average of $32.41.

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

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

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

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CSCO has been the topic of several analyst reports. Instinet restated a “neutral” rating and issued a $29.00 price target on shares of Cisco Systems in a research note on Monday, July 3rd. J P Morgan Chase & Co restated a “neutral” rating on shares of Cisco Systems in a research note on Monday, June 26th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price target on the stock in a research note on Monday, July 17th. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, JMP Securities restated a “market perform” rating on shares of Cisco Systems in a research note on Friday, August 18th. Fifteen analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $35.50.

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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