Windsor Group LTD grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,457 shares of the network equipment provider’s stock after acquiring an additional 1,787 shares during the period. Windsor Group LTD’s holdings in Cisco Systems were worth $493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Cisco Systems by 6.5% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 204,250 shares of the network equipment provider’s stock valued at $8,789,000 after buying an additional 12,517 shares during the period. TD Asset Management Inc. boosted its holdings in shares of Cisco Systems by 9.9% in the 2nd quarter. TD Asset Management Inc. now owns 4,390,039 shares of the network equipment provider’s stock valued at $188,904,000 after buying an additional 393,799 shares during the period. Alps Advisors Inc. acquired a new position in shares of Cisco Systems in the 2nd quarter valued at about $69,790,000. Hussman Strategic Advisors Inc. boosted its holdings in shares of Cisco Systems by 1,842.1% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 36,900 shares of the network equipment provider’s stock valued at $1,588,000 after buying an additional 35,000 shares during the period. Finally, Troy Asset Management Ltd boosted its holdings in shares of Cisco Systems by 6.6% in the 2nd quarter. Troy Asset Management Ltd now owns 125,000 shares of the network equipment provider’s stock valued at $5,379,000 after buying an additional 7,750 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

In other Cisco Systems news, EVP David Goeckeler sold 63,050 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $2,999,288.50. Following the sale, the executive vice president now directly owns 547,019 shares in the company, valued at approximately $26,021,693.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Chandler sold 31,842 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 450,620 shares of company stock worth $21,322,282 over the last 90 days. 0.05% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, October 3rd. Piper Jaffray Companies set a $53.00 price target on shares of Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. UBS Group set a $56.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research report on Wednesday, September 26th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $48.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, September 4th. Finally, BidaskClub upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.76.

CSCO stock opened at $45.71 on Friday. Cisco Systems, Inc. has a 52 week low of $33.32 and a 52 week high of $49.47. The stock has a market cap of $234.37 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.22 and a current ratio of 2.29.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The company had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.76 billion. During the same period in the previous year, the firm earned $0.61 EPS. Cisco Systems’s revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that Cisco Systems, Inc. will post 2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.89%. Cisco Systems’s dividend payout ratio (DPR) is 56.41%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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