Bank of The Ozarks boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,629 shares of the network equipment provider’s stock after buying an additional 2,689 shares during the quarter. Cisco Systems accounts for approximately 1.4% of Bank of The Ozarks’ holdings, making the stock its 9th biggest holding. Bank of The Ozarks’ holdings in Cisco Systems were worth $3,642,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CSCO. JJJ Advisors Inc. acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $110,000. Trustcore Financial Services LLC raised its stake in shares of Cisco Systems by 143.5% in the 1st quarter. Trustcore Financial Services LLC now owns 3,294 shares of the network equipment provider’s stock valued at $141,000 after purchasing an additional 1,941 shares in the last quarter. Smart Portfolios LLC acquired a new stake in shares of Cisco Systems in the 1st quarter valued at about $146,000. Legacy Advisors LLC raised its stake in shares of Cisco Systems by 597.6% in the 2nd quarter. Legacy Advisors LLC now owns 3,432 shares of the network equipment provider’s stock valued at $148,000 after purchasing an additional 2,940 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Cisco Systems in the 1st quarter valued at about $149,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

NASDAQ CSCO opened at $45.34 on Friday. Cisco Systems, Inc. has a 52 week low of $33.67 and a 52 week high of $49.47. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $221.32 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 2.71 and a beta of 1.07.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is 56.41%.

A number of equities research analysts recently weighed in on CSCO shares. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Cowen boosted their price objective on shares of Cisco Systems from $51.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. 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. Finally, JPMorgan Chase & Co. set a $59.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research report on Thursday, August 16th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Cisco Systems presently has a consensus rating of “Buy” and a consensus price target of $48.76.

In other news, EVP Mark D. Chandler sold 31,842 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $1,502,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Goeckeler sold 63,050 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 450,620 shares of company stock valued at $21,322,282. 0.05% of the stock is owned by insiders.

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.

Further Reading: Moving Average (MA)

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