LaSalle Street Capital Management LLC trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 33.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,058 shares of the network equipment provider’s stock after selling 17,083 shares during the period. Cisco Systems makes up about 1.5% of LaSalle Street Capital Management LLC’s holdings, making the stock its 21st largest holding. LaSalle Street Capital Management LLC’s holdings in Cisco Systems were worth $1,466,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cetera Advisors LLC boosted its position in shares of Cisco Systems by 1.4% during the first quarter. Cetera Advisors LLC now owns 78,073 shares of the network equipment provider’s stock worth $3,350,000 after buying an additional 1,106 shares during the period. FCG Advisors LLC boosted its position in shares of Cisco Systems by 7.9% during the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock worth $668,000 after buying an additional 1,140 shares during the period. Neumann Capital Management LLC boosted its position in shares of Cisco Systems by 6.8% during the first quarter. Neumann Capital Management LLC now owns 18,437 shares of the network equipment provider’s stock worth $791,000 after buying an additional 1,167 shares during the period. Ballast Inc. boosted its position in shares of Cisco Systems by 6.6% during the first quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock worth $807,000 after buying an additional 1,172 shares during the period. Finally, Peachtree Investment Advisors Inc. boosted its position in shares of Cisco Systems by 2.7% during the second quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock worth $1,897,000 after buying an additional 1,175 shares during the period. Institutional investors own 71.52% of the company’s stock.

In other Cisco Systems news, EVP Mark D. Chandler sold 31,842 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was 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 SEC, which can be accessed through this link. Also, SVP Irving Tan sold 68,308 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $47.38, for a total value of $3,236,433.04. Following the completion of the sale, the senior vice president now owns 150,763 shares in the company, valued at $7,143,150.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 450,620 shares of company stock worth $21,322,282. 0.03% of the stock is owned by insiders.

Shares of NASDAQ CSCO opened at $47.11 on Friday. Cisco Systems, Inc. has a 12-month low of $33.67 and a 12-month high of $49.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.22 and a current ratio of 2.29. The firm has a market capitalization of $230.76 billion, a PE ratio of 20.13, a P/E/G ratio of 2.83 and a beta of 1.11.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, October 4th. Cisco Systems’s dividend payout ratio is presently 56.41%.

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

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About Cisco Systems

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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