Jupiter Asset Management Ltd. decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 37.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,583,434 shares of the network equipment provider’s stock after selling 2,692,014 shares during the period. Cisco Systems accounts for about 5.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 2nd biggest position. Jupiter Asset Management Ltd. owned 0.10% of Cisco Systems worth $197,225,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Cetera Advisors LLC raised its stake in shares of Cisco Systems by 1.4% in the first quarter. Cetera Advisors LLC now owns 78,073 shares of the network equipment provider’s stock worth $3,350,000 after purchasing an additional 1,106 shares during the last quarter. FCG Advisors LLC raised its stake in shares of Cisco Systems by 7.9% in the first quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock worth $668,000 after purchasing an additional 1,140 shares during the last quarter. Neumann Capital Management LLC raised its stake in shares of Cisco Systems by 6.8% in the first quarter. Neumann Capital Management LLC now owns 18,437 shares of the network equipment provider’s stock worth $791,000 after purchasing an additional 1,167 shares during the last quarter. Ballast Inc. raised its stake in shares of Cisco Systems by 6.6% in the first quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock worth $807,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Peachtree Investment Advisors Inc. raised its stake in shares of Cisco Systems by 2.7% in the second quarter. Peachtree Investment Advisors Inc. now owns 44,093 shares of the network equipment provider’s stock worth $1,897,000 after purchasing an additional 1,175 shares during the last quarter. Institutional investors own 70.28% of the company’s stock.

Shares of CSCO opened at $45.75 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 2.05. The company has a market cap of $223.29 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 2.73 and a beta of 1.11. Cisco Systems, Inc. has a 12 month low of $35.93 and a 12 month high of $49.47.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a return on equity of 25.58% and a net margin of 2.52%. Cisco Systems’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. On average, equities research analysts predict that Cisco Systems, Inc. will post 2.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, October 4th. Cisco Systems’s dividend payout ratio is currently 56.41%.

In other Cisco Systems news, EVP David Goeckeler sold 63,050 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $47.57, for a total value of $2,999,288.50. Following the completion of the sale, the executive vice president now directly owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles Robbins sold 217,420 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $47.28, for a total value of $10,279,617.60. The disclosure for this sale can be found here. Insiders sold 450,620 shares of company stock valued at $21,322,282 over the last three months. Company insiders own 0.03% of the company’s stock.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Raymond James increased their price objective on Cisco Systems from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. KeyCorp increased their price objective on Cisco Systems from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, November 15th. Credit Suisse Group increased their price objective on Cisco Systems from $43.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, November 15th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Cisco Systems in a research note on Thursday, November 15th. Seven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $49.49.

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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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