Steigerwald Gordon & Koch Inc. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 16.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,893 shares of the network equipment provider’s stock after purchasing an additional 1,520 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Cisco Systems were worth $469,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SP Asset Management purchased a new position in shares of Cisco Systems during the 2nd quarter worth $343,000. HRT Financial LLC boosted its stake in shares of Cisco Systems by 234.6% during the 2nd quarter. HRT Financial LLC now owns 25,642 shares of the network equipment provider’s stock worth $1,103,000 after acquiring an additional 17,979 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Cisco Systems by 6.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 26,727 shares of the network equipment provider’s stock worth $1,150,000 after acquiring an additional 1,667 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Cisco Systems during the 2nd quarter worth $1,096,000. Finally, Farmers National Bank boosted its stake in shares of Cisco Systems by 21.6% during the 2nd quarter. Farmers National Bank now owns 22,480 shares of the network equipment provider’s stock worth $967,000 after acquiring an additional 3,990 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.

Shares of NASDAQ CSCO opened at $47.42 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.11. The firm has a market capitalization of $226.86 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.76 and a beta of 1.15. Cisco Systems, Inc. has a 52-week low of $37.35 and a 52-week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 14th. The network equipment provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $12.86 billion. Cisco Systems had a net margin of 2.52% and a return on equity of 25.58%. Cisco Systems’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 2.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Friday, January 4th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 2.78%. Cisco Systems’s dividend payout ratio is currently 56.41%.

Several research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday. They set an “outperform” rating on the stock. Robert W. Baird restated an “outperform” rating and set a $53.00 target price on shares of Cisco Systems in a research note on Thursday, November 29th. Raymond James lifted their target price on shares of Cisco Systems from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, November 15th. KeyCorp lifted their target price on shares of Cisco Systems from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, November 15th. Finally, Loop Capital upgraded shares of Cisco Systems from a “hold” rating to a “positive” rating and set a $45.00 target price on the stock in a research note on Thursday, November 15th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and a consensus price target of $50.26.

In other Cisco Systems news, SVP Irving Tan sold 28,000 shares of Cisco Systems stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $48.43, for a total value of $1,356,040.00. Following the sale, the senior vice president now directly owns 188,853 shares in the company, valued at approximately $9,146,150.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles Robbins sold 217,420 shares of Cisco Systems stock in a transaction on Monday, September 17th. The shares were sold at an average price of $47.28, for a total transaction of $10,279,617.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 485,101 shares of company stock worth $22,911,480. 0.03% of the stock is currently owned by insiders.

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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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