Cascade Investment Advisors Inc. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 27,135 shares of the network equipment provider’s stock after acquiring an additional 1,170 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Cisco Systems were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cedar Brook Financial Partners LLC grew its position in Cisco Systems by 3.3% during the second quarter. Cedar Brook Financial Partners LLC now owns 6,712 shares of the network equipment provider’s stock valued at $313,000 after buying an additional 216 shares during the period. Ferris Capital LLC grew its position in shares of Cisco Systems by 2.3% during the 2nd quarter. Ferris Capital LLC now owns 10,113 shares of the network equipment provider’s stock valued at $472,000 after acquiring an additional 224 shares during the period. Armbruster Capital Management Inc. increased its stake in shares of Cisco Systems by 3.2% in the 2nd quarter. Armbruster Capital Management Inc. now owns 7,277 shares of the network equipment provider’s stock worth $339,000 after purchasing an additional 227 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Cisco Systems by 0.5% in the 2nd quarter. NEXT Financial Group Inc now owns 49,129 shares of the network equipment provider’s stock worth $2,291,000 after purchasing an additional 230 shares during the period. Finally, Strategic Wealth Management Group LLC lifted its position in Cisco Systems by 2.8% during the second quarter. Strategic Wealth Management Group LLC now owns 8,766 shares of the network equipment provider’s stock valued at $409,000 after purchasing an additional 235 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

NASDAQ CSCO opened at $40.16 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.31. Cisco Systems, Inc. has a 52 week low of $32.40 and a 52 week high of $50.28. The firm has a market capitalization of $170.01 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.16 and a beta of 0.87. The company has a fifty day moving average of $39.95 and a two-hundred day moving average of $43.30.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. Cisco Systems had a net margin of 22.75% and a return on equity of 34.75%. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period in the previous year, the company earned $0.83 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 2.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, October 1st. Cisco Systems’s dividend payout ratio is currently 49.32%.

A number of research analysts have recently weighed in on CSCO shares. Goldman Sachs Group reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Cisco Systems in a research report on Thursday, August 13th. William Blair restated a “market perform” rating on shares of Cisco Systems in a research report on Thursday, August 13th. BidaskClub downgraded shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. ValuEngine cut Cisco Systems from a “hold” rating to a “sell” rating in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. lowered their price objective on Cisco Systems from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 13th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company’s stock. Cisco Systems has a consensus rating of “Hold” and a consensus price target of $47.45.

In other news, CAO Prat Bhatt sold 2,873 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $42.11, for a total transaction of $120,982.03. Following the transaction, the chief accounting officer now directly owns 82,006 shares of the company’s stock, valued at $3,453,272.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly A. Kramer sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $42.01, for a total transaction of $1,890,450.00. Over the last 90 days, insiders sold 60,166 shares of company stock worth $2,528,248. Company insiders own 0.03% of the company’s stock.

Cisco Systems 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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