Red Door Wealth Management LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,700 shares of the network equipment provider’s stock after acquiring an additional 691 shares during the period. Cisco Systems makes up approximately 1.3% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Red Door Wealth Management LLC’s holdings in Cisco Systems were worth $1,762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hoey Investments Inc. acquired a new stake in Cisco Systems in the 2nd quarter worth approximately $26,000. FNY Investment Advisers LLC raised its holdings in shares of Cisco Systems by 79,900.0% in the third quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock worth $31,000 after buying an additional 799 shares during the last quarter. Emerald Advisers LLC purchased a new position in shares of Cisco Systems in the second quarter worth $38,000. Larson Financial Group LLC lifted its stake in shares of Cisco Systems by 61.1% during the second quarter. Larson Financial Group LLC now owns 939 shares of the network equipment provider’s stock worth $44,000 after buying an additional 356 shares during the period. Finally, Ovata Capital Management Ltd purchased a new stake in shares of Cisco Systems during the second quarter valued at $44,000. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Shares of NASDAQ CSCO opened at $40.16 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 1.72. The firm has a fifty day moving average of $39.95 and a 200 day moving average of $43.30. The firm has a market cap of $170.01 billion, a PE ratio of 15.27, a PEG ratio of 2.16 and a beta of 0.87. Cisco Systems, Inc. has a one year low of $32.40 and a one year high of $50.28.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $12.09 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, equities analysts predict that Cisco Systems, Inc. will post 2.8 EPS for the current fiscal year.

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

In other news, CAO Prat Bhatt sold 2,873 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 82,006 shares of the company’s stock, valued at $3,453,272.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Irving Tan sold 4,141 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $42.08, for a total transaction of $174,253.28. Following the completion of the sale, the executive vice president now owns 125,860 shares of the company’s stock, valued at $5,296,188.80. The disclosure for this sale can be found here. In 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.

CSCO has been the subject of a number of research reports. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price target on shares of Cisco Systems in a research report on Monday, August 10th. Royal Bank of Canada restated a “buy” rating and issued a $48.00 price objective on shares of Cisco Systems in a research note on Thursday, August 13th. ValuEngine lowered Cisco Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Goldman Sachs Group reissued a “neutral” rating and set a $45.00 price target on shares of Cisco Systems in a research report on Thursday, August 13th. Finally, Morgan Stanley restated a “buy” rating and set a $54.00 price objective on shares of Cisco Systems in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.45.

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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