Advisory Research Inc. maintained its stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,013 shares of the network equipment provider’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in Cisco Systems were worth $5,611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Barnett & Company Inc. lifted its stake in Cisco Systems by 1,511.5% in the second quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after acquiring an additional 3,023 shares during the period. Tortoise Investment Management LLC lifted its stake in Cisco Systems by 36.1% in the second quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after acquiring an additional 878 shares during the period. Grove Bank & Trust lifted its stake in Cisco Systems by 141.3% in the second quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 2,120 shares during the period. Manchester Capital Management LLC lifted its stake in Cisco Systems by 10.7% in the second quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock worth $113,000 after acquiring an additional 350 shares during the period. Finally, Ffcm LLC lifted its stake in Cisco Systems by 2,025.0% in the second quarter. Ffcm LLC now owns 3,740 shares of the network equipment provider’s stock worth $117,000 after acquiring an additional 3,564 shares during the period. 75.78% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Charles Robbins sold 121,390 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $3,891,763.40. Following the transaction, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Karen Walker sold 23,110 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the completion of the transaction, the senior vice president now owns 192,774 shares in the company, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 493,530 shares of company stock worth $16,993,798. Corporate insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $37.96 on Tuesday. Cisco Systems, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $38.04. The company has a current ratio of 2.87, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $185,929.63, a PE ratio of 17.33, a PEG ratio of 3.40 and a beta of 1.19.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The firm had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts forecast that Cisco Systems, Inc. will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. Cisco Systems’s dividend payout ratio (DPR) is currently 60.10%.

CSCO has been the subject of a number of research reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Cisco Systems in a research note on Tuesday, August 15th. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price target for the company. in a research report on Wednesday, August 16th. BidaskClub raised shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research report on Tuesday, August 15th. Finally, Cowen reissued an “outperform” rating and set a $39.00 price target on shares of Cisco Systems in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $36.90.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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