BKD Wealth Advisors LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,422 shares of the network equipment provider’s stock after acquiring an additional 5,263 shares during the period. BKD Wealth Advisors LLC’s holdings in Cisco Systems were worth $3,738,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Holderness Investments Co. boosted its position in shares of Cisco Systems by 12.1% during the 1st quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock valued at $2,256,000 after acquiring an additional 7,186 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Cisco Systems by 5.2% during the 1st quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock valued at $279,146,000 after acquiring an additional 408,875 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Cisco Systems by 4.1% during the 1st quarter. Congress Asset Management Co. MA now owns 147,410 shares of the network equipment provider’s stock valued at $4,982,000 after acquiring an additional 5,796 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Cisco Systems by 2.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 724,037 shares of the network equipment provider’s stock valued at $24,472,000 after acquiring an additional 17,135 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Cisco Systems during the 1st quarter valued at about $215,000. Institutional investors and hedge funds own 75.37% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.65% on Wednesday, reaching $32.70. 6,464,656 shares of the company traded hands. The company has a market capitalization of $161.93 billion, a PE ratio of 17.21 and a beta of 1.19. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The firm has a 50-day moving average price of $31.72 and a 200 day moving average price of $32.41. Cisco Systems also saw some unusual options trading activity on Monday. Stock traders acquired 16,510 put options on the stock. This represents an increase of approximately 117% compared to the typical volume of 7,614 put options.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The company had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. During the same quarter in the previous year, the business posted $0.63 EPS. Cisco Systems’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts forecast that Cisco Systems, Inc. will post $2.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date is Wednesday, October 4th. Cisco Systems’s payout ratio is currently 60.73%.

CSCO has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price on the stock in a research report on Wednesday, September 6th. ValuEngine lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Credit Suisse Group reiterated an “outperform” rating and set a $40.00 target price on shares of Cisco Systems in a research report on Monday, June 26th. Finally, William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research report on Monday, July 3rd. Fourteen equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.57.

In related news, CAO Prat Bhatt sold 25,638 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the sale, the insider now directly owns 729,305 shares of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last three months, insiders sold 420,138 shares of company stock valued at $13,239,624. 0.11% of the stock is currently owned by insiders.

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Cisco Systems 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).

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

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