Bogart Wealth LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 44.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,452 shares of the network equipment provider’s stock after acquiring an additional 13,621 shares during the quarter. Bogart Wealth LLC’s holdings in Cisco Systems were worth $1,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dowling & Yahnke LLC increased its position in shares of Cisco Systems by 0.3% during the first quarter. Dowling & Yahnke LLC now owns 210,778 shares of the network equipment provider’s stock worth $7,124,000 after buying an additional 681 shares during the period. Lourd Capital LLC increased its position in shares of Cisco Systems by 16.1% during the first quarter. Lourd Capital LLC now owns 19,244 shares of the network equipment provider’s stock worth $650,000 after buying an additional 2,670 shares during the period. Verity & Verity LLC increased its position in shares of Cisco Systems by 5.2% during the first quarter. Verity & Verity LLC now owns 241,712 shares of the network equipment provider’s stock worth $8,169,000 after buying an additional 11,972 shares during the period. Greenleaf Trust increased its position in shares of Cisco Systems by 1.2% during the first quarter. Greenleaf Trust now owns 35,247 shares of the network equipment provider’s stock worth $1,191,000 after buying an additional 417 shares during the period. Finally, Cedar Wealth Management LLC increased its position in shares of Cisco Systems by 3.0% during the first quarter. Cedar Wealth Management LLC now owns 12,785 shares of the network equipment provider’s stock worth $432,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 75.78% of the company’s stock.

Several equities research analysts have recently weighed in on CSCO shares. Vetr cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $36.12 price objective for the company. in a research report on Wednesday, September 13th. Robert W. Baird reissued a “buy” rating and set a $38.00 target price on shares of Cisco Systems in a research note on Monday, September 11th. KeyCorp reissued a “buy” rating on shares of Cisco Systems in a research note on Friday, September 8th. Deutsche Bank reissued a “buy” rating and set a $40.00 target price on shares of Cisco Systems in a research note on Wednesday, September 6th. Finally, Oppenheimer reissued a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a research note on Monday, September 25th. Two 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 company. Cisco Systems has a consensus rating of “Buy” and an average target price of $37.10.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $38.19 on Friday. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $38.37. The firm has a market cap of $187,363.28, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.43 and a beta of 1.19. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $12.11 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. equities research analysts anticipate that Cisco Systems, Inc. will post 2.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is 60.10%.

In other news, insider John T. Chambers sold 250,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares in the company, valued at $26,014,864. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mark D. Chandler sold 65,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The disclosure for this sale can be found here. Insiders sold 338,622 shares of company stock worth $12,117,914 over the last ninety days. Insiders own 0.05% of the company’s stock.

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About Cisco Systems

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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