Bessemer Group Inc. cut its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,323 shares of the network equipment provider’s stock after selling 17,218 shares during the period. Bessemer Group Inc.’s holdings in Cisco Systems were worth $4,401,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC raised its stake in shares of Cisco Systems by 47.1% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 121,025 shares of the network equipment provider’s stock worth $5,191,000 after buying an additional 38,725 shares during the last quarter. Covington Investment Advisors Inc. bought a new stake in shares of Cisco Systems during the first quarter worth approximately $5,331,000. Winfield Associates Inc. raised its stake in shares of Cisco Systems by 121.0% during the first quarter. Winfield Associates Inc. now owns 4,671 shares of the network equipment provider’s stock worth $200,000 after buying an additional 2,557 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in shares of Cisco Systems by 2.8% during the first quarter. United Capital Financial Advisers LLC now owns 2,078,752 shares of the network equipment provider’s stock worth $89,158,000 after buying an additional 56,027 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Cisco Systems by 29.6% during the first quarter. KBC Group NV now owns 2,095,433 shares of the network equipment provider’s stock worth $89,873,000 after buying an additional 478,673 shares during the last quarter. Hedge funds and other institutional investors own 71.39% of the company’s stock.

A number of equities research analysts recently weighed in on CSCO shares. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Cisco Systems in a research note on Monday, June 11th. Piper Jaffray Companies set a $50.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research note on Monday, July 9th. BidaskClub raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, July 3rd. Finally, Goldman Sachs Group reissued a “buy” rating and set a $56.00 price target on shares of Cisco Systems in a research note on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $48.37.

In other news, EVP David Goeckeler sold 63,050 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $47.57, for a total value of $2,999,288.50. Following the completion of the transaction, the executive vice president now owns 547,019 shares in the company, valued at $26,021,693.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Chandler sold 31,842 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $1,502,942.40. The disclosure for this sale can be found here. Insiders sold 450,620 shares of company stock valued at $21,322,282 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Shares of NASDAQ CSCO opened at $48.33 on Friday. The company has a market cap of $233.51 billion, a P/E ratio of 20.65, a PEG ratio of 2.86 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. Cisco Systems, Inc. has a 52-week low of $33.17 and a 52-week high of $49.06.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. equities research analysts predict that Cisco Systems, Inc. will post 2.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Friday, October 5th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 56.41%.

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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