Randolph Co Inc raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 629,325 shares of the network equipment provider’s stock after purchasing an additional 1,600 shares during the quarter. Cisco Systems makes up about 3.7% of Randolph Co Inc’s portfolio, making the stock its 8th biggest holding. Randolph Co Inc’s holdings in Cisco Systems were worth $19,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Southeast Asset Advisors Inc. boosted its stake in shares of Cisco Systems by 0.5% during the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 44 shares during the period. Banced Corp boosted its stake in shares of Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares during the period. Farmers National Bank boosted its stake in shares of Cisco Systems by 1.3% during the 1st quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock worth $201,000 after acquiring an additional 83 shares during the period. Grubman Wealth Management boosted its stake in shares of Cisco Systems by 1.4% during the 2nd quarter. Grubman Wealth Management now owns 7,100 shares of the network equipment provider’s stock worth $222,000 after acquiring an additional 100 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. boosted its stake in shares of Cisco Systems by 0.3% during the 2nd quarter. Weaver C. Barksdale & Associates Inc. now owns 42,475 shares of the network equipment provider’s stock worth $1,329,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 75.38% of the company’s stock.

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Cisco Systems, Inc. (CSCO) traded up 0.313% during midday trading on Friday, hitting $33.695. The company’s stock had a trading volume of 4,468,810 shares. The stock has a 50 day moving average of $32.31 and a 200 day moving average of $32.37. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The company has a market cap of $166.86 billion, a PE ratio of 17.734 and a beta of 1.21.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, equities analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. Cisco Systems’s dividend payout ratio is currently 60.73%.

In other news, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the transaction, the senior vice president now owns 192,774 shares in the company, valued at $6,180,334.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the completion of the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 485,138 shares of company stock worth $15,347,574. Company insiders own 0.11% of the company’s stock.

Several research analysts have recently commented on CSCO shares. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price for the company. in a research note on Wednesday, August 30th. Credit Suisse Group AG reiterated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. William Blair reiterated an “outperform” rating on shares of Cisco Systems in a research note on Monday, July 3rd. Robert W. Baird reiterated a “buy” rating and set a $38.00 target price on shares of Cisco Systems in a research note on Monday, September 11th. Finally, Wunderlich lifted their target price on Cisco Systems from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Fourteen investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.56.

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).

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

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