Teacher Retirement System of Texas increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,078,513 shares of the network equipment provider’s stock after buying an additional 413,939 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Cisco Systems worth $96,357,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CSCO. Barnett & Company Inc. increased its holdings in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after purchasing an additional 3,023 shares in the last quarter. Grove Bank & Trust increased its holdings in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after purchasing an additional 2,120 shares in the last quarter. Watermark Asset Management Inc. acquired a new position in Cisco Systems in the 1st quarter worth about $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Cisco Systems by 15.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its holdings in Cisco Systems by 24.5% in the 1st quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after purchasing an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.

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A number of equities analysts have issued reports on CSCO shares. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $32.45 target price for the company. in a report on Friday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Cisco Systems in a report on Friday, July 14th. Zacks Investment Research raised Cisco Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating on shares of Cisco Systems in a report on Friday, July 28th. Finally, BidaskClub cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.26.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total value of $2,107,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was 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 directly owns 119,996 shares of the company’s stock, valued at $3,847,071.76. The disclosure for this sale can be found here. Insiders sold 485,138 shares of company stock valued at $15,347,574 over the last three months. Company insiders own 0.05% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $34.47 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.75. The stock has a market capitalization of $170,687.92, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. equities analysts predict that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Wednesday, October 4th. Cisco Systems’s dividend payout ratio is currently 60.73%.

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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