RFG Advisory Group LLC grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,793 shares of the network equipment provider’s stock after purchasing an additional 6,485 shares during the quarter. RFG Advisory Group LLC’s holdings in Cisco Systems were worth $1,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Busey Trust CO lifted its stake in shares of Cisco Systems by 1.0% in the second quarter. Busey Trust CO now owns 132,411 shares of the network equipment provider’s stock worth $5,697,000 after buying an additional 1,368 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Cisco Systems by 1.6% in the second quarter. Wetherby Asset Management Inc. now owns 114,464 shares of the network equipment provider’s stock worth $4,925,000 after buying an additional 1,851 shares in the last quarter. Scott & Selber Inc. purchased a new position in shares of Cisco Systems in the second quarter worth about $2,316,000. Hermes Investment Management Ltd. purchased a new position in shares of Cisco Systems in the second quarter worth about $377,000. Finally, Columbus Circle Investors lifted its stake in shares of Cisco Systems by 11.5% in the second quarter. Columbus Circle Investors now owns 722,133 shares of the network equipment provider’s stock worth $31,073,000 after buying an additional 74,581 shares in the last quarter. Institutional investors and hedge funds own 71.39% of the company’s stock.

In other Cisco Systems news, EVP Mark D. Chandler sold 31,842 shares of Cisco Systems stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $47.20, for a total transaction of $1,502,942.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Goeckeler sold 63,050 shares of Cisco Systems stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $47.57, for a total transaction of $2,999,288.50. Following the sale, the executive vice president now owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The disclosure for this sale can be found here. Insiders have sold 450,620 shares of company stock worth $21,322,282 over the last ninety days. 0.05% of the stock is owned by insiders.

Several equities analysts have recently weighed in on CSCO shares. Zacks Investment Research downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Cowen raised their price target on shares of Cisco Systems from $51.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, August 16th. Morgan Stanley decreased their price target on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, July 19th. Finally, JPMorgan Chase & Co. set a $59.00 price target on shares of Cisco Systems and gave the stock a “buy” rating 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 assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.37.

Shares of CSCO stock opened at $48.41 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.47. Cisco Systems, Inc. has a 12 month low of $33.17 and a 12 month high of $49.06. The stock has a market cap of $233.51 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 2.86 and a beta of 1.06.

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

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

About Cisco Systems

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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