United Bank VA boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,810 shares of the network equipment provider’s stock after purchasing an additional 5,433 shares during the period. Cisco Systems comprises approximately 3.8% of United Bank VA’s holdings, making the stock its 12th largest holding. United Bank VA’s holdings in Cisco Systems were worth $3,875,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Richard Bernstein Advisors LLC boosted its position in Cisco Systems by 21.2% during the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after acquiring an additional 47,211 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Cisco Systems by 10.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock valued at $4,789,000 after acquiring an additional 14,395 shares in the last quarter. Eads & Heald Investment Counsel boosted its position in Cisco Systems by 15.7% during the 2nd quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock valued at $1,329,000 after acquiring an additional 5,765 shares in the last quarter. Washington Trust Bank boosted its position in Cisco Systems by 2.5% during the 2nd quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock valued at $3,542,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Holderness Investments Co. boosted its position in Cisco Systems by 12.1% during the 1st quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock valued at $2,256,000 after acquiring an additional 7,186 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $37.90 on Friday. The firm has a market cap of $187,412.72, 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 debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $38.37.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results 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. The business had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. equities research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%. Cisco Systems’s dividend payout ratio is presently 60.10%.

CSCO has been the topic of several research reports. Vetr cut Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. Oppenheimer reaffirmed a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a research report on Monday, September 11th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $42.00 price target on shares of Cisco Systems in a research report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.90.

In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the sale, the senior vice president now owns 176,418 shares of the company’s stock, valued at $6,437,492.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 323,392 shares of company stock valued at $11,539,174. Company insiders own 0.05% of the company’s stock.

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Cisco Systems 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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