Kistler Tiffany Companies LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,662 shares of the network equipment provider’s stock after selling 1,410 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Cisco Systems were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSCO. Southeast Asset Advisors Inc. increased its position 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 valued at $312,000 after purchasing an additional 44 shares during the last quarter. Banced Corp increased its position 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 valued at $442,000 after purchasing an additional 59 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Cisco Systems by 0.4% during the 2nd quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock valued at $547,000 after purchasing an additional 72 shares during the last quarter. Farmers National Bank increased its position 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 valued at $201,000 after purchasing an additional 83 shares during the last quarter. Finally, Asset Dedication LLC increased its position in shares of Cisco Systems by 0.3% during the 2nd quarter. Asset Dedication LLC now owns 29,991 shares of the network equipment provider’s stock valued at $924,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 75.32% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at 33.75 on Friday. Cisco Systems, Inc. has a 1-year low of $29.12 and a 1-year high of $34.60. The stock has a 50 day moving average price of $32.99 and a 200-day moving average price of $32.34. The stock has a market capitalization of $167.13 billion, a P/E ratio of 17.76 and a beta of 1.21.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. The company 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 firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Equities research analysts expect that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s dividend payout ratio is currently 60.73%.

In other Cisco Systems news, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the sale, the chief accounting officer now directly owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 121,390 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the sale, the chief executive officer now directly owns 552,694 shares in the company, valued at $17,719,369.64. The disclosure for this sale can be found here. Insiders have sold a total of 485,138 shares of company stock worth $15,347,574 over the last ninety days. 0.11% of the stock is owned by insiders.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered Cisco Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. KeyCorp set a $33.00 price objective on Cisco Systems and gave the company a “buy” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Thursday, October 12th. Credit Suisse Group reiterated a “hold” rating and set a $35.00 price objective on shares of Cisco Systems in a research report on Friday, October 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price objective on shares of Cisco Systems in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $35.30.

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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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