Northeast Investment Management cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,544 shares of the network equipment provider’s stock after selling 1,260 shares during the period. Northeast Investment Management’s holdings in Cisco Systems were worth $800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners boosted its stake in shares of Cisco Systems by 304.2% during the 1st quarter. Boston Partners now owns 30,563,666 shares of the network equipment provider’s stock worth $1,033,052,000 after buying an additional 23,002,159 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Cisco Systems by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 26,334,633 shares of the network equipment provider’s stock worth $824,310,000 after buying an additional 618,346 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Cisco Systems by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,004,668 shares of the network equipment provider’s stock worth $532,247,000 after buying an additional 558,915 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Cisco Systems by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 16,076,117 shares of the network equipment provider’s stock worth $503,182,000 after buying an additional 382,211 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Cisco Systems by 5.9% during the 2nd quarter. First Trust Advisors LP now owns 9,856,118 shares of the network equipment provider’s stock worth $308,496,000 after buying an additional 546,492 shares during the last quarter. 75.22% of the stock is owned by hedge funds and other institutional investors.

CSCO has been the subject of a number of recent research reports. Vetr downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective for the company. in a research note on Wednesday, August 30th. Credit Suisse Group restated an “outperform” rating on shares of Cisco Systems in a research note on Thursday, August 31st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a research note on Monday, September 11th. Finally, ValuEngine upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Buy” and an average target price of $36.67.

In related news, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the completion of the transaction, the insider now owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the transaction, the senior vice president now directly owns 192,774 shares of the company’s stock, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock valued at $15,347,574 in the last three months. 0.05% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Cisco Systems, Inc. (CSCO) Shares Sold by Northeast Investment Management” was published by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/cisco-systems-inc-csco-shares-sold-by-northeast-investment-management/1711033.html.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $35.90 on Friday. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $36.67. The firm has a market cap of $177,670.00, a price-to-earnings ratio of 15.69, a P/E/G ratio of 2.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 3.03.

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, topping analysts’ consensus estimates of $0.60 by $0.01. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the firm earned $0.61 earnings per share. Cisco Systems’s quarterly revenue was down 1.7% on a year-over-year basis. analysts expect 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. Investors of record on Thursday, October 5th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

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).

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.