CCM Investment Advisers LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% during the third quarter, HoldingsChannel reports. The firm owned 298,577 shares of the network equipment provider’s stock after selling 13,985 shares during the quarter. Cisco Systems comprises 1.9% of CCM Investment Advisers LLC’s portfolio, making the stock its 22nd largest holding. CCM Investment Advisers LLC’s holdings in Cisco Systems were worth $10,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSCO. Opes Advisors Inc lifted its position in Cisco Systems by 0.6% in the 2nd quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after acquiring an additional 44 shares in the last quarter. Leisure Capital Management lifted its position in Cisco Systems by 0.6% in the 2nd quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after acquiring an additional 48 shares in the last quarter. Ronald Blue & Co. LLC lifted its position in Cisco Systems by 0.3% in the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after acquiring an additional 57 shares in the last quarter. Banced Corp lifted its position in Cisco Systems by 0.4% in the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after acquiring an additional 59 shares in the last quarter. Finally, GM Advisory Group Inc. lifted its position in Cisco Systems by 0.3% in the 2nd quarter. GM Advisory Group Inc. now owns 19,548 shares of the network equipment provider’s stock valued at $612,000 after acquiring an additional 61 shares in the last quarter. 75.60% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on CSCO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Tuesday, September 19th. Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective on the stock. in a research report on Monday, September 25th. Oppenheimer reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Cisco Systems in a research report on Monday, September 25th. ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Cisco Systems in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Cisco Systems has an average rating of “Buy” and a consensus price target of $37.93.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at $40.54 on Wednesday. The firm has a market cap of $202,045.83, a PE ratio of 21.01, a PEG ratio of 3.70 and a beta of 1.20. Cisco Systems, Inc. has a 52 week low of $29.84 and a 52 week high of $41.16. 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 (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion for 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%. Cisco Systems’s revenue for the quarter 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. research analysts predict that Cisco Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders 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 annualized dividend and a dividend yield of 2.86%. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other news, SVP Karen Walker sold 5,786 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the transaction, the senior vice president now directly owns 176,418 shares in the company, valued at approximately $6,437,492.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $36.49, for a total transaction of $95,092.94. Following the transaction, the chief accounting officer now owns 89,184 shares in the company, valued at $3,254,324.16. The disclosure for this sale can be found here. Insiders have sold a total of 348,643 shares of company stock worth $12,892,271 over the last 90 days. 0.05% of the stock is owned by company insiders.

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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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