Ridgewood Investments LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,702 shares of the network equipment provider’s stock after purchasing an additional 3,993 shares during the quarter. Ridgewood Investments LLC’s holdings in Cisco Systems were worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. Hoey Investments Inc. purchased a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $26,000. FNY Investment Advisers LLC grew its position in Cisco Systems by 79,900.0% during the third quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock valued at $31,000 after buying an additional 799 shares during the period. Emerald Advisers LLC purchased a new position in Cisco Systems in the second quarter valued at $38,000. Larson Financial Group LLC raised its position in shares of Cisco Systems by 61.1% in the second quarter. Larson Financial Group LLC now owns 939 shares of the network equipment provider’s stock worth $44,000 after acquiring an additional 356 shares during the period. Finally, Ovata Capital Management Ltd acquired a new position in shares of Cisco Systems in the second quarter worth about $44,000. 71.28% of the stock is currently owned by institutional investors.

Shares of Cisco Systems stock opened at $40.16 on Friday. The firm has a market capitalization of $170.01 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.16 and a beta of 0.87. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $50.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.67 and a current ratio of 1.72. The stock has a 50 day moving average of $39.95 and a 200 day moving average of $43.30.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.06. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $12.09 billion. Cisco Systems had a return on equity of 34.75% and a net margin of 22.75%. During the same quarter in the previous year, the business earned $0.83 earnings per share. Analysts forecast that Cisco Systems, Inc. will post 2.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.44 dividend on an annualized basis and a yield of 3.59%. Cisco Systems’s payout ratio is currently 49.32%.

In other news, CEO Charles Robbins sold 7,806 shares of Cisco Systems stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $42.10, for a total value of $328,632.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kelly A. Kramer sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $42.01, for a total value of $1,890,450.00. Over the last quarter, insiders have sold 60,166 shares of company stock valued at $2,528,248. Company insiders own 0.03% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub cut Cisco Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Wolfe Research downgraded Cisco Systems from an “outperform” rating to a “peer perform” rating and set a $42.00 target price for the company. in a research note on Friday, September 18th. Robert W. Baird reissued a “hold” rating and issued a $48.00 price target on shares of Cisco Systems in a research note on Monday, August 10th. Bank of America reduced their price objective on shares of Cisco Systems from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $54.00 target price on shares of Cisco Systems in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. Cisco Systems currently has a consensus rating of “Hold” and a consensus price target of $47.45.

Cisco Systems Profile

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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