Investors Asset Management of Georgia Inc. GA ADV held its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 26,359 shares of the network equipment provider’s stock at the end of the first quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Cisco Systems were worth $797,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Seven Eight Capital LP purchased a new stake in shares of Cisco Systems during the fourth quarter worth $112,000. Financial Management Professionals Inc. boosted its stake in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Cisco Systems during the fourth quarter worth $128,000. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Cisco Systems by 4,150.0% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 4,250 shares of the network equipment provider’s stock worth $128,000 after buying an additional 4,150 shares during the last quarter. Finally, Baystate Wealth Management LLC boosted its stake in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,484 shares during the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

Shares of Cisco Systems, Inc. (CSCO) opened at 31.42 on Monday. The stock has a market cap of $157.10 billion, a price-to-earnings ratio of 15.95 and a beta of 1.24. The stock’s 50 day moving average price is $31.99 and its 200 day moving average price is $32.31. Cisco Systems, Inc. has a 52 week low of $29.12 and a 52 week high of $34.60.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Cisco Systems had a net margin of 20.61% and a return on equity of 17.31%. The business had revenue of $11.94 billion for the quarter, compared to analyst estimates of $11.90 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Cisco Systems, Inc. will post $2.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 7th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, July 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. Cisco Systems’s dividend payout ratio is presently 58.29%.

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CSCO has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Cisco Systems in a research note on Monday, April 10th. Vetr cut Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 price objective for the company. in a research note on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Cisco Systems in a research note on Wednesday, April 26th. Robert W. Baird reaffirmed a “buy” rating on shares of Cisco Systems in a research note on Monday, May 1st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Cisco Systems in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.29.

In related news, SVP Karen Walker sold 7,802 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now owns 178,577 shares in the company, valued at $5,587,674.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the transaction, the senior vice president now owns 271,725 shares in the company, valued at approximately $8,616,399.75. The disclosure for this sale can be found here. Insiders have sold 396,179 shares of company stock worth $12,503,407 in the last quarter. Company insiders own 0.11% of the company’s stock.

About Cisco Systems

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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