Montag A & Associates Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 272,598 shares of the network equipment provider’s stock after acquiring an additional 2,865 shares during the period. Cisco Systems accounts for 1.2% of Montag A & Associates Inc.’s portfolio, making the stock its 19th largest position. Montag A & Associates Inc.’s holdings in Cisco Systems were worth $13,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mirador Capital Partners LP boosted its position in shares of Cisco Systems by 1.7% during the second quarter. Mirador Capital Partners LP now owns 11,977 shares of the network equipment provider’s stock worth $656,000 after purchasing an additional 199 shares in the last quarter. Weil Company Inc. boosted its position in shares of Cisco Systems by 0.5% during the second quarter. Weil Company Inc. now owns 38,992 shares of the network equipment provider’s stock worth $2,134,000 after purchasing an additional 201 shares in the last quarter. Pinnacle Holdings LLC boosted its position in shares of Cisco Systems by 1.0% during the second quarter. Pinnacle Holdings LLC now owns 19,758 shares of the network equipment provider’s stock worth $1,081,000 after purchasing an additional 201 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of Cisco Systems by 2.0% during the second quarter. Baystate Wealth Management LLC now owns 10,228 shares of the network equipment provider’s stock worth $600,000 after purchasing an additional 202 shares in the last quarter. Finally, Keel Point LLC lifted its position in Cisco Systems by 3.7% in the 2nd quarter. Keel Point LLC now owns 5,708 shares of the network equipment provider’s stock valued at $312,000 after acquiring an additional 202 shares in the last quarter. 73.27% of the stock is owned by hedge funds and other institutional investors.

CSCO has been the topic of several research reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $49.00 price objective (down from $50.00) on shares of Cisco Systems in a research report on Tuesday. Evercore ISI initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $60.00 price objective on the stock. BidaskClub raised shares of Cisco Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday. Citigroup cut their price objective on shares of Cisco Systems from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Morgan Stanley cut their price objective on shares of Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Buy” and a consensus price target of $55.92.

In other news, CEO Charles Robbins sold 18,955 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $50.04, for a total transaction of $948,508.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $46.72, for a total transaction of $3,270,400.00. Following the transaction, the chief financial officer now owns 277,548 shares in the company, valued at $12,967,042.56. The disclosure for this sale can be found here. Insiders have sold a total of 193,130 shares of company stock worth $9,359,179 over the last three months. Insiders own 0.03% of the company’s stock.

NASDAQ:CSCO traded up $0.41 on Friday, hitting $48.83. 14,406,400 shares of the company’s stock were exchanged, compared to its average volume of 20,421,934. The firm has a 50-day moving average price of $47.57 and a 200-day moving average price of $52.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.51 and a quick ratio of 1.46. Cisco Systems, Inc. has a 52 week low of $40.25 and a 52 week high of $58.26. The company has a market cap of $202.69 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Cisco Systems had a net margin of 22.39% and a return on equity of 32.43%. The firm had revenue of $13.43 billion for the quarter, compared to analysts’ expectations of $13.39 billion. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that Cisco Systems, Inc. will post 3.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.40 annualized dividend and a yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.12%.

Cisco Systems Company 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.

Featured Story: The benefits and drawbacks of dollar cost averaging

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.