Nadler Financial Group Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,990 shares of the network equipment provider’s stock after selling 1,352 shares during the quarter. Nadler Financial Group Inc.’s holdings in Cisco Systems were worth $438,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Watermark Asset Management Inc. acquired a new position in Cisco Systems in the first quarter worth approximately $122,000. Financial Management Professionals Inc. grew its position in 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. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after buying an additional 560 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after buying an additional 823 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in Cisco Systems by 14.3% in the first quarter. Thompson Davis & CO. Inc. now owns 4,441 shares of the network equipment provider’s stock worth $150,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 75.38% of the company’s stock.

Several research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $36.00 price target on shares of Cisco Systems in a research report on Monday, June 26th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price objective on the stock in a research report on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a research report on Monday, September 11th. Drexel Hamilton reiterated a “buy” rating and set a $39.00 price objective on shares of Cisco Systems in a research report on Sunday, June 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Thursday, August 17th. Fourteen analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.56.

In other Cisco Systems news, CAO Prat Bhatt sold 25,638 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total value of $821,954.28. Following the completion of the sale, the chief accounting officer now owns 119,996 shares in the company, valued at approximately $3,847,071.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $740,906.60. Following the completion of the sale, the senior vice president now 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 sold a total of 485,138 shares of company stock valued at $15,347,574 in the last quarter. Corporate insiders own 0.11% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.493% during mid-day trading on Thursday, reaching $33.605. 5,051,518 shares of the company were exchanged. The company’s 50 day moving average price is $32.28 and its 200-day moving average price is $32.36. The stock has a market capitalization of $166.41 billion, a price-to-earnings ratio of 17.687 and a beta of 1.21. Cisco Systems, Inc. has a 12-month low of $29.12 and a 12-month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. Cisco Systems’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is 60.73%.

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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).

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

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