Patriot Wealth Management Inc. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,828 shares of the network equipment provider’s stock after buying an additional 1,525 shares during the period. Cisco Systems comprises 1.7% of Patriot Wealth Management Inc.’s holdings, making the stock its 14th biggest holding. Patriot Wealth Management Inc. owned about 6,155.93% of Cisco Systems worth $10,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Richard Bernstein Advisors LLC raised its holdings in shares of Cisco Systems by 21.2% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 269,441 shares of the network equipment provider’s stock valued at $8,434,000 after purchasing an additional 47,211 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Cisco Systems by 10.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 152,990 shares of the network equipment provider’s stock valued at $4,789,000 after purchasing an additional 14,395 shares in the last quarter. Eads & Heald Investment Counsel raised its holdings in shares of Cisco Systems by 15.7% in the 2nd quarter. Eads & Heald Investment Counsel now owns 42,453 shares of the network equipment provider’s stock valued at $1,329,000 after purchasing an additional 5,765 shares in the last quarter. Aviva PLC raised its holdings in shares of Cisco Systems by 6.5% in the 2nd quarter. Aviva PLC now owns 4,769,809 shares of the network equipment provider’s stock valued at $149,343,000 after purchasing an additional 289,899 shares in the last quarter. Finally, Callahan Advisors LLC raised its holdings in shares of Cisco Systems by 0.3% in the 2nd quarter. Callahan Advisors LLC now owns 256,794 shares of the network equipment provider’s stock valued at $8,038,000 after purchasing an additional 651 shares in the last quarter. 75.60% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on CSCO shares. Oppenheimer restated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a report on Tuesday, October 31st. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $35.78 price target for the company. in a report on Friday, November 17th. Cowen restated a “buy” rating on shares of Cisco Systems in a report on Friday, November 17th. Deutsche Bank restated a “buy” rating and issued a $45.00 price target (up previously from $40.00) on shares of Cisco Systems in a report on Thursday, November 16th. Finally, Royal Bank of Canada boosted their price target on shares of Cisco Systems to $40.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems presently has an average rating of “Buy” and an average target price of $38.80.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $41.29 on Friday. The company has a market cap of $204,070.00, a P/E ratio of 21.39, a P/E/G ratio of 3.73 and a beta of 1.19. Cisco Systems, Inc. has a 52 week low of $30.00 and a 52 week high of $41.52. 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 earnings results 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 the consensus estimate 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 was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. analysts forecast that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Friday, January 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, January 4th. Cisco Systems’s dividend payout ratio is presently 60.10%.

In other Cisco Systems news, CAO Prat Bhatt sold 2,606 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $95,092.94. Following the sale, the chief accounting officer now owns 89,184 shares of the company’s stock, valued at approximately $3,254,324.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total transaction of $2,882,306.82. Following the sale, the senior vice president now directly owns 257,476 shares in the company, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 348,643 shares of company stock worth $12,892,271. 0.05% of the stock is owned by insiders.

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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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