Sharkey Howes & Javer increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,708 shares of the network equipment provider’s stock after buying an additional 2 shares during the period. Sharkey Howes & Javer’s holdings in Cisco Systems were worth $116,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CSCO. Southeast Asset Advisors Inc. raised its stake in Cisco Systems by 0.5% in the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after buying an additional 44 shares in the last quarter. Banced Corp raised its stake in Cisco Systems by 0.4% in the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after buying an additional 59 shares in the last quarter. Farmers National Bank raised its stake in Cisco Systems by 1.3% in the first quarter. Farmers National Bank now owns 6,344 shares of the network equipment provider’s stock valued at $201,000 after buying an additional 83 shares in the last quarter. Asset Dedication LLC raised its stake in Cisco Systems by 0.3% in the second quarter. Asset Dedication LLC now owns 29,991 shares of the network equipment provider’s stock valued at $924,000 after buying an additional 91 shares in the last quarter. Finally, Grubman Wealth Management raised its stake in Cisco Systems by 1.4% in the second quarter. Grubman Wealth Management now owns 7,100 shares of the network equipment provider’s stock valued at $222,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

Shares of Cisco Systems, Inc. (CSCO) traded up 0.330% during midday trading on Tuesday, hitting $31.945. The stock had a trading volume of 10,126,087 shares. The stock has a 50 day moving average of $31.53 and a 200-day moving average of $32.56. The company has a market cap of $159.73 billion, a P/E ratio of 16.216 and a beta of 1.24. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, July 5th. Cisco Systems’s dividend payout ratio is currently 58.29%.

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Several research analysts have recently weighed in on the company. Citigroup Inc. set a $36.00 target price on Cisco Systems and gave the stock a “buy” rating in a research note on Friday, May 19th. Berenberg Bank set a $33.00 target price on Cisco Systems and gave the stock a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein set a $38.00 target price on Cisco Systems and gave the stock a “buy” rating in a research note on Saturday, July 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $39.00 target price on shares of Cisco Systems in a research note on Tuesday. Finally, Vetr downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $37.03 target price for the company. in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $35.31.

In related news, SVP Rebecca Jacoby sold 92,840 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the transaction, the senior vice president now owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John T. Chambers sold 295,537 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock valued at $12,503,407 in the last three months. 0.11% of the stock is currently owned by company insiders.

Cisco Systems Company Profile

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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