Tiaa Fsb lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 29.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 250,884 shares of the network equipment provider’s stock after selling 105,821 shares during the quarter. Tiaa Fsb’s holdings in Cisco Systems were worth $10,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC increased its position in Cisco Systems by 47.1% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 121,025 shares of the network equipment provider’s stock worth $5,191,000 after buying an additional 38,725 shares in the last quarter. Covington Investment Advisors Inc. purchased a new stake in Cisco Systems in the first quarter worth about $5,331,000. Winfield Associates Inc. increased its position in Cisco Systems by 121.0% in the first quarter. Winfield Associates Inc. now owns 4,671 shares of the network equipment provider’s stock worth $200,000 after buying an additional 2,557 shares in the last quarter. United Capital Financial Advisers LLC increased its position in Cisco Systems by 2.8% in the first quarter. United Capital Financial Advisers LLC now owns 2,078,752 shares of the network equipment provider’s stock worth $89,158,000 after buying an additional 56,027 shares in the last quarter. Finally, KBC Group NV increased its position in Cisco Systems by 29.6% in the first quarter. KBC Group NV now owns 2,095,433 shares of the network equipment provider’s stock worth $89,873,000 after buying an additional 478,673 shares in the last quarter. Institutional investors own 71.39% of the company’s stock.

In related news, EVP Mark D. Chandler sold 31,842 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $1,502,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Goeckeler sold 63,050 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $47.57, for a total value of $2,999,288.50. Following the transaction, the executive vice president now directly owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,620 shares of company stock valued at $21,322,282. 0.05% of the stock is owned by corporate insiders.

A number of analysts have commented on the company. Piper Jaffray Companies set a $50.00 price target on Cisco Systems and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Morgan Stanley upped their price target on Cisco Systems from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 4th. BidaskClub upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Loop Capital restated a “hold” rating and issued a $47.00 price target on shares of Cisco Systems in a research report on Monday, August 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price target on Cisco Systems from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $47.76.

NASDAQ CSCO opened at $48.56 on Friday. The stock has a market capitalization of $229.94 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.29 and a quick ratio of 2.22. Cisco Systems, Inc. has a twelve month low of $32.64 and a twelve month high of $48.64.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts predict that Cisco Systems, Inc. will post 2.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Friday, October 5th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, October 4th. Cisco Systems’s payout ratio is presently 56.41%.

About Cisco Systems

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.

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

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