Warren Averett Asset Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 12.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,997 shares of the network equipment provider’s stock after selling 3,486 shares during the period. Warren Averett Asset Management LLC’s holdings in Cisco Systems were worth $807,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CSCO. Richard Bernstein Advisors LLC boosted its position in Cisco Systems by 21.2% during 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 buying an additional 47,211 shares during the period. Stratos Wealth Partners LTD. boosted its position in Cisco Systems by 10.4% during 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 buying an additional 14,395 shares during the period. Eads & Heald Investment Counsel boosted its position in Cisco Systems by 15.7% during 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 buying an additional 5,765 shares during the period. Aviva PLC boosted its position in Cisco Systems by 6.5% during the 2nd quarter. Aviva PLC now owns 4,769,809 shares of the network equipment provider’s stock valued at $149,343,000 after buying an additional 289,899 shares during the period. Finally, Callahan Advisors LLC boosted its position in Cisco Systems by 0.3% during the 2nd quarter. Callahan Advisors LLC now owns 256,794 shares of the network equipment provider’s stock valued at $8,038,000 after buying an additional 651 shares during the period. 75.55% of the stock is owned by institutional investors.

Several brokerages have weighed in on CSCO. Jefferies Group increased their price target on shares of Cisco Systems to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Deutsche Bank reissued a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Cisco Systems in a research report on Thursday, November 16th. Bank of America increased their price target on shares of Cisco Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Stifel Nicolaus reissued a “hold” rating and set a $40.00 price target on shares of Cisco Systems in a research report on Thursday, December 14th. Finally, UBS Group reissued a “buy” rating and set a $39.00 price target on shares of Cisco Systems in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $37.66.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $39.69 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The stock has a market cap of $196,210.00, a PE ratio of 20.56, a P/E/G ratio of 3.57 and a beta of 1.19. Cisco Systems, Inc. has a 12 month low of $29.80 and a 12 month high of $39.96.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 15th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.11 billion. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. Cisco Systems’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. analysts anticipate that Cisco Systems, Inc. will post 2.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be paid a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.92%. Cisco Systems’s payout ratio is 60.10%.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total transaction of $211,131.14. Following the completion of the sale, the senior vice president now directly owns 176,418 shares in the company, valued at approximately $6,437,492.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the sale, the insider now owns 712,736 shares of the company’s stock, valued at $26,014,864. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,643 shares of company stock valued at $12,892,271. 0.05% of the stock is owned by company insiders.

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Cisco Systems 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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