Cisco Systems, Inc. (CSCO) Holdings Reduced by Girard Partners LTD.

Girard Partners LTD. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,087 shares of the network equipment provider’s stock after selling 2,944 shares during the quarter. Cisco Systems accounts for approximately 1.5% of Girard Partners LTD.’s investment portfolio, making the stock its 16th largest position. Girard Partners LTD.’s holdings in Cisco Systems were worth $7,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Summit Trail Advisors LLC boosted its stake in Cisco Systems by 4,313.3% during the first quarter. Summit Trail Advisors LLC now owns 4,814,373 shares of the network equipment provider’s stock worth $4,814,000 after buying an additional 4,705,284 shares during the period. BlackRock Inc. boosted its stake in Cisco Systems by 1.1% during the first quarter. BlackRock Inc. now owns 339,004,547 shares of the network equipment provider’s stock worth $14,539,904,000 after buying an additional 3,630,488 shares during the period. OppenheimerFunds Inc. boosted its stake in Cisco Systems by 61.0% during the first quarter. OppenheimerFunds Inc. now owns 9,183,708 shares of the network equipment provider’s stock worth $393,888,000 after buying an additional 3,479,165 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Cisco Systems by 50.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 5,785,356 shares of the network equipment provider’s stock worth $248,135,000 after buying an additional 1,943,896 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Cisco Systems during the second quarter worth $78,609,000. 71.53% of the stock is owned by institutional investors.

CSCO stock opened at $45.75 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $213.18 billion, a P/E ratio of 19.55, a PEG ratio of 2.59 and a beta of 1.07. Cisco Systems, Inc. has a 1-year low of $33.67 and a 1-year high of $49.47.



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, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Friday, October 5th were issued a $0.33 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.32 annualized dividend and a dividend yield of 2.89%. Cisco Systems’s payout ratio is currently 56.41%.

CSCO has been the subject of several research analyst reports. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. UBS Group set a $56.00 target price on Cisco Systems and gave the stock a “buy” rating in a research report on Wednesday, September 26th. BidaskClub upgraded Cisco Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Cowen lifted their target price on Cisco Systems from $51.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, August 16th. Finally, JPMorgan Chase & Co. set a $59.00 target price on Cisco Systems and gave the stock a “buy” rating in a research report on Thursday, August 16th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.76.

In related news, Chairman Charles Robbins sold 217,420 shares of Cisco Systems stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $47.28, for a total value of $10,279,617.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Chandler sold 31,842 shares of Cisco Systems stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $1,502,942.40. The disclosure for this sale can be found here. Insiders sold 450,620 shares of company stock valued at $21,322,282 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

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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