Clear Harbor Asset Management LLC lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 48.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,623 shares of the network equipment provider’s stock after selling 8,053 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Cisco Systems were worth $269,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after buying an additional 635 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth about $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after buying an additional 560 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after buying an additional 1,484 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 75.37% of the company’s stock.

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In other news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $32.43, for a total transaction of $2,107,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the sale, the insider now owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 485,138 shares of company stock valued at $15,347,574. Insiders own 0.11% of the company’s stock.

Cisco Systems, Inc. (NASDAQ CSCO) traded up 0.71% on Thursday, hitting $32.83. The stock had a trading volume of 10,474,520 shares. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The firm has a market cap of $162.57 billion, a price-to-earnings ratio of 17.28 and a beta of 1.19. The company’s 50-day moving average price is $31.72 and its 200 day moving average price is $32.41. Cisco Systems also was the target of unusually large options trading on Monday. Stock traders bought 16,510 put options on the company. This represents an increase of 117% compared to the typical volume of 7,614 put options.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Analysts expect that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. Cisco Systems’s payout ratio is 60.73%.

CSCO has been the topic of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $37.00 target price on shares of Cisco Systems in a research note on Friday, May 26th. Morgan Stanley set a $39.00 target price on Cisco Systems and gave the stock a “buy” rating in a research note on Monday, May 29th. Deutsche Bank AG restated a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research note on Tuesday, June 13th. Drexel Hamilton restated a “buy” rating and issued a $39.00 target price on shares of Cisco Systems in a research note on Sunday, June 25th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Cisco Systems in a research note on Monday, June 26th. Fourteen analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.57.

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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