Tokio Marine Asset Management Co. Ltd. cut its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,491 shares of the network equipment provider’s stock after selling 20,447 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cisco Systems were worth $1,706,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSCO. Washington Trust Bank boosted its position in Cisco Systems by 2.5% during the second quarter. Washington Trust Bank now owns 113,153 shares of the network equipment provider’s stock worth $3,542,000 after purchasing an additional 2,726 shares during the period. Holderness Investments Co. boosted its position in Cisco Systems by 12.1% during the first quarter. Holderness Investments Co. now owns 66,740 shares of the network equipment provider’s stock worth $2,256,000 after purchasing an additional 7,186 shares during the period. Pioneer Investment Management Inc. boosted its position in Cisco Systems by 5.2% during the first quarter. Pioneer Investment Management Inc. now owns 8,258,748 shares of the network equipment provider’s stock worth $279,146,000 after purchasing an additional 408,875 shares during the period. Congress Asset Management Co. MA boosted its position in Cisco Systems by 4.1% during the first quarter. Congress Asset Management Co. MA now owns 147,410 shares of the network equipment provider’s stock worth $4,982,000 after purchasing an additional 5,796 shares during the period. Finally, Investment House LLC boosted its position in Cisco Systems by 7.5% during the second quarter. Investment House LLC now owns 85,400 shares of the network equipment provider’s stock worth $2,673,000 after purchasing an additional 5,975 shares during the period. 75.32% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $36.00 target price on shares of Cisco Systems in a report on Monday, June 26th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 target price for the company in a report on Wednesday, September 6th. Robert W. Baird reissued a “buy” rating and set a $38.00 target price on shares of Cisco Systems in a report on Monday, September 11th. Drexel Hamilton reissued a “buy” rating and set a $39.00 target price on shares of Cisco Systems in a report on Sunday, June 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $36.00 target price on shares of Cisco Systems in a report on Thursday, August 17th. Fifteen analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.30.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at 33.54 on Tuesday. The company has a 50-day moving average price of $32.80 and a 200 day moving average price of $32.33. The company has a market capitalization of $166.09 billion, a PE ratio of 17.65 and a beta of 1.21. 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 data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. The firm had revenue of $12.13 billion for the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th will be given a $0.29 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.46%. Cisco Systems’s dividend payout ratio is currently 60.73%.

In other news, SVP Karen Walker sold 23,110 shares of Cisco Systems stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the sale, the senior vice president now directly owns 192,774 shares in the company, valued at approximately $6,180,334.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John T. Chambers sold 250,000 shares of Cisco Systems stock in a transaction that occurred 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 completion of the sale, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 485,138 shares of company stock worth $15,347,574. Corporate insiders own 0.11% of the company’s stock.

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).

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

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