First Western Capital Management Co trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,589 shares of the network equipment provider’s stock after selling 4,231 shares during the quarter. First Western Capital Management Co’s holdings in Cisco Systems were worth $582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CSCO. River Wealth Advisors LLC grew its holdings in Cisco Systems by 7.7% during the 2nd quarter. River Wealth Advisors LLC now owns 14,341 shares of the network equipment provider’s stock valued at $449,000 after purchasing an additional 1,022 shares during the last quarter. Barnett & Company Inc. grew its holdings in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after purchasing an additional 3,023 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Cisco Systems by 38.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 366,531 shares of the network equipment provider’s stock valued at $11,473,000 after purchasing an additional 102,021 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in Cisco Systems by 5.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 14,751 shares of the network equipment provider’s stock valued at $462,000 after purchasing an additional 701 shares during the last quarter. Finally, Edge Wealth Management LLC grew its holdings in Cisco Systems by 31.7% during the 2nd quarter. Edge Wealth Management LLC now owns 392,608 shares of the network equipment provider’s stock valued at $12,210,000 after purchasing an additional 94,498 shares during the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

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In other Cisco Systems news, SVP Mark D. Chandler sold 65,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $32.43, for a total transaction of $2,107,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Prat Bhatt sold 25,638 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total transaction of $821,954.28. Following the transaction, the chief accounting officer now owns 119,996 shares of the company’s stock, valued at approximately $3,847,071.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 485,138 shares of company stock valued at $15,347,574. 0.11% of the stock is owned by insiders.

Several equities analysts recently commented on CSCO shares. Instinet reiterated a “neutral” rating and set a $29.00 price target on shares of Cisco Systems in a report on Monday, July 3rd. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Cisco Systems in a report on Monday, June 26th. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 price target on the stock in a report on Monday, July 17th. Stifel Nicolaus set a $34.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a report on Tuesday, August 15th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $32.00 price target on shares of Cisco Systems in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have given a buy rating to the stock. Cisco Systems currently has a consensus rating of “Buy” and an average target price of $35.30.

Shares of Cisco Systems, Inc. (CSCO) opened at 34.25 on Friday. Cisco Systems, Inc. has a 52-week low of $29.12 and a 52-week high of $34.60. The firm has a market cap of $169.60 billion, a price-to-earnings ratio of 18.03 and a beta of 1.21. The company’s 50-day moving average is $33.05 and its 200 day moving average is $32.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Thursday, October 5th will be given 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 yield of 3.39%. Cisco Systems’s payout ratio is currently 60.73%.

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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