Endurance Wealth Management Inc. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,639 shares of the network equipment provider’s stock after selling 2,325 shares during the period. Endurance Wealth Management Inc.’s holdings in Cisco Systems were worth $5,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of Cisco Systems during the third quarter worth approximately $211,000. Financial Advisory Service Inc. boosted its holdings in shares of Cisco Systems by 19.6% during the third quarter. Financial Advisory Service Inc. now owns 16,373 shares of the network equipment provider’s stock worth $551,000 after acquiring an additional 2,684 shares during the period. Guardian Investment Management boosted its holdings in shares of Cisco Systems by 6.3% during the third quarter. Guardian Investment Management now owns 35,650 shares of the network equipment provider’s stock worth $1,199,000 after acquiring an additional 2,100 shares during the period. Kistler Tiffany Companies LLC boosted its holdings in shares of Cisco Systems by 17.6% during the third quarter. Kistler Tiffany Companies LLC now owns 17,247 shares of the network equipment provider’s stock worth $580,000 after acquiring an additional 2,585 shares during the period. Finally, Round Table Services LLC boosted its holdings in shares of Cisco Systems by 35.4% during the third quarter. Round Table Services LLC now owns 23,650 shares of the network equipment provider’s stock worth $795,000 after acquiring an additional 6,187 shares during the period. Hedge funds and other institutional investors own 75.55% of the company’s stock.

Several brokerages recently issued reports on CSCO. Vetr upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target for the company in a research note on Wednesday, September 6th. ValuEngine cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Oppenheimer reiterated a “buy” rating and issued a $36.00 price target on shares of Cisco Systems in a research note on Tuesday, October 31st. Cowen reiterated a “buy” rating on shares of Cisco Systems in a research note on Friday, November 17th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $45.00 price target (up from $40.00) on shares of Cisco Systems in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company. Cisco Systems has a consensus rating of “Buy” and an average target price of $37.10.

Cisco Systems, Inc. (CSCO) opened at $38.55 on Friday. Cisco Systems, Inc. has a 1 year low of $29.80 and a 1 year high of $38.99. The company has a market cap of $190,477.75, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.81 and a current ratio of 2.87.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.01%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

In other news, SVP Karen Walker sold 5,786 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 176,418 shares in the company, valued at $6,437,492.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the transaction, 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. Insiders have sold 348,643 shares of company stock valued at $12,892,271 over the last quarter. Company insiders own 0.05% of the company’s stock.

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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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