OLD Point Trust & Financial Services N A boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,044 shares of the network equipment provider’s stock after buying an additional 1,750 shares during the period. Cisco Systems makes up about 2.7% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 13th biggest holding. OLD Point Trust & Financial Services N A’s holdings in Cisco Systems were worth $4,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Southeast Asset Advisors Inc. raised its position in Cisco Systems by 0.5% during the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Opes Advisors Inc raised its position in Cisco Systems by 0.6% during the second quarter. Opes Advisors Inc now owns 7,475 shares of the network equipment provider’s stock valued at $236,000 after purchasing an additional 44 shares during the period. Leisure Capital Management raised its position in Cisco Systems by 0.6% during the second quarter. Leisure Capital Management now owns 7,454 shares of the network equipment provider’s stock valued at $233,000 after purchasing an additional 48 shares during the period. Ronald Blue & Co. LLC raised its position in Cisco Systems by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 57 shares during the period. Finally, Banced Corp raised its position in Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock valued at $442,000 after purchasing an additional 59 shares during the period. 75.55% of the stock is owned by institutional investors.

A number of brokerages have issued reports on CSCO. Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $34.13 price objective on the stock. in a research report on Monday, September 25th. Berenberg Bank restated a “hold” rating and set a $33.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating and set a $32.00 price objective on shares of Cisco Systems in a research report on Monday, October 23rd. Citigroup restated a “buy” rating and set a $40.00 price objective on shares of Cisco Systems in a research report on Thursday, November 16th. They noted that the move was a valuation call. Finally, Nomura upped their price objective on Cisco Systems from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, November 16th. Two investment analysts have 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 presently has an average rating of “Buy” and an average price target of $37.10.

Shares of Cisco Systems, Inc. (CSCO) opened at $38.48 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.87 and a quick ratio of 2.81. The firm has a market capitalization of $190,576.63, a price-to-earnings ratio of 19.94, a PEG ratio of 3.49 and a beta of 1.19. Cisco Systems, Inc. has a 52-week low of $29.80 and a 52-week high of $38.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a $0.29 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.01%. Cisco Systems’s payout ratio is 60.10%.

In other news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $36.50, for a total value of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares of the company’s stock, valued at approximately $26,014,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rebecca Jacoby sold 75,021 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $38.42, for a total value of $2,882,306.82. Following the completion of the sale, the senior vice president now directly owns 257,476 shares of the company’s stock, valued at approximately $9,892,227.92. The disclosure for this sale can be found here. Insiders sold a total of 348,643 shares of company stock valued at $12,892,271 in the last three months. 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).

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

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