Fort L.P. increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 45.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 748,150 shares of the network equipment provider’s stock after purchasing an additional 233,531 shares during the period. Cisco Systems accounts for about 6.2% of Fort L.P.’s holdings, making the stock its 3rd biggest holding. Fort L.P.’s holdings in Cisco Systems were worth $25,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Barnett & Company Inc. boosted its position in Cisco Systems by 1,511.5% in the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock valued at $101,000 after buying an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Cisco Systems by 36.1% in the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock valued at $104,000 after buying an additional 878 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Cisco Systems in the 2nd quarter valued at about $104,000. Grove Bank & Trust boosted its position in Cisco Systems by 141.3% in the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 2,120 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Cisco Systems by 10.7% in the 2nd quarter. Manchester Capital Management LLC now owns 3,606 shares of the network equipment provider’s stock valued at $113,000 after buying an additional 350 shares during the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.

In other Cisco Systems news, SVP Karen Walker sold 5,786 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.49, for a total value of $211,131.14. Following the sale, the senior vice president now 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 is available through the SEC website. Also, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $36.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the insider now owns 712,736 shares in the company, valued at approximately $26,014,864. The disclosure for this sale can be found here. Insiders sold 348,643 shares of company stock worth $12,892,271 in the last 90 days. 0.05% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the stock. Goldman Sachs Group set a $51.00 price objective on shares of Cisco Systems and gave the company a “buy” rating in a research report on Thursday. Citigroup upped their price objective on shares of Cisco Systems from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday. Instinet upped their price objective on shares of Cisco Systems from $39.53 to $46.00 and gave the company a “buy” rating in a research report on Monday. Nomura raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $44.00 price objective on shares of Cisco Systems in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.47.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) opened at $42.09 on Thursday. Cisco Systems, Inc. has a 12 month low of $30.36 and a 12 month high of $42.98. The company has a market cap of $208,080.00, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 3.65 and a beta of 1.23. The company has a quick ratio of 2.81, a current ratio of 2.87 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Cisco Systems had a net margin of 20.26% and a return on equity of 16.64%. During the same period last year, the company earned $0.57 EPS. equities research analysts forecast that Cisco Systems, Inc. will post 2.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, April 5th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.14%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.29. Cisco Systems’s dividend payout ratio (DPR) is presently 60.10%.

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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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