Parsons Capital Management Inc. RI boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,462 shares of the network equipment provider’s stock after buying an additional 16,415 shares during the period. Cisco Systems makes up about 0.8% of Parsons Capital Management Inc. RI’s holdings, making the stock its 26th biggest position. Parsons Capital Management Inc. RI’s holdings in Cisco Systems were worth $7,469,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Great Valley Advisor Group Inc. boosted its stake in shares of Cisco Systems by 87.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 53,601 shares of the network equipment provider’s stock worth $2,935,000 after acquiring an additional 24,948 shares in the last quarter. Stevens Capital Management LP boosted its stake in shares of Cisco Systems by 39.1% during the 2nd quarter. Stevens Capital Management LP now owns 555,338 shares of the network equipment provider’s stock worth $30,394,000 after acquiring an additional 156,143 shares in the last quarter. UMB Bank N A MO boosted its stake in shares of Cisco Systems by 104.5% during the 2nd quarter. UMB Bank N A MO now owns 362,875 shares of the network equipment provider’s stock worth $19,860,000 after acquiring an additional 185,451 shares in the last quarter. Geneva Partners LLC boosted its stake in shares of Cisco Systems by 26.3% during the 2nd quarter. Geneva Partners LLC now owns 21,039 shares of the network equipment provider’s stock worth $1,151,000 after acquiring an additional 4,386 shares in the last quarter. Finally, Atlas Brown Inc. boosted its stake in shares of Cisco Systems by 6.8% during the 2nd quarter. Atlas Brown Inc. now owns 16,157 shares of the network equipment provider’s stock worth $884,000 after acquiring an additional 1,025 shares in the last quarter. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CSCO traded up $0.84 during mid-day trading on Wednesday, hitting $48.77. 333,252 shares of the company’s stock traded hands, compared to its average volume of 21,591,702. The firm has a 50 day moving average of $54.64 and a two-hundred day moving average of $53.76. Cisco Systems, Inc. has a 12 month low of $40.25 and a 12 month high of $58.26. The firm has a market capitalization of $201.02 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.16 and a beta of 1.18. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $13.43 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Cisco Systems had a return on equity of 32.43% and a net margin of 22.39%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Friday, July 5th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.40 annualized dividend and a yield of 2.87%. Cisco Systems’s dividend payout ratio (DPR) is 49.12%.

Several research firms have recently issued reports on CSCO. Jefferies Financial Group upped their price target on Cisco Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cisco Systems from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Tuesday, May 21st. Royal Bank of Canada decreased their price target on Cisco Systems from $64.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Piper Jaffray Companies increased their target price on Cisco Systems from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. set a $62.00 target price on Cisco Systems and gave the company a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.59.

In other Cisco Systems news, CFO Kelly A. Kramer sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $53.56, for a total value of $3,749,200.00. Following the completion of the transaction, the chief financial officer now owns 349,122 shares of the company’s stock, valued at approximately $18,698,974.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Chandler sold 1,379 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $55.94, for a total value of $77,141.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,379 shares of company stock valued at $4,950,541. Insiders own 0.03% of the company’s stock.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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

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