Spectrum Management Group Inc. lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,650 shares of the network equipment provider’s stock after purchasing an additional 8,084 shares during the quarter. Cisco Systems comprises 1.5% of Spectrum Management Group Inc.’s holdings, making the stock its 9th largest position. Spectrum Management Group Inc.’s holdings in Cisco Systems were worth $5,290,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. grew its holdings in Cisco Systems by 87.1% during the second 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 during the period. Stevens Capital Management LP grew its holdings in Cisco Systems by 39.1% during the second 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 during the period. UMB Bank N A MO grew its holdings in Cisco Systems by 104.5% during the second 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 during the period. Geneva Partners LLC grew its holdings in Cisco Systems by 26.3% during the second 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 during the period. Finally, Atlas Brown Inc. grew its holdings in Cisco Systems by 6.8% during the second 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 during the period. Hedge funds and other institutional investors own 73.73% of the company’s stock.

CSCO has been the topic of several analyst reports. Morgan Stanley dropped their target price on Cisco Systems from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Thursday, August 15th. BidaskClub lowered Cisco Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. set a $62.00 target price on Cisco Systems and gave the stock a “buy” rating in a report on Monday, August 12th. Oppenheimer raised their price objective on Cisco Systems from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Barclays initiated coverage on Cisco Systems in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.59.

In other news, EVP Mark D. Chandler sold 546 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.92, for a total value of $26,164.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven M. West sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $56.21, for a total value of $1,124,200.00. Following the completion of the transaction, the director now owns 5,263 shares in the company, valued at approximately $295,833.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,925 shares of company stock worth $4,976,706. Company insiders own 0.03% of the company’s stock.

NASDAQ CSCO opened at $48.99 on Thursday. The company has a market cap of $207.62 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.18. The stock’s 50 day simple moving average is $54.50 and its 200-day simple moving average is $53.76. Cisco Systems, Inc. has a 1-year low of $40.25 and a 1-year high of $58.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.51 and a quick ratio of 1.46.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.40 annualized dividend and a dividend yield of 2.86%. Cisco Systems’s dividend payout ratio (DPR) is presently 49.12%.

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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