WMS Partners LLC lessened its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.1% during the first quarter, Holdings Channel.com reports. The fund owned 60,231 shares of the network equipment provider’s stock after selling 3,906 shares during the period. Cisco Systems accounts for 0.7% of WMS Partners LLC’s holdings, making the stock its 29th largest holding. WMS Partners LLC’s holdings in Cisco Systems were worth $2,368,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Permanens Capital L.P. bought a new stake in shares of Cisco Systems during the 4th quarter valued at about $31,000. Lion Street Advisors LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at about $31,000. Bourgeon Capital Management LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at about $32,000. Avondale Wealth Management boosted its stake in shares of Cisco Systems by 238.0% during the 1st quarter. Avondale Wealth Management now owns 1,004 shares of the network equipment provider’s stock valued at $39,000 after purchasing an additional 707 shares in the last quarter. Finally, Efficient Wealth Management LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at about $44,000. 71.52% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Co lifted their target price on shares of Cisco Systems from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Nomura Instinet lifted their target price on shares of Cisco Systems from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley lifted their price target on shares of Cisco Systems from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. MKM Partners lifted their price target on shares of Cisco Systems from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Goldman Sachs Group reissued a “hold” rating and set a $48.00 price target on shares of Cisco Systems in a research report on Thursday, February 13th. Sixteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.13.

Cisco Systems stock traded up $0.05 during trading hours on Wednesday, hitting $46.94. The stock had a trading volume of 17,364,100 shares, compared to its average volume of 23,612,702. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $197.98 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 3.00 and a beta of 1.00. Cisco Systems, Inc. has a 12-month low of $32.40 and a 12-month high of $58.26. The stock’s 50-day moving average price is $43.34 and its 200-day moving average price is $44.10.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Cisco Systems had a net margin of 21.32% and a return on equity of 36.47%. The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the business posted $0.78 earnings per share. On average, research analysts expect that Cisco Systems, Inc. will post 2.86 EPS for the current fiscal year.

Cisco Systems Company 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.

Featured Article: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.