Asset Planning Services Inc. LA ADV reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 108,049 shares of the network equipment provider’s stock after selling 550 shares during the quarter. Cisco Systems makes up 3.6% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 12th largest holding. Asset Planning Services Inc. LA ADV’s holdings in Cisco Systems were worth $5,039,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Calton & Associates Inc. lifted its stake in shares of Cisco Systems by 1.6% during the first quarter. Calton & Associates Inc. now owns 14,771 shares of the network equipment provider’s stock valued at $581,000 after acquiring an additional 239 shares during the period. McAdam LLC lifted its stake in Cisco Systems by 2.1% in the first quarter. McAdam LLC now owns 11,735 shares of the network equipment provider’s stock valued at $461,000 after buying an additional 245 shares during the period. JOYN Advisors Inc. lifted its stake in Cisco Systems by 3.4% in the first quarter. JOYN Advisors Inc. now owns 7,576 shares of the network equipment provider’s stock valued at $298,000 after buying an additional 246 shares during the period. Ellevest Inc. lifted its stake in Cisco Systems by 13.2% in the first quarter. Ellevest Inc. now owns 2,151 shares of the network equipment provider’s stock valued at $85,000 after buying an additional 250 shares during the period. Finally, Private Vista LLC lifted its stake in Cisco Systems by 1.7% in the first quarter. Private Vista LLC now owns 15,314 shares of the network equipment provider’s stock valued at $601,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Several equities analysts have weighed in on CSCO shares. UBS Group cut their target price on Cisco Systems from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Nomura increased their price target on Cisco Systems from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird downgraded Cisco Systems from an “outperform” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Wednesday, June 10th. Bank of America upgraded Cisco Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $48.00 to $55.00 in a report on Tuesday, June 16th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Thursday, May 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Cisco Systems presently has an average rating of “Hold” and an average target price of $50.70.

CSCO stock traded up $0.07 during mid-day trading on Tuesday, reaching $46.00. The company had a trading volume of 2,210,848 shares, compared to its average volume of 24,469,296. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $46.15 and a two-hundred day simple moving average of $44.26. The company has a market capitalization of $197.01 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.02 and a beta of 0.98. Cisco Systems, Inc. has a 52 week low of $32.40 and a 52 week high of $58.26.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.13%. Cisco Systems’s payout ratio is 50.53%.

In other news, CAO Prat Bhatt sold 5,703 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $44.87, for a total value of $255,893.61. Following the completion of the sale, the chief accounting officer now directly owns 85,613 shares of the company’s stock, valued at $3,841,455.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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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