Ballast Advisors LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,121 shares of the network equipment provider’s stock after buying an additional 625 shares during the period. Ballast Advisors LLC’s holdings in Cisco Systems were worth $425,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in shares of Cisco Systems by 3.1% in the 4th quarter. Sunbelt Securities Inc. now owns 222,012 shares of the network equipment provider’s stock valued at $10,440,000 after acquiring an additional 6,712 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $227,000. Stillwater Investment Management LLC lifted its holdings in shares of Cisco Systems by 3.0% in the 1st quarter. Stillwater Investment Management LLC now owns 74,426 shares of the network equipment provider’s stock valued at $2,926,000 after acquiring an additional 2,145 shares during the last quarter. Fulton Bank N.A. lifted its holdings in shares of Cisco Systems by 37.2% in the 1st quarter. Fulton Bank N.A. now owns 128,997 shares of the network equipment provider’s stock valued at $5,071,000 after acquiring an additional 34,954 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC lifted its holdings in shares of Cisco Systems by 6.9% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 16,988 shares of the network equipment provider’s stock valued at $668,000 after acquiring an additional 1,100 shares during the last quarter. 71.36% of the stock is owned by institutional investors.

CSCO traded up $0.66 during trading on Friday, hitting $47.10. The stock had a trading volume of 17,706,367 shares, compared to its average volume of 16,785,004. Cisco Systems, Inc. has a twelve month low of $32.40 and a twelve month high of $56.89. The stock has a 50 day simple moving average of $46.07 and a two-hundred day simple moving average of $44.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.55 and a current ratio of 1.59. The company has a market capitalization of $198.87 billion, a PE ratio of 15.69, a PEG ratio of 3.01 and a beta of 0.98.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.44 annualized dividend and a dividend yield of 3.06%. Cisco Systems’s payout ratio is currently 50.53%.

In other news, CAO Prat Bhatt sold 5,703 shares of Cisco Systems stock in a transaction on Monday, June 15th. The shares were sold at an average price of $44.87, for a total transaction of $255,893.61. Following the completion of the sale, the chief accounting officer now directly owns 85,613 shares in the company, valued at $3,841,455.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

A number of analysts recently weighed in on CSCO shares. Credit Suisse Group reissued a “hold” rating and issued a $41.00 price objective on shares of Cisco Systems in a research report on Monday, July 20th. Raymond James increased their price objective on shares of Cisco Systems from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered shares of Cisco Systems from an “overweight” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Thursday, July 16th. Finally, BidaskClub lowered shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Cisco Systems has a consensus rating of “Hold” and a consensus price target of $50.33.

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.

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

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