Lyell Wealth Management LP lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.8% during the second quarter, HoldingsChannel.com reports. The fund owned 75,653 shares of the network equipment provider’s stock after purchasing an additional 4,819 shares during the quarter. Lyell Wealth Management LP’s holdings in Cisco Systems were worth $3,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hoey Investments Inc. acquired a new stake in shares of Cisco Systems during the second quarter worth $26,000. Lion Street Advisors LLC acquired a new stake in shares of Cisco Systems during the first quarter worth $31,000. Bourgeon Capital Management LLC acquired a new stake in shares of Cisco Systems during the first quarter worth $32,000. Emerald Advisers LLC acquired a new stake in shares of Cisco Systems during the second quarter worth $38,000. Finally, Avondale Wealth Management lifted its holdings in shares of Cisco Systems by 238.0% during the first quarter. Avondale Wealth Management now owns 1,004 shares of the network equipment provider’s stock worth $39,000 after purchasing an additional 707 shares during the period. Institutional investors and hedge funds own 71.36% of the company’s stock.

Several equities research analysts recently weighed in on the company. 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. Credit Suisse Group reissued a “hold” rating and issued a $41.00 target price on shares of Cisco Systems in a report on Monday, July 20th. Barclays downgraded Cisco Systems to a “hold” rating in a report on Thursday, July 9th. KeyCorp downgraded Cisco Systems from an “overweight” rating to a “sector weight” rating in a report on Friday, April 17th. Finally, Wells Fargo & Co raised their target price on Cisco Systems from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Cisco Systems presently has a consensus rating of “Hold” and an average target price of $50.33.

Shares of NASDAQ CSCO traded up $0.66 during midday 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. The company has a market capitalization of $198.87 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 3.01 and a beta of 0.98. Cisco Systems, Inc. has a 1-year low of $32.40 and a 1-year high of $56.89. 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 company has a fifty day moving average price of $46.07 and a 200 day moving average price of $44.16.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. The business had revenue of $11.98 billion for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.78 EPS. On average, research analysts forecast that Cisco Systems, Inc. will post 2.86 EPS for the current year.

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

In related news, CAO Prat Bhatt sold 5,703 shares of the business’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 transaction of $255,893.61. Following the transaction, the chief accounting officer now directly owns 85,613 shares of the company’s stock, valued at approximately $3,841,455.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

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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