Sage Rhino Capital LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,527 shares of the network equipment provider’s stock after acquiring an additional 473 shares during the quarter. Sage Rhino Capital LLC’s holdings in Cisco Systems were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its holdings in Cisco Systems by 0.5% during the 2nd quarter. NEXT Financial Group Inc now owns 49,129 shares of the network equipment provider’s stock worth $2,291,000 after buying an additional 230 shares during the period. Strategic Wealth Management Group LLC lifted its holdings in Cisco Systems by 2.8% during the 2nd quarter. Strategic Wealth Management Group LLC now owns 8,766 shares of the network equipment provider’s stock worth $409,000 after buying an additional 235 shares during the period. Calton & Associates Inc. lifted its holdings in Cisco Systems by 1.6% during the 1st quarter. Calton & Associates Inc. now owns 14,771 shares of the network equipment provider’s stock worth $581,000 after buying an additional 239 shares during the period. McAdam LLC lifted its holdings in Cisco Systems by 2.1% during the 1st quarter. McAdam LLC now owns 11,735 shares of the network equipment provider’s stock worth $461,000 after buying an additional 245 shares during the period. Finally, JOYN Advisors Inc. lifted its holdings in Cisco Systems by 3.4% during the 1st quarter. JOYN Advisors Inc. now owns 7,576 shares of the network equipment provider’s stock worth $298,000 after buying an additional 246 shares during the period. 71.36% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the company. BidaskClub downgraded Cisco Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, May 14th. Nomura boosted their price objective on Cisco Systems from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Nomura Instinet boosted their price objective on Cisco Systems from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Wolfe Research assumed coverage on Cisco Systems in a research note on Friday, July 24th. They issued an “outperform” rating and a $54.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.33.

CSCO traded up $0.66 during midday trading on Friday, reaching $47.10. 17,706,367 shares of the company were exchanged, compared to its average volume of 16,785,004. 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’s fifty day moving average price is $46.07 and its 200 day moving average price is $44.16. The company has a market cap of $198.87 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. Cisco Systems, Inc. has a one year low of $32.40 and a one year high of $56.89.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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. The firm had revenue of $11.98 billion during 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. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

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

In other news, CAO Prat Bhatt sold 5,703 shares of the company’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 transaction, 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

About Cisco Systems

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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