StrongBox Wealth LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,907 shares of the network equipment provider’s stock after purchasing an additional 1,911 shares during the period. StrongBox Wealth LLC’s holdings in Cisco Systems were worth $835,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Lyell Wealth Management LP lifted its stake in shares of Cisco Systems by 6.8% in the second quarter. Lyell Wealth Management LP now owns 75,653 shares of the network equipment provider’s stock worth $3,528,000 after buying an additional 4,819 shares in the last quarter. TradeLink Capital LLC purchased a new position in shares of Cisco Systems in the second quarter worth about $694,000. Washington Trust Bank lifted its stake in shares of Cisco Systems by 5.3% in the second quarter. Washington Trust Bank now owns 29,652 shares of the network equipment provider’s stock worth $1,383,000 after buying an additional 1,498 shares in the last quarter. Ballast Advisors LLC lifted its stake in shares of Cisco Systems by 7.4% in the second quarter. Ballast Advisors LLC now owns 9,121 shares of the network equipment provider’s stock worth $425,000 after buying an additional 625 shares in the last quarter. Finally, Mitchell Capital Management Co. lifted its stake in shares of Cisco Systems by 1.1% in the second quarter. Mitchell Capital Management Co. now owns 48,340 shares of the network equipment provider’s stock worth $2,255,000 after buying an additional 507 shares in the last quarter. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Prat Bhatt sold 5,703 shares of Cisco Systems stock in a transaction that occurred on Monday, June 15th. The shares were 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 owns 85,613 shares in the company, valued at $3,841,455.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Shares of CSCO stock traded up $0.66 during trading on Friday, reaching $47.10. The company’s stock had a trading volume of 17,706,367 shares, compared to its average volume of 16,785,004. 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 company has a market capitalization of $198.87 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 3.05 and a beta of 0.98. The stock’s 50-day moving average price is $46.07 and its 200 day moving average price is $44.16. Cisco Systems, Inc. has a 1-year low of $32.40 and a 1-year high of $56.89.

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

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

Several equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $55.00 in a research report on Tuesday, June 16th. BidaskClub cut shares of Cisco Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday. Raymond James raised 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. TheStreet upgraded shares of Cisco Systems from a “c+” rating to a “b-” rating in a research report on Thursday, June 4th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research report on Friday, July 24th. They set an “outperform” rating and a $54.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.33.

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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