Everett Harris & Co. CA Sells 480 Shares of Cisco Systems, Inc. (CSCO)

Everett Harris & Co. CA lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,403 shares of the network equipment provider’s stock after selling 480 shares during the quarter. Everett Harris & Co. CA’s holdings in Cisco Systems were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CSCO. Southeast Asset Advisors Inc. raised its holdings in Cisco Systems by 0.5% during the first quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Ronald Blue & Co. LLC raised its holdings in Cisco Systems by 0.3% during the second quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after purchasing an additional 57 shares in the last quarter. Banced Corp raised its holdings in Cisco Systems by 0.4% during the second quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after purchasing an additional 59 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in Cisco Systems by 0.4% during the second quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock worth $547,000 after purchasing an additional 72 shares in the last quarter. Finally, Telemus Capital LLC raised its holdings in Cisco Systems by 0.6% during the second quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock worth $383,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 75.22% of the company’s stock.

A number of analysts have weighed in on CSCO shares. Vetr cut shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 price objective on the stock. in a report on Wednesday, August 30th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cisco Systems in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $38.00 target price on shares of Cisco Systems in a report on Monday, September 11th. Finally, ValuEngine raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.31.

In related news, insider John T. Chambers sold 250,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the transaction, the insider now directly owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Prat Bhatt sold 25,638 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $821,954.28. Following the transaction, the chief accounting officer now owns 119,996 shares in the company, valued at $3,847,071.76. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Cisco Systems, Inc. (NASDAQ CSCO) opened at $33.95 on Tuesday. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.75. The company has a market capitalization of $168,311.06, a P/E ratio of 15.66, a PEG ratio of 2.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 3.03.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Cisco Systems had a return on equity of 16.91% and a net margin of 20.02%. The firm had revenue of $12.13 billion for the quarter, compared to analysts’ expectations of $12.07 billion. During the same period last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. sell-side analysts anticipate that Cisco Systems, Inc. will post 2.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.

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Cisco Systems Company Profile

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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