Aspiriant LLC Grows Position in Cisco Systems, Inc. (CSCO)

Aspiriant LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,270 shares of the network equipment provider’s stock after buying an additional 208 shares during the quarter. Aspiriant LLC’s holdings in Cisco Systems were worth $1,667,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barnett & Company Inc. grew its stake in Cisco Systems by 1,511.5% during the 2nd quarter. Barnett & Company Inc. now owns 3,223 shares of the network equipment provider’s stock worth $101,000 after buying an additional 3,023 shares during the last quarter. Tortoise Investment Management LLC grew its stake in Cisco Systems by 36.1% during the 2nd quarter. Tortoise Investment Management LLC now owns 3,309 shares of the network equipment provider’s stock worth $104,000 after buying an additional 878 shares during the last quarter. Grove Bank & Trust grew its stake in Cisco Systems by 141.3% during the 2nd quarter. Grove Bank & Trust now owns 3,620 shares of the network equipment provider’s stock worth $113,000 after buying an additional 2,120 shares during the last quarter. Watermark Asset Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth approximately $122,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Cisco Systems by 15.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.

Several research analysts have weighed in on CSCO shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a research note on Wednesday. Credit Suisse Group reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $38.00 target price on shares of Cisco Systems in a research note on Sunday, August 20th. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 target price on shares of Cisco Systems in a research note on Thursday, September 28th. Finally, Vetr downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $33.18 target price on the stock. in a research note on Wednesday, August 16th. One investment 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 presently has an average rating of “Buy” and a consensus price target of $35.31.

Shares of Cisco Systems, Inc. (NASDAQ CSCO) opened at $34.04 on Wednesday. Cisco Systems, Inc. has a 1 year low of $29.12 and a 1 year high of $34.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 3.03. The stock has a market capitalization of $168,113.00, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. equities research analysts forecast that Cisco Systems, Inc. will post 2.18 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Wednesday, October 4th. Cisco Systems’s payout ratio is 60.73%.

In other news, insider John T. Chambers sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total value of $7,785,000.00. Following the completion of the sale, the insider now owns 729,305 shares of the company’s stock, valued at $22,710,557.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Karen Walker sold 23,110 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $740,906.60. Following the completion of the sale, the senior vice president now directly owns 192,774 shares of the company’s stock, valued at approximately $6,180,334.44. The disclosure for this sale can be found here. Insiders sold 485,138 shares of company stock valued at $15,347,574 in the last ninety days. Company insiders own 0.05% of the company’s stock.

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Cisco Systems 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).

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

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