Cisco Systems, Inc. (CSCO) Position Lessened by Cambridge Advisors Inc.

Cambridge Advisors Inc. cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,944 shares of the network equipment provider’s stock after selling 3,150 shares during the quarter. Cambridge Advisors Inc.’s holdings in Cisco Systems were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in shares of Cisco Systems by 17.7% in the first quarter. Financial Management Professionals Inc. now owns 4,218 shares of the network equipment provider’s stock worth $118,000 after purchasing an additional 635 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Cisco Systems in the first quarter worth about $122,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Cisco Systems by 15.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,300 shares of the network equipment provider’s stock worth $145,000 after purchasing an additional 560 shares during the last quarter. Baystate Wealth Management LLC grew its stake in shares of Cisco Systems by 24.5% in the first quarter. Baystate Wealth Management LLC now owns 7,537 shares of the network equipment provider’s stock worth $146,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its stake in shares of Cisco Systems by 23.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 4,393 shares of the network equipment provider’s stock worth $148,000 after purchasing an additional 823 shares during the last quarter. 74.70% of the stock is currently owned by institutional investors.

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In related news, CEO Charles Robbins sold 121,390 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.06, for a total transaction of $3,891,763.40. Following the completion of the transaction, the chief executive officer now owns 552,694 shares of the company’s stock, valued at $17,719,369.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 of the company’s stock, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 420,138 shares of company stock valued at $13,239,624. 0.11% of the stock is currently owned by corporate insiders.

Shares of Cisco Systems, Inc. (CSCO) traded up 0.78% during midday trading on Friday, hitting $32.44. 29,336,087 shares of the stock were exchanged. The firm’s 50-day moving average is $31.66 and its 200-day moving average is $32.46. The stock has a market cap of $160.64 billion, a price-to-earnings ratio of 17.07 and a beta of 1.19. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results 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 net margin of 20.02% and a return on equity of 16.91%. The firm had revenue of $12.13 billion during the quarter, compared to analysts’ expectations of $12.07 billion. During the same quarter last year, the company posted $0.63 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts predict that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Thursday, October 5th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.

Several analysts recently issued reports on CSCO shares. Instinet reissued a “neutral” rating and issued a $29.00 target price on shares of Cisco Systems in a research note on Monday, July 3rd. J P Morgan Chase & Co reissued a “neutral” rating on shares of Cisco Systems in a research note on Monday, June 26th. Vetr raised Cisco Systems from a “hold” rating to a “buy” rating and set a $33.39 target price on the stock in a research note on Monday, July 17th. Stifel Nicolaus set a $34.00 target price on Cisco Systems and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Finally, William Blair reissued an “outperform” rating on shares of Cisco Systems in a research note on Sunday, May 21st. Fourteen research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.57.

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).

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

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