LS Investment Advisors LLC Trims Holdings in Cisco Systems, Inc. (CSCO)

LS Investment Advisors LLC decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,657 shares of the network equipment provider’s stock after selling 4,526 shares during the period. LS Investment Advisors LLC’s holdings in Cisco Systems were worth $7,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CSCO. Cetera Advisors LLC lifted its stake in shares of Cisco Systems by 1.4% in the 1st quarter. Cetera Advisors LLC now owns 78,073 shares of the network equipment provider’s stock worth $3,350,000 after acquiring an additional 1,106 shares during the period. Stellar Capital Management LLC lifted its stake in shares of Cisco Systems by 3.4% in the 1st quarter. Stellar Capital Management LLC now owns 33,236 shares of the network equipment provider’s stock worth $1,426,000 after acquiring an additional 1,107 shares during the period. FCG Advisors LLC lifted its stake in shares of Cisco Systems by 7.9% in the 1st quarter. FCG Advisors LLC now owns 15,574 shares of the network equipment provider’s stock worth $668,000 after acquiring an additional 1,140 shares during the period. Neumann Capital Management LLC lifted its stake in shares of Cisco Systems by 6.8% in the 1st quarter. Neumann Capital Management LLC now owns 18,437 shares of the network equipment provider’s stock worth $791,000 after acquiring an additional 1,167 shares during the period. Finally, Ballast Inc. lifted its stake in shares of Cisco Systems by 6.6% in the 1st quarter. Ballast Inc. now owns 18,810 shares of the network equipment provider’s stock worth $807,000 after acquiring an additional 1,172 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

In other news, SVP Irving Tan sold 68,308 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $47.38, for a total transaction of $3,236,433.04. Following the transaction, the senior vice president now owns 150,763 shares in the company, valued at approximately $7,143,150.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kelly A. Kramer sold 70,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $47.20, for a total transaction of $3,304,000.00. Following the transaction, the chief financial officer now owns 720,930 shares in the company, valued at approximately $34,027,896. The disclosure for this sale can be found here. In the last quarter, insiders sold 450,620 shares of company stock worth $21,322,282. Company insiders own 0.05% of the company’s stock.

Several analysts recently commented on CSCO shares. BidaskClub lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Piper Jaffray Companies set a $50.00 target price on shares of Cisco Systems and gave the company a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, July 17th. Morgan Stanley cut their target price on shares of Cisco Systems from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, July 19th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $56.00 target price on shares of Cisco Systems in a research note on Thursday, August 16th. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.76.

Cisco Systems stock traded up $1.59 during trading hours on Friday, hitting $45.71. The company had a trading volume of 35,315,760 shares, compared to its average volume of 24,004,289. The firm has a market cap of $234.37 billion, a PE ratio of 19.53, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.22 and a current ratio of 2.29. Cisco Systems, Inc. has a fifty-two week low of $33.32 and a fifty-two week high of $49.47.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Cisco Systems had a net margin of 0.22% and a return on equity of 22.12%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post 2.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Friday, October 5th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.32 annualized dividend and a yield of 2.89%. Cisco Systems’s dividend payout ratio is presently 56.41%.

Cisco Systems Company Profile

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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