Cisco Systems, Inc. (CSCO) Stake Lessened by Proficio Capital Partners LLC

Proficio Capital Partners LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 14.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,853 shares of the network equipment provider’s stock after selling 848 shares during the period. Proficio Capital Partners LLC’s holdings in Cisco Systems were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Paragon Capital Management Ltd bought a new stake in Cisco Systems in the first quarter worth $744,000. State of New Jersey Common Pension Fund D increased its position in Cisco Systems by 0.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 4,475,000 shares of the network equipment provider’s stock worth $151,255,000 after purchasing an additional 12,000 shares during the last quarter. IFP Advisors Inc increased its position in Cisco Systems by 27.0% in the first quarter. IFP Advisors Inc now owns 221,080 shares of the network equipment provider’s stock worth $7,473,000 after purchasing an additional 47,004 shares during the last quarter. Leavell Investment Management Inc. increased its position in Cisco Systems by 0.4% in the first quarter. Leavell Investment Management Inc. now owns 68,175 shares of the network equipment provider’s stock worth $2,304,000 after purchasing an additional 280 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. increased its position in Cisco Systems by 3.5% in the first quarter. Taylor Cottrill Erickson & Associates Inc. now owns 67,249 shares of the network equipment provider’s stock worth $2,273,000 after purchasing an additional 2,292 shares during the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.

Several equities research analysts recently weighed in on CSCO shares. Vetr upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $35.02 price target on the stock in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Cisco Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. ValuEngine cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Deutsche Bank AG restated a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research report on Wednesday, September 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Cisco Systems in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.26.

Cisco Systems, Inc. (CSCO) opened at $33.99 on Monday. Cisco Systems, Inc. has a fifty-two week low of $29.12 and a fifty-two week high of $34.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.03 and a quick ratio of 2.98. The firm has a market cap of $168,311.06, a P/E ratio of 15.66, a P/E/G ratio of 2.97 and a beta of 1.15.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 earnings per share 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 company had revenue of $12.13 billion for the quarter, compared to the consensus estimate of $12.07 billion. During the same quarter in the prior year, the company earned $0.63 EPS. Cisco Systems’s quarterly revenue was down 4.0% on a year-over-year basis. analysts expect that Cisco Systems, Inc. will post 2.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Thursday, October 5th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 annualized dividend and a yield of 3.41%. Cisco Systems’s dividend payout ratio (DPR) is presently 60.73%.

In related news, CAO Prat Bhatt sold 25,638 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were 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 approximately $3,847,071.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John T. Chambers sold 250,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 729,305 shares in the company, valued at approximately $22,710,557.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 485,138 shares of company stock worth $15,347,574. 0.05% of the stock is owned by corporate insiders.

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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).

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

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