Louisiana State Employees Retirement System Has $9.71 Million Stake in Cisco Systems, Inc. (CSCO)

Louisiana State Employees Retirement System raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 310,100 shares of the network equipment provider’s stock after buying an additional 2,300 shares during the period. Louisiana State Employees Retirement System’s holdings in Cisco Systems were worth $9,706,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spirit of America Management Corp NY increased its position in Cisco Systems by 9.1% in the second quarter. Spirit of America Management Corp NY now owns 28,900 shares of the network equipment provider’s stock valued at $905,000 after buying an additional 2,400 shares in the last quarter. Roffman Miller Associates Inc. PA increased its position in Cisco Systems by 6.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 22,091 shares of the network equipment provider’s stock valued at $691,000 after buying an additional 1,308 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in Cisco Systems by 30.2% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 111,463 shares of the network equipment provider’s stock valued at $3,489,000 after buying an additional 25,870 shares in the last quarter. Jolley Asset Management LLC increased its position in Cisco Systems by 1.5% in the second quarter. Jolley Asset Management LLC now owns 136,971 shares of the network equipment provider’s stock valued at $4,287,000 after buying an additional 1,966 shares in the last quarter. Finally, Hendershot Investments Inc. increased its position in Cisco Systems by 0.6% in the second quarter. Hendershot Investments Inc. now owns 81,910 shares of the network equipment provider’s stock valued at $2,564,000 after buying an additional 517 shares in the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems, Inc. (NASDAQ:CSCO) traded down 2.16% during midday trading on Friday, reaching $30.37. The company’s stock had a trading volume of 34,802,193 shares. The firm has a market capitalization of $151.64 billion, a price-to-earnings ratio of 15.98 and a beta of 1.24. Cisco Systems, Inc. has a 12 month low of $29.12 and a 12 month high of $34.60. The stock’s 50-day moving average price is $31.48 and its 200-day moving average price is $32.55.

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 business had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. During the same period last year, the company earned $0.63 earnings per share. Cisco Systems’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts predict that Cisco Systems, Inc. will post $2.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. Cisco Systems’s dividend payout ratio is 60.73%.

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Several analysts have issued reports on CSCO shares. William Blair restated an “outperform” rating on shares of Cisco Systems in a report on Saturday. JMP Securities restated a “market perform” rating on shares of Cisco Systems in a report on Friday. Berenberg Bank set a $33.00 target price on Cisco Systems and gave the company a “hold” rating in a report on Thursday. Morgan Stanley restated an “overweight” rating and issued a $39.00 target price on shares of Cisco Systems in a report on Thursday. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $36.00 target price on shares of Cisco Systems in a report on Thursday. Fourteen research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.46.

In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $31.29, for a total transaction of $244,124.58. Following the transaction, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John T. Chambers sold 295,537 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $31.52, for a total transaction of $9,315,326.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 396,179 shares of company stock valued at $12,503,407. 0.11% of the stock is owned by corporate insiders.

About Cisco Systems

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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