Integral Investment Advisors Inc. Has $443,000 Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Integral Investment Advisors Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,341 shares of the network equipment provider’s stock after purchasing an additional 1,162 shares during the period. Integral Investment Advisors Inc.’s holdings in Cisco Systems were worth $443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Hantz Financial Services Inc. bought a new position in Cisco Systems during the second quarter valued at about $8,579,000. GoalVest Advisory LLC grew its position in Cisco Systems by 3.6% during the second quarter. GoalVest Advisory LLC now owns 30,176 shares of the network equipment provider’s stock valued at $1,434,000 after buying an additional 1,049 shares during the period. Moloney Securities Asset Management LLC grew its position in Cisco Systems by 1.3% during the second quarter. Moloney Securities Asset Management LLC now owns 65,413 shares of the network equipment provider’s stock valued at $3,108,000 after buying an additional 852 shares during the period. Adero Partners LLC grew its position in Cisco Systems by 5.4% during the second quarter. Adero Partners LLC now owns 8,689 shares of the network equipment provider’s stock valued at $413,000 after buying an additional 449 shares during the period. Finally, Centerpoint Advisors LLC grew its position in Cisco Systems by 23.9% during the second quarter. Centerpoint Advisors LLC now owns 2,985 shares of the network equipment provider’s stock valued at $142,000 after buying an additional 575 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 0.3 %

CSCO stock traded up $0.15 during trading on Friday, hitting $50.54. 15,615,756 shares of the company traded hands, compared to its average volume of 19,705,105. The firm has a market capitalization of $203.62 billion, a PE ratio of 17.02, a P/E/G ratio of 2.97 and a beta of 0.85. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $58.19. The company has a 50-day moving average of $47.55 and a 200-day moving average of $47.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 0.89.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. Cisco Systems’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Analysts predict that Cisco Systems, Inc. will post 3.14 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, October 2nd. Cisco Systems’s payout ratio is 53.87%.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,270 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the sale, the executive vice president now directly owns 135,544 shares in the company, valued at $6,821,929.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Thimaya K. Subaiya sold 8,270 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total value of $416,229.10. Following the completion of the transaction, the executive vice president now directly owns 135,544 shares in the company, valued at approximately $6,821,929.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $49.45, for a total transaction of $1,342,221.35. Following the transaction, the chief executive officer now directly owns 683,403 shares of the company’s stock, valued at approximately $33,794,278.35. The disclosure for this sale can be found here. Insiders have sold a total of 71,944 shares of company stock worth $3,566,120 over the last quarter. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of research reports. StockNews.com lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Rosenblatt Securities increased their target price on shares of Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Jefferies Financial Group cut their target price on shares of Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.89.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.