BW Gestao de Investimentos Ltda. Invests $6.71 Million in Cisco Systems, Inc. (NASDAQ:CSCO)

BW Gestao de Investimentos Ltda. acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 113,268 shares of the network equipment provider's stock, valued at approximately $6,705,000.

Several other hedge funds have also recently bought and sold shares of the company. Baker Avenue Asset Management LP increased its holdings in shares of Cisco Systems by 20.1% during the fourth quarter. Baker Avenue Asset Management LP now owns 19,498 shares of the network equipment provider's stock valued at $1,154,000 after purchasing an additional 3,263 shares during the period. Baldwin Investment Management LLC increased its stake in Cisco Systems by 14.7% during the 4th quarter. Baldwin Investment Management LLC now owns 8,342 shares of the network equipment provider's stock valued at $494,000 after buying an additional 1,070 shares during the period. Banque Transatlantique SA bought a new stake in shares of Cisco Systems during the 4th quarter worth about $2,307,000. Banque de Luxembourg S.A. acquired a new stake in shares of Cisco Systems in the 4th quarter worth approximately $4,729,000. Finally, Bearing Point Capital LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $247,000. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Rosenblatt Securities dropped their target price on Cisco Systems from $80.00 to $63.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. UBS Group boosted their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Citigroup reduced their price objective on shares of Cisco Systems from $73.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.05.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total value of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,547 shares of company stock valued at $4,275,553. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Up 0.1 %

NASDAQ:CSCO traded up $0.03 during trading hours on Friday, hitting $59.74. 12,668,869 shares of the company's stock traded hands, compared to its average volume of 20,219,665. The stock's fifty day moving average price is $58.85 and its two-hundred day moving average price is $59.41. The firm has a market cap of $237.66 billion, a P/E ratio of 26.09, a P/E/G ratio of 4.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.41 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, April 3rd. Cisco Systems's payout ratio is currently 71.62%.

Cisco Systems declared that its board has initiated a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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 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.