Capitolis Liquid Global Markets LLC Purchases 1,547,000 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Capitolis Liquid Global Markets LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,892,440 shares of the network equipment provider's stock after purchasing an additional 1,547,000 shares during the period. Cisco Systems accounts for about 2.8% of Capitolis Liquid Global Markets LLC's portfolio, making the stock its 11th biggest position. Capitolis Liquid Global Markets LLC owned about 0.12% of Cisco Systems worth $289,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CSCO. Cetera Investment Advisers grew its holdings in Cisco Systems by 2.4% during the 4th quarter. Cetera Investment Advisers now owns 938,470 shares of the network equipment provider's stock valued at $55,557,000 after purchasing an additional 21,756 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in Cisco Systems during the fourth quarter valued at approximately $1,212,000. Bridgefront Capital LLC purchased a new position in shares of Cisco Systems in the 4th quarter valued at $856,000. Cahill Financial Advisors Inc. lifted its position in shares of Cisco Systems by 86.2% during the fourth quarter. Cahill Financial Advisors Inc. now owns 8,513 shares of the network equipment provider's stock valued at $504,000 after buying an additional 3,942 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $10,085,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Trading Down 0.0 %

Shares of Cisco Systems stock opened at $59.32 on Tuesday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The firm's 50-day moving average price is $59.11 and its 200 day moving average price is $59.38. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $235.99 billion, a PE ratio of 25.90, a P/E/G ratio of 4.16 and a beta of 0.89.

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

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

Cisco Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.76%. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 3rd. Cisco Systems's payout ratio is presently 71.62%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total value of $125,345.50. Following the completion of the transaction, the executive vice president now owns 191,184 shares of the company's stock, valued at $11,604,868.80. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 31,983 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $2,060,025.03. Following the sale, the chief executive officer now directly owns 736,120 shares in the company, valued at $47,413,489.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,547 shares of company stock worth $4,275,553 in the last 90 days. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSCO. Evercore ISI cut their price target on shares of Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Melius Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Cisco Systems in a report on Thursday, March 6th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price objective on the stock in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised their target price on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $65.05.

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.

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