Cisco Systems, Inc. (NASDAQ:CSCO) Stock Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,493 shares of the network equipment provider's stock after acquiring an additional 76,975 shares during the period. Quantinno Capital Management LP's holdings in Cisco Systems were worth $32,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Alliance LLC grew its stake in shares of Cisco Systems by 85.3% in the 4th quarter. Fiduciary Alliance LLC now owns 20,434 shares of the network equipment provider's stock worth $1,210,000 after purchasing an additional 9,405 shares during the last quarter. City State Bank lifted its position in shares of Cisco Systems by 12.2% during the 4th quarter. City State Bank now owns 4,365 shares of the network equipment provider's stock valued at $258,000 after acquiring an additional 474 shares during the last quarter. Cooper Financial Group boosted its stake in shares of Cisco Systems by 9.0% during the 4th quarter. Cooper Financial Group now owns 15,440 shares of the network equipment provider's stock worth $914,000 after acquiring an additional 1,276 shares in the last quarter. Eastern Bank raised its position in shares of Cisco Systems by 2.2% during the fourth quarter. Eastern Bank now owns 36,067 shares of the network equipment provider's stock worth $2,135,000 after purchasing an additional 760 shares during the period. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of Cisco Systems by 28.5% during the fourth quarter. Elevated Capital Advisors LLC now owns 9,336 shares of the network equipment provider's stock valued at $553,000 after purchasing an additional 2,073 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 762 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares in the company, valued at approximately $2,693,013.45. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 target price on the stock in a research report on Tuesday, January 28th. Citigroup reduced their price target 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. Evercore ISI cut their target price on shares of Cisco Systems from $75.00 to $67.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. UBS Group increased their price objective on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their target price 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. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $65.05.

Cisco Systems Trading Up 0.2%

Shares of CSCO stock opened at $61.78 on Wednesday. The firm has a market capitalization of $245.78 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50. The firm's fifty day simple moving average is $58.70 and its 200 day simple moving average is $59.53. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43.

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 net margin of 16.96% and a return on equity of 26.08%. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems announced that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.

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