61,830 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Victrix Investment Advisors

Victrix Investment Advisors acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 61,830 shares of the network equipment provider's stock, valued at approximately $3,660,000. Cisco Systems accounts for about 2.6% of Victrix Investment Advisors' portfolio, making the stock its 12th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. purchased a new position in Cisco Systems in the fourth quarter valued at approximately $26,000. Navigoe LLC bought a new stake in shares of Cisco Systems in the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Cisco Systems during the 4th quarter valued at $30,000. Campbell Capital Management Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth $31,000. Finally, Synergy Investment Management LLC purchased a new stake in Cisco Systems in the 4th quarter worth about $36,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. New Street Research restated a "neutral" rating and set a $70.00 target price on shares of Cisco Systems in a research report on Friday. Finally, Piper Sandler lifted their price target on Cisco Systems from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

Cisco Systems Stock Performance

Cisco Systems stock opened at $63.62 on Monday. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The stock has a market cap of $253.10 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. The firm's fifty day moving average price is $58.75 and its 200-day moving average price is $59.72.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The business had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.58%. Cisco Systems's payout ratio is 71.62%.

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

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $64.37, for a total transaction of $760,080.96. Following the transaction, the executive vice president now directly owns 200,191 shares of the company's stock, valued at approximately $12,886,294.67. This trade represents a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 14,635 shares of company stock valued at $931,901 over the last quarter. 0.01% of the stock is owned by corporate insiders.

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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