GAMMA Investing LLC Purchases 15,514 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

GAMMA Investing LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,871 shares of the network equipment provider's stock after buying an additional 15,514 shares during the period. GAMMA Investing LLC's holdings in Cisco Systems were worth $6,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. Brighton Jones LLC increased its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $169,000. Nwam LLC grew its position in shares of Cisco Systems by 3.3% in the 4th quarter. Nwam LLC now owns 19,176 shares of the network equipment provider's stock valued at $1,135,000 after acquiring an additional 606 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of Cisco Systems by 10,340.6% in the 4th quarter. Proficio Capital Partners LLC now owns 1,003,235 shares of the network equipment provider's stock valued at $59,392,000 after acquiring an additional 993,626 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO traded down $0.30 during midday trading on Friday, hitting $68.65. The stock had a trading volume of 26,213,514 shares, compared to its average volume of 20,235,237. The company's 50-day moving average price is $62.57 and its 200-day moving average price is $61.10. The company has a market capitalization of $271.85 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 4.10 and a beta of 0.88. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Cisco Systems, Inc. has a fifty-two week low of $44.50 and a fifty-two week high of $69.22.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, July 3rd. Cisco Systems's dividend payout ratio is 66.94%.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,726 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the transaction, the executive vice president now directly owns 174,669 shares in the company, valued at approximately $11,447,806.26. This represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 4,185 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $63.51, for a total transaction of $265,789.35. Following the completion of the transaction, the senior vice president now owns 38,103 shares of the company's stock, valued at approximately $2,419,921.53. This trade represents a 9.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock worth $6,271,054 in the last three months. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. Morgan Stanley reissued a "hold" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research report on Wednesday, May 21st. Citigroup lifted their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Rosenblatt Securities lifted their price objective on shares of Cisco Systems from $63.00 to $74.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $69.53.

About Cisco Systems

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.