GF Fund Management CO. LTD. Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

GF Fund Management CO. LTD. raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 768,394 shares of the network equipment provider's stock after purchasing an additional 13,572 shares during the quarter. Cisco Systems accounts for approximately 1.1% of GF Fund Management CO. LTD.'s investment portfolio, making the stock its 14th biggest position. GF Fund Management CO. LTD.'s holdings in Cisco Systems were worth $47,418,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Navigoe LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $26,000. JDM Financial Group LLC boosted its holdings in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $30,000. Finally, Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $64.27, for a total transaction of $57,778.73. Following the completion of the sale, the insider directly owned 255,377 shares of the company's stock, valued at approximately $16,413,079.79. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the sale, the executive vice president directly owned 174,669 shares of the company's stock, valued at $11,447,806.26. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,335 shares of company stock worth $6,271,054. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.6%

Cisco Systems stock traded down $0.43 during midday trading on Monday, reaching $68.94. The stock had a trading volume of 6,467,211 shares, compared to its average volume of 20,297,106. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $69.78. The company has a market capitalization of $273.00 billion, a P/E ratio of 28.13, a PEG ratio of 4.15 and a beta of 0.90. The company has a fifty day moving average price of $63.93 and a two-hundred day moving average price of $61.51. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50.

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 analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a return on equity of 26.48% and a net margin of 17.60%. The business had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the previous year, the company posted $0.88 EPS. The firm's revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a report on Wednesday, May 21st. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $72.00 to $75.00 in a research report on Thursday, May 15th. Citigroup raised their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, New Street Research reaffirmed a "neutral" rating and set a $70.00 target price on shares of Cisco Systems in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target 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.