Machina Capital S.A.S. Has $3.75 Million Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Machina Capital S.A.S. increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 32.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,801 shares of the network equipment provider's stock after purchasing an additional 15,005 shares during the period. Cisco Systems makes up about 1.1% of Machina Capital S.A.S.'s investment portfolio, making the stock its 8th largest position. Machina Capital S.A.S.'s holdings in Cisco Systems were worth $3,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CSCO. Navigoe LLC purchased a new position in Cisco Systems in the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Cisco Systems in the fourth quarter worth about $26,000. JDM Financial Group LLC boosted its holdings in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares in the last quarter. Fairway Wealth LLC boosted its holdings in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accredited Wealth Management LLC purchased a new stake in Cisco Systems in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 899 shares of the company'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 owned 255,377 shares of the company's stock, valued at $16,413,079.79. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,407 shares of Cisco Systems stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $64.01, for a total value of $154,072.07. Following the completion of the transaction, the executive vice president owned 177,027 shares in the company, valued at $11,331,498.27. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,335 shares of company stock valued at $6,271,054 over the last ninety days. Company insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CSCO shares. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. New Street Research reaffirmed a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. Evercore ISI lifted their price target on shares of Cisco Systems from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Citigroup lifted their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.35.

Cisco Systems Stock Up 0.6%

Shares of NASDAQ:CSCO traded up $0.40 during midday trading on Friday, hitting $68.69. 11,589,031 shares of the company's stock traded hands, compared to its average volume of 17,593,400. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $69.78. The company has a market cap of $272.01 billion, a PE ratio of 28.04, a P/E/G ratio of 4.11 and a beta of 0.90. The firm's fifty day moving average price is $66.43 and its two-hundred day moving average price is $62.44.

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, topping analysts' consensus estimates of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The business had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter last year, the company earned $0.88 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.39%. Cisco Systems's dividend payout ratio is currently 66.94%.

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.