S Bank Fund Management Ltd Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Key Points

• S Bank Fund Management Ltd acquired a new stake in Cisco Systems, purchasing 124,241 shares valued at approximately $7.67 million, making Cisco its 17th largest holding.
• Institutional investors currently own 73.33% of Cisco Systems, with various firms making adjustments to their holdings, including newly acquired positions valued at around $31,000 each.
• Cisco reported earnings of $0.96 per share for the last quarter, exceeding analyst expectations, and its stock price has seen fluctuations with a 52-week high of $72.55.

S Bank Fund Management Ltd acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 124,241 shares of the network equipment provider's stock, valued at approximately $7,667,000. Cisco Systems accounts for approximately 1.4% of S Bank Fund Management Ltd's portfolio, making the stock its 17th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Navigoe LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at about $26,000. JDM Financial Group LLC lifted its stake in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the period. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC lifted its stake in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. Institutional investors own 73.33% of the company's stock.

Insider Activity

In related news, EVP Oliver Tuszik sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total value of $952,950.00. Following the sale, the executive vice president directly owned 131,676 shares of the company's stock, valued at $8,365,376.28. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total transaction of $571,902.04. Following the completion of the sale, the executive vice president owned 174,669 shares of the company's stock, valued at $11,447,806.26. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,731 shares of company stock valued at $5,021,519. Company insiders own 0.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CSCO shares. Morgan Stanley boosted their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Citigroup upped their price target on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wells Fargo & Company upped their price target on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday. HSBC reaffirmed a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday. Finally, CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.45.

Cisco Systems Price Performance

CSCO traded down $3.10 during trading on Friday, reaching $66.20. The stock had a trading volume of 40,821,586 shares, compared to its average volume of 21,650,895. The stock has a market cap of $262.15 billion, a PE ratio of 25.27, a PEG ratio of 3.90 and a beta of 0.91. 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 one year low of $47.85 and a one year high of $72.55. The business has a 50-day moving average of $67.98 and a 200-day moving average of $63.28.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.24% and a net margin of 18.45%. The firm's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

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.