Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by River Global Investors LLP

River Global Investors LLP increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 181.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,799 shares of the network equipment provider's stock after buying an additional 110,780 shares during the period. Cisco Systems accounts for about 1.6% of River Global Investors LLP's holdings, making the stock its 8th largest holding. River Global Investors LLP's holdings in Cisco Systems were worth $8,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Valued Wealth Advisors LLC purchased a new stake in Cisco Systems during the 4th quarter valued at $32,000. DiNuzzo Private Wealth Inc. purchased a new stake in Cisco Systems during the 4th quarter valued at $33,000. Morton Brown Family Wealth LLC boosted its stake in Cisco Systems by 41.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Bourgeon Capital Management LLC boosted its stake in Cisco Systems by 3,500.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 700 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Cisco Systems during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.33 during trading on Friday, reaching $47.12. 17,935,302 shares of the stock traded hands, compared to its average volume of 17,219,910. The company has a market capitalization of $190.80 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 2.70 and a beta of 0.87. The business has a fifty day simple moving average of $48.79 and a two-hundred day simple moving average of $49.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 52-week low of $45.56 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.03. The firm had revenue of $12.79 billion during the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Sell-side analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.40%. This is a positive change from Cisco Systems's previous quarterly dividend of $0.39. Cisco Systems's dividend payout ratio (DPR) is currently 48.63%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSCO. Barclays increased their price target on Cisco Systems from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, February 15th. Melius cut Cisco Systems from a "buy" rating to a "hold" rating in a report on Monday, January 8th. StockNews.com raised Cisco Systems from a "hold" rating to a "buy" rating in a report on Thursday. Wells Fargo & Company initiated coverage on Cisco Systems in a report on Thursday, February 15th. They issued an "equal weight" rating and a $52.00 target price on the stock. Finally, UBS Group raised their target price on Cisco Systems from $54.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.53.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 2,497 shares of Cisco Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now owns 58,121 shares in the company, valued at $2,906,050. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company's stock, valued at $2,906,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company's stock.

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.