Metis Global Partners LLC Has $11.78 Million Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Metis Global Partners LLC boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,173 shares of the network equipment provider's stock after purchasing an additional 46,990 shares during the period. Metis Global Partners LLC's holdings in Cisco Systems were worth $11,780,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in Cisco Systems by 25.0% during the fourth quarter. California Public Employees Retirement System now owns 18,750,237 shares of the network equipment provider's stock worth $947,262,000 after buying an additional 3,753,165 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Cisco Systems in the 3rd quarter valued at about $179,207,000. Capital Wealth Planning LLC lifted its stake in Cisco Systems by 7,074.3% in the 3rd quarter. Capital Wealth Planning LLC now owns 3,271,642 shares of the network equipment provider's stock valued at $175,883,000 after purchasing an additional 3,226,040 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Cisco Systems by 32.7% during the fourth quarter. Pacer Advisors Inc. now owns 7,749,370 shares of the network equipment provider's stock worth $391,498,000 after purchasing an additional 1,909,597 shares during the period. Finally, Northern Trust Corp increased its position in Cisco Systems by 3.8% during the third quarter. Northern Trust Corp now owns 50,549,422 shares of the network equipment provider's stock worth $2,717,537,000 after buying an additional 1,847,682 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CSCO shares. StockNews.com raised Cisco Systems from a "hold" rating to a "buy" rating in a research report on Thursday. Melius downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Melius Research restated a "hold" rating and set a $55.00 target price on shares of Cisco Systems in a research note on Monday, January 8th. Wells Fargo & Company began coverage on shares of Cisco Systems in a research note on Thursday, February 15th. They issued an "equal weight" rating and a $52.00 price target on the stock. Finally, Piper Sandler increased their price target on shares of Cisco Systems from $47.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, March 20th. Two investment 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 company currently has a consensus rating of "Hold" and a consensus target price of $55.53.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 13,942 shares of Cisco Systems stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now directly owns 328,491 shares of the company's stock, valued at approximately $16,424,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.01, for a total value of $150,130.02. Following the completion of the transaction, the executive vice president now owns 191,559 shares of the company's stock, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. Insiders have sold 19,441 shares of company stock valued at $972,080 over the last ninety days. 0.02% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

CSCO traded up $0.33 on Friday, hitting $47.12. 17,935,302 shares of the stock were exchanged, compared to its average volume of 17,219,910. The firm has a market capitalization of $190.80 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.72 and a beta of 0.87. 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 12 month low of $45.56 and a 12 month high of $58.19. The business has a 50-day moving average of $48.79 and a two-hundred day moving average of $49.77.

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

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a dividend of $0.40 per share. This is an increase from Cisco Systems's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cisco Systems's dividend payout ratio is currently 48.63%.

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.

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