Point72 Hong Kong Ltd Has $763,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Point72 Hong Kong Ltd lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,881 shares of the network equipment provider's stock after selling 8,065 shares during the quarter. Point72 Hong Kong Ltd's holdings in Cisco Systems were worth $763,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Cisco Systems in the 4th quarter worth about $26,000. Navigoe LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $26,000. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems during the 4th quarter worth $30,000. Campbell Capital Management Inc. bought a new position in Cisco Systems in the 4th quarter valued at about $31,000. Finally, Synergy Investment Management LLC bought a new position in shares of Cisco Systems in the fourth quarter valued at approximately $36,000. Institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the sale, the senior vice president now owns 44,155 shares in the company, valued at approximately $2,693,013.45. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $64.37, for a total transaction of $760,080.96. Following the completion of the transaction, the executive vice president now owns 200,191 shares of the company's stock, valued at $12,886,294.67. This trade represents a 5.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,635 shares of company stock worth $931,901 over the last quarter. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

CSCO stock traded up $0.30 during mid-day trading on Monday, reaching $63.92. 16,237,572 shares of the stock traded hands, compared to its average volume of 20,397,108. The business has a 50-day moving average of $58.75 and a two-hundred day moving average of $59.72. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The firm has a market capitalization of $254.29 billion, a PE ratio of 27.91, a P/E/G ratio of 4.16 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The business's revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the network equipment provider to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is 66.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Cisco Systems from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup upped their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday. 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. Evercore ISI boosted their price objective on shares of Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, New Street Research reiterated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $68.00.

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.