Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Syon Capital LLC

Syon Capital LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,300 shares of the network equipment provider's stock after purchasing an additional 5,978 shares during the quarter. Syon Capital LLC's holdings in Cisco Systems were worth $1,439,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new position in Cisco Systems in the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. purchased a new position in Cisco Systems during the 4th quarter valued at about $30,000. Campbell Capital Management Inc. bought a new stake in Cisco Systems during the 4th quarter worth approximately $31,000. Highline Wealth Partners LLC increased its holdings in shares of Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $35,000 after purchasing an additional 260 shares during the period. Finally, Synergy Investment Management LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the completion of the sale, the executive vice president now directly owns 191,184 shares of the company's stock, valued at $11,604,868.80. The trade was a 1.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 19,929 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the completion of the transaction, the chief financial officer now directly owns 335,605 shares in the company, valued at $21,616,318.05. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,547 shares of company stock valued at $4,275,553. Company insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of research reports. UBS Group upped their price objective on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Evercore ISI cut their target price on Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research note on Monday. Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $73.00 in a report on Monday, January 6th. BNP Paribas upgraded Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.05.

Cisco Systems Price Performance

CSCO traded down $0.00 during midday trading on Monday, hitting $56.71. 4,942,282 shares of the company traded hands, compared to its average volume of 20,168,399. The company has a market capitalization of $225.59 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 4.16 and a beta of 0.86. The business has a 50 day simple moving average of $59.83 and a two-hundred day simple moving average of $59.27. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems announced that its board has approved a share repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.89%. This is an increase from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

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.