Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 46.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,892,440 shares of the network equipment provider’s stock after purchasing an additional 1,547,000 shares during the period. Cisco Systems makes up approximately 2.8% of Capitolis Liquid Global Markets LLC’s investment portfolio, making the stock its 11th largest position. Capitolis Liquid Global Markets LLC’s holdings in Cisco Systems were worth $289,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Mainstream Capital Management LLC purchased a new position in Cisco Systems during the 4th quarter worth $132,000. Proficio Capital Partners LLC raised its position in Cisco Systems by 76.4% during the 4th quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider’s stock worth $1,003,000 after buying an additional 7,338 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Cisco Systems by 1.2% in the fourth quarter. Nordea Investment Management AB now owns 18,718,195 shares of the network equipment provider’s stock valued at $1,107,930,000 after acquiring an additional 216,632 shares in the last quarter. Diversified Trust Co raised its holdings in Cisco Systems by 48.9% during the fourth quarter. Diversified Trust Co now owns 77,253 shares of the network equipment provider’s stock worth $4,573,000 after purchasing an additional 25,368 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Cisco Systems by 4.8% in the 4th quarter. CENTRAL TRUST Co now owns 112,101 shares of the network equipment provider’s stock valued at $6,636,000 after purchasing an additional 5,123 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CSCO shares. Piper Sandler dropped their price objective on Cisco Systems from $72.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Barclays reaffirmed an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Evercore ISI lowered their target price on shares of Cisco Systems from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Citigroup dropped their target price on shares of Cisco Systems from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, UBS Group lifted their target price on shares of Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.05.

Cisco Systems Stock Down 0.0 %

Shares of NASDAQ:CSCO opened at $59.32 on Tuesday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The company has a market cap of $235.99 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89. The firm has a 50 day simple moving average of $59.11 and a 200 day simple moving average of $59.38.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

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 issued a $0.41 dividend. The ex-dividend date was Thursday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.76%. Cisco Systems’s dividend payout ratio is currently 71.62%.

Cisco Systems declared that its board has initiated a stock 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

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

Cisco Systems Company 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.