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

Sapient Capital LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,776 shares of the network equipment provider’s stock after acquiring an additional 839 shares during the quarter. Sapient Capital LLC’s holdings in Cisco Systems were worth $1,467,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Pineridge Advisors LLC grew its holdings in shares of Cisco Systems by 77.0% in the 4th quarter. Pineridge Advisors LLC now owns 4,589 shares of the network equipment provider’s stock worth $272,000 after acquiring an additional 1,997 shares during the last quarter. Arlington Trust Co LLC grew its holdings in shares of Cisco Systems by 8.1% during the fourth quarter. Arlington Trust Co LLC now owns 14,137 shares of the network equipment provider’s stock valued at $837,000 after buying an additional 1,062 shares in the last quarter. Equitable Trust Co. grew its holdings in shares of Cisco Systems by 2.3% during the fourth quarter. Equitable Trust Co. now owns 62,153 shares of the network equipment provider’s stock valued at $3,679,000 after buying an additional 1,400 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Cisco Systems by 3.2% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 72,479 shares of the network equipment provider’s stock valued at $4,291,000 after buying an additional 2,255 shares in the last quarter. Finally, Bristlecone Advisors LLC grew its holdings in shares of Cisco Systems by 31.3% during the fourth quarter. Bristlecone Advisors LLC now owns 8,226 shares of the network equipment provider’s stock valued at $487,000 after buying an additional 1,962 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 4,881 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $59.73, for a total transaction of $291,542.13. Following the transaction, the senior vice president now directly owns 51,931 shares in the company, valued at $3,101,838.63. The trade was a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $59.19, for a total value of $180,055.98. Following the transaction, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 353,522 shares of company stock worth $20,349,721. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Cisco Systems from $60.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, November 14th. StockNews.com upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lifted their price objective on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. UBS Group lifted their price objective on Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Melius raised Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.72.

Cisco Systems Trading Down 0.6 %

Cisco Systems stock opened at $62.43 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. The business’s 50-day simple moving average is $59.78 and its 200-day simple moving average is $55.21. The firm has a market capitalization of $248.64 billion, a PE ratio of 26.79, a PEG ratio of 4.63 and a beta of 0.84. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $63.25.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion for the quarter, compared to analyst estimates of $13.78 billion. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Equities research analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

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.