Cisco Systems, Inc. (NASDAQ:CSCO) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,178 shares of the network equipment provider’s stock after purchasing an additional 2,750 shares during the period. WINTON GROUP Ltd’s holdings in Cisco Systems were worth $4,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cisco Systems by 8.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,821,415 shares of the network equipment provider’s stock worth $401,503,000 after buying an additional 505,728 shares in the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Cisco Systems by 6.9% during the 4th quarter. Tyler Stone Wealth Management now owns 5,810 shares of the network equipment provider’s stock worth $344,000 after acquiring an additional 375 shares in the last quarter. Excalibur Management Corp grew its holdings in shares of Cisco Systems by 1.4% in the 4th quarter. Excalibur Management Corp now owns 43,838 shares of the network equipment provider’s stock worth $2,595,000 after acquiring an additional 615 shares during the period. Ausdal Financial Partners Inc. increased its stake in Cisco Systems by 8.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 26,035 shares of the network equipment provider’s stock valued at $1,541,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in Cisco Systems by 616.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 30,256 shares of the network equipment provider’s stock worth $1,791,000 after purchasing an additional 26,035 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 19,929 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the sale, the chief financial officer now directly owns 335,605 shares in the company, valued at approximately $21,616,318.05. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 762 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the transaction, the senior vice president now owns 44,155 shares of the company’s stock, valued at approximately $2,693,013.45. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several research reports. Barclays reissued an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. DZ Bank upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. StockNews.com downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 5th. Piper Sandler reissued a “neutral” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, Morgan Stanley upped their target price on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Seven 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 company. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Trading Down 0.6 %

Shares of CSCO opened at $61.40 on Friday. The stock’s fifty day simple moving average is $62.10 and its 200 day simple moving average is $58.38. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $244.27 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share 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 research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.67%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is presently 71.62%.

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.