5,160 Shares in Cisco Systems, Inc. (NASDAQ:CSCO) Purchased by Brightwater Advisory LLC

Brightwater Advisory LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,160 shares of the network equipment provider’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Cisco Systems by 24.3% during the 4th quarter. Jones Financial Companies Lllp now owns 34,944 shares of the network equipment provider’s stock valued at $1,765,000 after purchasing an additional 6,838 shares during the last quarter. Carmignac Gestion grew its position in Cisco Systems by 2.9% during the 4th quarter. Carmignac Gestion now owns 38,360 shares of the network equipment provider’s stock worth $1,938,000 after acquiring an additional 1,098 shares during the last quarter. Blueshift Asset Management LLC increased its holdings in Cisco Systems by 76.6% in the 4th quarter. Blueshift Asset Management LLC now owns 9,860 shares of the network equipment provider’s stock worth $498,000 after purchasing an additional 4,276 shares in the last quarter. Edge Capital Group LLC raised its position in Cisco Systems by 13.4% in the fourth quarter. Edge Capital Group LLC now owns 19,784 shares of the network equipment provider’s stock valued at $1,000,000 after purchasing an additional 2,333 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Cisco Systems by 196.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 747,272 shares of the network equipment provider’s stock valued at $37,752,000 after purchasing an additional 495,150 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. New Street Research upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Thursday, August 15th. Hsbc Global Res raised shares of Cisco Systems to a “strong-buy” rating in a research note on Friday, August 16th. Evercore ISI increased their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $58.00 in a research report on Friday, August 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,270 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $50.33, for a total transaction of $416,229.10. Following the sale, the executive vice president now owns 135,544 shares in the company, valued at $6,821,929.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Thimaya K. Subaiya sold 8,270 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total transaction of $416,229.10. Following the sale, the executive vice president now owns 135,544 shares of the company’s stock, valued at approximately $6,821,929.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Robbins sold 27,143 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.45, for a total value of $1,342,221.35. Following the completion of the transaction, the chief executive officer now owns 683,403 shares in the company, valued at $33,794,278.35. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock valued at $3,509,049 over the last quarter. Company insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $52.74 on Wednesday. The business’s 50 day simple moving average is $49.26 and its 200 day simple moving average is $48.19. Cisco Systems, Inc. has a 12 month low of $44.50 and a 12 month high of $54.58. The company has a market cap of $212.48 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.11 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a return on equity of 27.83% and a net margin of 19.18%. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. Sell-side analysts forecast that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be paid a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.03%. Cisco Systems’s payout ratio is 53.87%.

Cisco Systems 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.