IFM Investors Pty Ltd Grows Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

IFM Investors Pty Ltd raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCOGet Rating) by 21.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 668,844 shares of the network equipment provider’s stock after buying an additional 116,264 shares during the quarter. Cisco Systems comprises 0.6% of IFM Investors Pty Ltd’s holdings, making the stock its 28th largest position. IFM Investors Pty Ltd’s holdings in Cisco Systems were worth $37,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at about $570,000. Teamwork Financial Advisors LLC increased its holdings in shares of Cisco Systems by 410.5% in the fourth quarter. Teamwork Financial Advisors LLC now owns 25,673 shares of the network equipment provider’s stock valued at $1,627,000 after purchasing an additional 20,644 shares during the period. Keene & Associates Inc. acquired a new position in shares of Cisco Systems in the fourth quarter valued at about $3,789,000. CWM LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at about $44,395,000. Finally, Dumont & Blake Investment Advisors LLC grew its holdings in Cisco Systems by 2.5% during the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 47,334 shares of the network equipment provider’s stock worth $3,000,000 after acquiring an additional 1,135 shares during the period. 73.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cisco Systems news, SVP Prat Bhatt sold 607 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $43.10, for a total transaction of $26,161.70. Following the completion of the sale, the senior vice president now owns 79,855 shares of the company’s stock, valued at $3,441,750.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Maria Martinez sold 3,628 shares of Cisco Systems stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $43.34, for a total value of $157,237.52. Following the completion of the sale, the chief operating officer now directly owns 295,305 shares of the company’s stock, valued at $12,798,518.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prat Bhatt sold 607 shares of Cisco Systems stock in a transaction on Monday, June 13th. The shares were sold at an average price of $43.10, for a total value of $26,161.70. Following the completion of the sale, the senior vice president now directly owns 79,855 shares of the company’s stock, valued at $3,441,750.50. The disclosure for this sale can be found here. Insiders sold a total of 25,326 shares of company stock valued at $1,103,159 over the last quarter. 0.02% of the stock is owned by insiders.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $45.37 on Monday. Cisco Systems, Inc. has a one year low of $40.82 and a one year high of $64.29. The company has a market cap of $187.88 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.40 and a current ratio of 1.49. The business’s 50 day moving average price is $43.87 and its 200 day moving average price is $50.36.

Cisco Systems (NASDAQ:CSCOGet Rating) last posted its earnings results on Wednesday, May 18th. The network equipment provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The company had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $13.33 billion. Cisco Systems had a return on equity of 31.22% and a net margin of 23.28%. During the same quarter last year, the firm earned $0.75 earnings per share. On average, research analysts predict that Cisco Systems, Inc. will post 3 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, July 5th. This represents a $1.52 annualized dividend and a yield of 3.35%. Cisco Systems’s dividend payout ratio (DPR) is 53.33%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSCO shares. TheStreet lowered Cisco Systems from a “b” rating to a “c+” rating in a report on Wednesday, June 15th. KGI Securities lowered Cisco Systems from an “outperform” rating to a “neutral” rating in a report on Friday, July 15th. Piper Sandler dropped their target price on Cisco Systems from $57.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. Wells Fargo & Company dropped their target price on Cisco Systems from $65.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, May 19th. Finally, Cowen dropped their target price on Cisco Systems to $58.00 and set a “neutral” rating on the stock in a report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.23.

About Cisco Systems

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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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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