Kapitalo Investimentos Ltda Has $609,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Kapitalo Investimentos Ltda raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1,351.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,060 shares of the network equipment provider’s stock after purchasing an additional 11,229 shares during the period. Kapitalo Investimentos Ltda’s holdings in Cisco Systems were worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in shares of Cisco Systems by 0.3% during the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 59,756 shares of the network equipment provider’s stock worth $3,019,000 after acquiring an additional 202 shares in the last quarter. Hyman Charles D increased its holdings in Cisco Systems by 0.3% in the 4th quarter. Hyman Charles D now owns 70,727 shares of the network equipment provider’s stock worth $3,573,000 after purchasing an additional 203 shares in the last quarter. Madrona Financial Services LLC raised its position in Cisco Systems by 2.4% in the fourth quarter. Madrona Financial Services LLC now owns 8,970 shares of the network equipment provider’s stock valued at $453,000 after purchasing an additional 207 shares during the last quarter. Morton Brown Family Wealth LLC raised its holdings in Cisco Systems by 41.9% in the 4th quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 208 shares during the last quarter. Finally, River Street Advisors LLC increased its position in Cisco Systems by 1.7% in the 4th quarter. River Street Advisors LLC now owns 12,921 shares of the network equipment provider’s stock valued at $653,000 after acquiring an additional 219 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Down 0.2 %

Shares of NASDAQ:CSCO traded down $0.08 during midday trading on Tuesday, hitting $45.61. 2,646,462 shares of the stock traded hands, compared to its average volume of 19,258,193. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $183.75 billion, a PE ratio of 15.43, a P/E/G ratio of 2.65 and a beta of 0.86. Cisco Systems, Inc. has a one year low of $44.95 and a one year high of $58.19. The business’s 50 day moving average is $47.36 and its two-hundred day moving average is $48.89.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 15th. The network equipment provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Cisco Systems had a return on equity of 30.82% and a net margin of 21.88%. During the same quarter last year, the business posted $0.88 EPS. The business’s revenue was down 12.8% on a year-over-year basis. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.14 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, July 5th. Cisco Systems’s payout ratio is presently 53.87%.

Insiders Place Their Bets

In related news, SVP Maria Victoria Wong sold 3,378 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total transaction of $155,016.42. Following the sale, the senior vice president now owns 52,953 shares of the company’s stock, valued at $2,430,013.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,619 shares of Cisco Systems stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $45.34, for a total value of $118,745.46. Following the completion of the transaction, the executive vice president now directly owns 176,384 shares of the company’s stock, valued at $7,997,250.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 3,378 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $45.89, for a total transaction of $155,016.42. Following the sale, the senior vice president now owns 52,953 shares in the company, valued at approximately $2,430,013.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,106 shares of company stock worth $1,908,923. 0.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CSCO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Cisco Systems from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, April 9th. Citigroup began coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Cisco Systems from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. StockNews.com lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. started coverage on shares of Cisco Systems in a research note on Monday, April 22nd. They issued a “neutral” rating and a $53.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Hold” and a consensus price target of $56.47.

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.