IFM Investors Pty Ltd Buys 56,489 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)


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IFM Investors Pty Ltd raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 16.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 406,899 shares of the network equipment provider’s stock after acquiring an additional 56,489 shares during the period. IFM Investors Pty Ltd’s holdings in Cisco Systems were worth $18,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bainco International Investors bought a new position in Cisco Systems during the 4th quarter valued at about $30,000. FNY Investment Advisers LLC lifted its stake in Cisco Systems by 79,900.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 800 shares of the network equipment provider’s stock valued at $31,000 after acquiring an additional 799 shares during the period. Larson Financial Group LLC lifted its stake in Cisco Systems by 57.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,480 shares of the network equipment provider’s stock valued at $58,000 after acquiring an additional 541 shares during the period. Ellevest Inc. lifted its stake in shares of Cisco Systems by 33.2% in the 3rd quarter. Ellevest Inc. now owns 1,478 shares of the network equipment provider’s stock worth $58,000 after purchasing an additional 368 shares during the period. Finally, Cerebellum GP LLC bought a new position in shares of Cisco Systems in the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 70.62% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of Cisco Systems from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of Cisco Systems from $43.00 to $45.00 in a research note on Friday, November 13th. Smith Barney Citigroup increased their price objective on shares of Cisco Systems from $43.00 to $45.00 in a research note on Friday, November 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $49.00 price objective on shares of Cisco Systems in a research note on Friday, November 13th. Finally, UBS Group began coverage on shares of Cisco Systems in a research note on Wednesday, September 23rd. They issued a “neutral” rating and a $41.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. Cisco Systems currently has an average rating of “Hold” and a consensus price target of $47.54.

In related news, CEO Charles Robbins sold 242,774 shares of the firm’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $41.04, for a total value of $9,963,444.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Martinez sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $45.00, for a total transaction of $180,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 371,384 shares of company stock valued at $15,429,225. 0.02% of the stock is currently owned by insiders.

Shares of CSCO opened at $45.36 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.59 and a quick ratio of 1.54. Cisco Systems, Inc. has a 1 year low of $32.40 and a 1 year high of $50.28. The company has a 50 day simple moving average of $44.41 and a two-hundred day simple moving average of $42.60. The firm has a market cap of $191.67 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.52 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Thursday, November 12th. The network equipment provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $11.85 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Tuesday, January 5th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, January 4th. Cisco Systems’s dividend payout ratio (DPR) is presently 49.32%.

About Cisco Systems

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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