Dynamic Technology Lab Private Ltd Invests $897,000 in Cisco Systems, Inc. (CSCO)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,543 shares of the network equipment provider’s stock, valued at approximately $897,000.

Other institutional investors also recently made changes to their positions in the company. Alyeska Investment Group L.P. raised its stake in shares of Cisco Systems by 80.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,753,818 shares of the network equipment provider’s stock valued at $143,660,000 after buying an additional 2,116,257 shares during the period. GLG LLC raised its stake in shares of Cisco Systems by 6.8% in the fourth quarter. GLG LLC now owns 296,550 shares of the network equipment provider’s stock valued at $8,962,000 after buying an additional 18,853 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Cisco Systems during the fourth quarter valued at about $112,000. Ancora Advisors LLC increased its position in Cisco Systems by 8.5% in the fourth quarter. Ancora Advisors LLC now owns 165,166 shares of the network equipment provider’s stock valued at $4,992,000 after buying an additional 12,940 shares in the last quarter. Finally, Banco Santander S.A. bought a new position in Cisco Systems during the fourth quarter valued at approximately $13,576,000. Institutional investors own 75.28% of the company’s stock.

Cisco Systems, Inc. (NASDAQ:CSCO) opened at 30.37 on Friday. Cisco Systems, Inc. has a one year low of $29.12 and a one year high of $34.60. The firm has a market capitalization of $151.64 billion, a price-to-earnings ratio of 15.98 and a beta of 1.24. The stock has a 50 day moving average of $31.48 and a 200 day moving average of $32.55.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $12.13 billion during the quarter, compared to analyst estimates of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 17.04%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Analysts forecast that Cisco Systems, Inc. will post $2.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 7th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.82%. The ex-dividend date was Wednesday, July 5th. Cisco Systems’s payout ratio is currently 60.73%.

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A number of analysts have recently commented on the company. Citigroup Inc. set a $36.00 price target on Cisco Systems and gave the stock a “buy” rating in a research report on Friday, May 19th. Berenberg Bank set a $33.00 price target on Cisco Systems and gave the stock a “hold” rating in a research report on Saturday, July 1st. Sanford C. Bernstein set a $38.00 price target on Cisco Systems and gave the stock a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus set a $34.00 price objective on Cisco Systems and gave the company a “hold” rating in a research report on Tuesday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cisco Systems in a research report on Friday. Fourteen research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $35.46.

In other Cisco Systems news, insider John T. Chambers sold 295,537 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $31.52, for a total value of $9,315,326.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $31.71, for a total transaction of $2,943,956.40. Following the sale, the senior vice president now directly owns 271,725 shares of the company’s stock, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders sold a total of 396,179 shares of company stock valued at $12,503,407 over the last three months. 0.11% of the stock is owned by corporate insiders.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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

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