Fidelis Capital Partners LLC Grows Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Fidelis Capital Partners LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 35.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,809 shares of the network equipment provider’s stock after purchasing an additional 10,069 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Cisco Systems were worth $1,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Moneta Group Investment Advisors LLC boosted its holdings in Cisco Systems by 112,307.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 59,519,500 shares of the network equipment provider’s stock worth $2,835,509,000 after purchasing an additional 59,466,550 shares during the last quarter. Norges Bank bought a new stake in Cisco Systems in the fourth quarter worth about $2,028,781,000. Morgan Stanley raised its position in Cisco Systems by 17.4% in the fourth quarter. Morgan Stanley now owns 61,788,267 shares of the network equipment provider’s stock worth $2,943,593,000 after acquiring an additional 9,160,347 shares during the period. Barclays PLC raised its position in Cisco Systems by 83.6% in the second quarter. Barclays PLC now owns 14,544,909 shares of the network equipment provider’s stock worth $752,554,000 after acquiring an additional 6,621,125 shares during the period. Finally, State Street Corp raised its position in Cisco Systems by 2.2% in the first quarter. State Street Corp now owns 184,879,450 shares of the network equipment provider’s stock worth $9,664,544,000 after acquiring an additional 4,061,022 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at approximately $2,906,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the completion of the sale, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at approximately $16,424,550. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,441 shares of company stock valued at $972,080. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock traded up $0.32 during midday trading on Thursday, reaching $48.11. 13,080,391 shares of the stock were exchanged, compared to its average volume of 19,487,760. The company’s fifty day moving average is $49.14 and its 200-day moving average is $50.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.37. The firm has a market cap of $194.81 billion, a PE ratio of 14.63, a PEG ratio of 2.75 and a beta of 0.87. Cisco Systems, Inc. has a 52 week low of $45.56 and a 52 week high of $58.19.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.14 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Thursday, April 4th will be paid a $0.40 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.33%. Cisco Systems’s dividend payout ratio is 48.63%.

Analysts Set New Price Targets

CSCO has been the topic of several research reports. UBS Group lifted their price objective on shares of Cisco Systems from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Barclays lifted their price objective on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Wells Fargo & Company started coverage on shares of Cisco Systems in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price objective on the stock. Melius Research reissued a “hold” rating and issued a $55.00 price target on shares of Cisco Systems in a research report on Monday, January 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.03.

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. 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.