Vinva Investment Management Ltd Purchases 41,625 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Vinva Investment Management Ltd boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 74.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,326 shares of the network equipment provider’s stock after buying an additional 41,625 shares during the period. Vinva Investment Management Ltd’s holdings in Cisco Systems were worth $5,160,000 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 company. Public Sector Pension Investment Board lifted its stake in shares of Cisco Systems by 12.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 175,424 shares of the network equipment provider’s stock valued at $9,336,000 after purchasing an additional 19,800 shares during the last quarter. Tybourne Capital Management HK Ltd. bought a new stake in shares of Cisco Systems in the 3rd quarter valued at approximately $744,000. Providence Capital Advisors LLC lifted its stake in shares of Cisco Systems by 0.3% in the 3rd quarter. Providence Capital Advisors LLC now owns 174,153 shares of the network equipment provider’s stock valued at $9,268,000 after purchasing an additional 468 shares during the last quarter. BBR Partners LLC bought a new stake in shares of Cisco Systems in the 3rd quarter valued at approximately $1,158,000. Finally, FORA Capital LLC bought a new stake in shares of Cisco Systems in the 3rd quarter valued at approximately $10,988,000. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares in the company, valued at $6,501,957.20. The trade was a 0.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 171,744 shares of Cisco Systems stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the sale, the chief executive officer now directly owns 783,786 shares of the company’s stock, valued at approximately $45,059,857.14. This represents a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 339,479 shares of company stock worth $19,490,991 in the last ninety days. 0.01% of the stock is owned by insiders.

Cisco Systems Trading Down 0.5 %

Shares of NASDAQ:CSCO opened at $59.29 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $59.87. The business’s fifty day simple moving average is $55.68 and its 200-day simple moving average is $50.45. The company has a market capitalization of $236.14 billion, a PE ratio of 25.45, a P/E/G ratio of 4.38 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Cisco Systems had a return on equity of 25.70% and a net margin of 17.73%. The firm had revenue of $13.84 billion for the quarter, compared to the consensus estimate of $13.78 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.60 annualized dividend and a yield of 2.70%. Cisco Systems’s dividend payout ratio (DPR) is 68.67%.

Analyst Upgrades and Downgrades

CSCO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Tigress Financial raised their price target on Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. New Street Research raised Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, August 15th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research note on Thursday, August 15th. Finally, Barclays raised their price target on Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.94.

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.