Two Point Capital Management Inc. Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Two Point Capital Management Inc. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,101 shares of the network equipment provider’s stock after purchasing an additional 7,700 shares during the quarter. Cisco Systems comprises about 4.0% of Two Point Capital Management Inc.’s holdings, making the stock its 11th largest position. Two Point Capital Management Inc.’s holdings in Cisco Systems were worth $8,745,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Waddell & Associates LLC boosted its position in shares of Cisco Systems by 0.8% during the 3rd quarter. Waddell & Associates LLC now owns 24,693 shares of the network equipment provider’s stock worth $1,328,000 after purchasing an additional 191 shares during the period. Sax Wealth Advisors LLC lifted its position in Cisco Systems by 3.6% in the third quarter. Sax Wealth Advisors LLC now owns 5,686 shares of the network equipment provider’s stock valued at $306,000 after acquiring an additional 196 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in Cisco Systems by 3.8% in the third quarter. Onyx Bridge Wealth Group LLC now owns 5,385 shares of the network equipment provider’s stock valued at $290,000 after acquiring an additional 197 shares during the last quarter. Winch Advisory Services LLC raised its holdings in shares of Cisco Systems by 19.3% in the third quarter. Winch Advisory Services LLC now owns 1,232 shares of the network equipment provider’s stock valued at $66,000 after buying an additional 199 shares during the last quarter. Finally, Benin Management CORP increased its stake in shares of Cisco Systems by 0.5% during the third quarter. Benin Management CORP now owns 37,543 shares of the network equipment provider’s stock worth $2,018,000 after acquiring an additional 200 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Down 0.3 %

Shares of CSCO stock traded down $0.15 during mid-day trading on Friday, reaching $47.95. 8,049,299 shares of the stock traded hands, compared to its average volume of 19,264,652. The stock’s fifty day simple moving average is $48.95 and its two-hundred day simple moving average is $50.11. Cisco Systems, Inc. has a 1-year low of $45.56 and a 1-year high of $58.19. The company has a market cap of $194.16 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $12.79 billion for the quarter, compared to analyst estimates of $12.71 billion. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.60 annualized dividend and a yield of 3.34%. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s dividend payout ratio is presently 48.63%.

Insider Activity at Cisco Systems

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

Analysts Set New Price Targets

Several research analysts have weighed in on CSCO shares. Citigroup initiated coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price on the stock. Melius Research reissued a “hold” rating and issued a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. Morgan Stanley started coverage on shares of Cisco Systems in a report on Tuesday, April 9th. They set an “overweight” rating and a $58.00 price target for the company. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Finally, Bank of America upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Company 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.