Two Point Capital Management Inc. Buys 7,700 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Eley Financial Management Inc increased its position in Cisco Systems by 1.2% during the fourth quarter. Eley Financial Management Inc now owns 43,841 shares of the network equipment provider’s stock worth $2,215,000 after buying an additional 509 shares during the last quarter. Lyell Wealth Management LP grew its position in shares of Cisco Systems by 4.4% in the fourth quarter. Lyell Wealth Management LP now owns 25,460 shares of the network equipment provider’s stock valued at $1,286,000 after purchasing an additional 1,064 shares during the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $152,000. Bailard Inc. boosted its stake in shares of Cisco Systems by 6.6% in the fourth quarter. Bailard Inc. now owns 130,483 shares of the network equipment provider’s stock valued at $6,592,000 after buying an additional 8,023 shares during the period. Finally, BIP Wealth LLC boosted its stake in shares of Cisco Systems by 9.7% in the fourth quarter. BIP Wealth LLC now owns 9,836 shares of the network equipment provider’s stock valued at $497,000 after buying an additional 870 shares during the period. Institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CSCO shares. Wells Fargo & Company started coverage on Cisco Systems in a research note on Thursday, February 15th. They issued an “equal weight” rating and a $52.00 price target for the company. Barclays raised their price target on shares of Cisco Systems from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Citigroup started coverage on shares of Cisco Systems in a research report on Friday, April 12th. They set a “neutral” rating and a $52.00 price objective for the company. Melius lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.53.

Cisco Systems Stock Down 0.3 %

Cisco Systems stock traded down $0.15 during mid-day trading on Friday, reaching $47.95. The stock had a trading volume of 8,049,299 shares, compared to its average volume of 19,264,652. Cisco Systems, Inc. has a one year low of $45.56 and a one year high of $58.19. The company has a 50-day moving average price of $48.95 and a two-hundred day moving average price of $50.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. The company has a market capitalization of $194.16 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 2.79 and a beta of 0.87.

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, April 3rd. This is an increase from Cisco Systems’s previous quarterly dividend of $0.39. Cisco Systems’s payout ratio is currently 48.63%.

Insider Activity at Cisco Systems

In other news, CFO Richard Scott Herren sold 13,942 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares in the company, valued at approximately $16,424,550. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 3,002 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $50.01, for a total transaction of $150,130.02. Following the sale, the executive vice president now directly owns 191,559 shares in the company, valued at approximately $9,579,865.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 13,942 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $50.00, for a total transaction of $697,100.00. Following the sale, the chief financial officer now owns 328,491 shares in the company, valued at $16,424,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,441 shares of company stock worth $972,080. 0.02% of the stock is currently owned by company insiders.

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.