Cisco Systems, Inc. (NASDAQ:CSCO) Position Boosted by Maytus Capital Management LLC

Maytus Capital Management LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 70.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 170,000 shares of the network equipment provider’s stock after acquiring an additional 70,000 shares during the period. Cisco Systems comprises about 3.5% of Maytus Capital Management LLC’s portfolio, making the stock its 7th largest holding. Maytus Capital Management LLC’s holdings in Cisco Systems were worth $10,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSCO. Mainstream Capital Management LLC bought a new position in shares of Cisco Systems in the fourth quarter worth approximately $132,000. Proficio Capital Partners LLC grew its position in shares of Cisco Systems by 76.4% in the 4th quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider’s stock worth $1,003,000 after buying an additional 7,338 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Cisco Systems by 4.8% during the fourth quarter. CENTRAL TRUST Co now owns 112,101 shares of the network equipment provider’s stock valued at $6,636,000 after buying an additional 5,123 shares during the period. Requisite Capital Management LLC purchased a new stake in Cisco Systems in the fourth quarter worth $1,670,000. Finally, Stonegate Investment Group LLC boosted its position in Cisco Systems by 0.8% during the 4th quarter. Stonegate Investment Group LLC now owns 1,539,557 shares of the network equipment provider’s stock valued at $91,142,000 after acquiring an additional 11,506 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the completion of the transaction, the senior vice president now directly owns 44,155 shares of the company’s stock, valued at $2,693,013.45. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares in the company, valued at approximately $11,604,868.80. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Up 3.2%

Shares of NASDAQ CSCO opened at $61.67 on Tuesday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market cap of $245.34 billion, a PE ratio of 26.93, a P/E/G ratio of 4.16 and a beta of 0.89. The company has a 50-day moving average of $58.73 and a 200 day moving average of $59.51.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is 71.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CSCO shares. StockNews.com cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 5th. DZ Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Citigroup lowered their price target on shares of Cisco Systems from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Cisco Systems in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average price target of $65.05.

Cisco Systems 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.