Cisco Systems, Inc. Shares (NASDAQ:CSCO) bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 11.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,289 shares of the network equipment provider’s stock after purchasing an additional 6,120 shares during the period. Fidelis Capital Partners LLC’s holdings in Cisco Systems were worth $2,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Summit Securities Group LLC bought a new stake in shares of Cisco Systems in the second quarter valued at $25,000. Retirement Group LLC boosted its holdings in shares of Cisco Systems by 56.8% in the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 263 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of Cisco Systems in the second quarter valued at $36,000. Redmont Wealth Advisors LLC purchased a new position in Cisco Systems in the first quarter worth about $41,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Cisco Systems in the 4th quarter valued at about $44,000. 73.33% of shares are currently held by institutional investors.

Cisco Systems Stock Performance

CSCO opened at $51.97 on Friday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $54.58. The firm has a market cap of $209.38 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.87 and a beta of 0.83. The stock’s 50-day moving average is $48.52, and its two-hundred-day moving average is $48.05. The company has a quick ratio of 0.83, a current ratio of 0.91, and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO – Get Free Report ) last announced its earnings results on Wednesday, August 14th. The networking equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.53 billion. In the same quarter last year, the company posted earnings of $1.01 per share. Cisco Systems’s revenue was down 10.3% compared to the same quarter last year. On average, equities analysts estimate that Cisco Systems, Inc. will post 2.9 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, October 2. This represents an annualized dividend of $1.60 and a yield of 3.08%. Cisco Systems’s dividend payout ratio (DPR) is 53.87%.

Insider buying and selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the transaction, the executive vice president now owns 132,910 shares in the company, valued at $6,501,957.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In related news, EVP Thimaya K. Subaiya sold 1,328 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total transaction of $64,965.76. Following the completion of the sale, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP Maria Victoria Wong sold 638 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the completion of the transaction, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. The disclosure for this sale can be found here. Insiders have sold a total of 70,529 shares of company stock worth $3,509,049 over the last ninety days. 0.02% of shares are owned by company insiders.

Analysts set new price targets

A number of equities analysts have recently commented on CSCO shares. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 15th. Jefferies Financial Group dropped their price objective on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Rosenblatt Securities boosted their price target on Cisco Systems from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their target price on Cisco Systems from $52.00 to $53.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.11, based on data from MarketBeat.com.

Read our latest research report on Cisco Systems

About Cisco Systems

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Cisco Systems, Inc designs, manufactures, and sells Internet Protocol-based networks and other products related to the communications and information technology industries in the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China. The company also offers a switching portfolio that includes campus switching as well as data center switching; the enterprise routing portfolio interconnects public and private mobile and mobile networks, providing highly secure and reliable connectivity to campus, data center and branch office networks; wireless products include access points and wireless controllers; and the compute portfolio, including Cisco Unified Computing System, hyperflex, and software management capabilities, which combine the management and virtualization of compute, networking, and storage infrastructure.

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