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

Maytus Capital Management LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 70.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,000 shares of the network equipment provider’s stock after buying an additional 70,000 shares during the period. Cisco Systems makes up about 3.5% of Maytus Capital Management LLC’s holdings, making the stock its 7th biggest holding. Maytus Capital Management LLC’s holdings in Cisco Systems were worth $10,064,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Cisco Systems in the fourth quarter valued at approximately $26,000. Navigoe LLC acquired a new position in shares of Cisco Systems during the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new stake in Cisco Systems in the 4th quarter valued at $30,000. Campbell Capital Management Inc. purchased a new position in Cisco Systems in the fourth quarter valued at about $31,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Cisco Systems during the 4th quarter valued at about $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 19,929 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the sale, the chief financial officer now directly owns 335,605 shares in the company, valued at $21,616,318.05. This represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 31,983 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,547 shares of company stock worth $4,275,553. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 3.2%

Shares of 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 firm’s 50 day moving average is $58.73 and its 200-day moving average is $59.51. 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 capitalization of $245.34 billion, a PE ratio of 26.93, a P/E/G ratio of 4.16 and a beta of 0.89.

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

Cisco Systems announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Cisco Systems Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on CSCO shares. Barclays reiterated an “equal weight” rating on shares of Cisco Systems in a research note on Thursday, March 6th. Evercore ISI decreased their price objective on shares of Cisco Systems from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Citigroup decreased their target price on Cisco Systems from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Rosenblatt Securities decreased their price target on shares of Cisco Systems from $80.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average 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.