Two Sigma Advisers LP Purchases 1,061,300 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

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Two Sigma Advisers LP increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 26.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,087,467 shares of the network equipment provider’s stock after acquiring an additional 1,061,300 shares during the quarter. Cisco Systems accounts for 0.7% of Two Sigma Advisers LP’s portfolio, making the stock its 24th largest holding. Two Sigma Advisers LP’s holdings in Cisco Systems were worth $237,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSCO. Wellington Management Group LLP lifted its position in Cisco Systems by 38.3% during the first quarter. Wellington Management Group LLP now owns 94,598,864 shares of the network equipment provider’s stock worth $3,718,681,000 after purchasing an additional 26,179,953 shares during the period. Nordea Investment Management AB lifted its position in Cisco Systems by 103.2% during the second quarter. Nordea Investment Management AB now owns 48,175,664 shares of the network equipment provider’s stock worth $2,249,322,000 after purchasing an additional 24,469,149 shares during the period. Public Investment Fund acquired a new position in Cisco Systems during the first quarter worth about $490,881,000. APG Asset Management N.V. raised its stake in Cisco Systems by 225.0% during the first quarter. APG Asset Management N.V. now owns 11,069,036 shares of the network equipment provider’s stock worth $532,232,000 after acquiring an additional 7,663,550 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new position in Cisco Systems during the first quarter worth about $64,944,000. 71.28% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on CSCO. Robert W. Baird reissued a “hold” rating and set a $48.00 target price on shares of Cisco Systems in a research note on Monday, August 10th. Oppenheimer began coverage on Cisco Systems in a research note on Thursday, May 28th. They set a “buy” rating and a $46.00 target price for the company. Zacks Investment Research downgraded Cisco Systems from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a research note on Monday, August 10th. Wolfe Research began coverage on Cisco Systems in a research note on Friday, July 24th. They set an “outperform” rating and a $54.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Cisco Systems from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 13th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.68.

In other Cisco Systems news, CAO Prat Bhatt sold 2,873 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $42.11, for a total transaction of $120,982.03. Following the transaction, the chief accounting officer now directly owns 82,006 shares in the company, valued at approximately $3,453,272.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kelly A. Kramer sold 45,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $42.01, for a total value of $1,890,450.00. Insiders have sold a total of 60,166 shares of company stock worth $2,528,248 over the last 90 days. Company insiders own 0.03% of the company’s stock.

NASDAQ:CSCO traded down $0.18 on Wednesday, reaching $40.42. 24,310,495 shares of the stock traded hands, compared to its average volume of 25,953,932. The firm has a market capitalization of $171.12 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.84. The company’s 50 day moving average is $43.44 and its 200-day moving average is $43.15. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.31. Cisco Systems, Inc. has a 1-year low of $32.40 and a 1-year high of $50.28.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Cisco Systems had a net margin of 22.75% and a return on equity of 34.75%. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities research analysts forecast that Cisco Systems, Inc. will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, October 1st. Cisco Systems’s dividend payout ratio is presently 49.32%.

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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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