J2 Capital Management Inc Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

J2 Capital Management Inc purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,257 shares of the network equipment provider's stock, valued at approximately $548,000.

A number of other hedge funds have also recently modified their holdings of the business. Seven Eight Capital LP purchased a new stake in Cisco Systems in the 2nd quarter worth approximately $242,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Cisco Systems by 20.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 174,973 shares of the network equipment provider's stock worth $8,313,000 after purchasing an additional 29,163 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Cisco Systems by 2.8% in the second quarter. Benjamin Edwards Inc. now owns 8,441 shares of the network equipment provider's stock worth $401,000 after purchasing an additional 226 shares in the last quarter. Sei Investments Co. raised its position in shares of Cisco Systems by 13.7% during the 2nd quarter. Sei Investments Co. now owns 2,041,220 shares of the network equipment provider's stock valued at $96,984,000 after purchasing an additional 245,780 shares during the period. Finally, Boston Research & Management Inc. lifted its stake in shares of Cisco Systems by 0.9% during the 2nd quarter. Boston Research & Management Inc. now owns 146,582 shares of the network equipment provider's stock valued at $6,964,000 after buying an additional 1,243 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Tigress Financial raised their price target on Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, October 14th. Wells Fargo & Company lifted their target price on Cisco Systems from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $66.00 to $73.00 in a research note on Monday, January 6th. Citigroup lifted their price objective on shares of Cisco Systems from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Friday. Finally, StockNews.com upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.50.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded up $0.41 on Friday, hitting $60.23. The stock had a trading volume of 23,800,968 shares, compared to its average volume of 17,184,370. The company's 50 day moving average price is $58.91 and its 200 day moving average price is $53.57. The stock has a market cap of $239.88 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 4.37 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $60.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $13.84 billion during the quarter, compared to analysts' expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. On average, research analysts anticipate that Cisco Systems, Inc. will post 2.97 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's dividend payout ratio is presently 68.67%.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 586 shares of Cisco Systems stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $58.69, for a total value of $34,392.34. Following the sale, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 171,744 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $57.49, for a total value of $9,873,562.56. Following the completion of the transaction, the chief executive officer now directly owns 783,786 shares of the company's stock, valued at approximately $45,059,857.14. The trade was a 17.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 353,522 shares of company stock worth $20,349,721 in the last three months. Company insiders own 0.01% of the company's stock.

About Cisco Systems

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.