Evolution Advisers Inc. Has $72,000 Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Evolution Advisers Inc. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 156.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,428 shares of the network equipment provider’s stock after buying an additional 871 shares during the quarter. Evolution Advisers Inc.’s holdings in Cisco Systems were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new stake in Cisco Systems during the 3rd quarter worth approximately $27,000. Valued Wealth Advisors LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $32,000. Morton Brown Family Wealth LLC boosted its holdings in Cisco Systems by 41.9% in the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 208 shares during the last quarter. Bourgeon Capital Management LLC lifted its holdings in shares of Cisco Systems by 3,500.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 700 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Cisco Systems in the 4th quarter worth $43,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the sale, the senior vice president now owns 58,121 shares of the company’s stock, valued at $2,906,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $50.00, for a total transaction of $697,100.00. Following the transaction, the chief financial officer now directly owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $50.00, for a total transaction of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at $2,906,050. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,441 shares of company stock worth $972,080. Corporate insiders own 0.02% of the company’s stock.

Cisco Systems Price Performance

NASDAQ:CSCO traded down $0.25 during trading hours on Thursday, reaching $48.10. 18,775,419 shares of the company’s stock were exchanged, compared to its average volume of 19,411,053. The company has a market capitalization of $194.77 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. Cisco Systems, Inc. has a 12 month low of $45.56 and a 12 month high of $58.19. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The business’s 50-day simple moving average is $48.95 and its two-hundred day simple moving average is $50.11.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 14th. The network equipment provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Cisco Systems had a net margin of 23.49% and a return on equity of 33.01%. The business had revenue of $12.79 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter last year, the firm earned $0.76 EPS. Cisco Systems’s revenue for the quarter was down 5.9% on a year-over-year basis. Sell-side analysts expect that Cisco Systems, Inc. will post 3.13 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, April 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.33%. Cisco Systems’s payout ratio is 48.63%.

Analyst Ratings Changes

Several brokerages recently weighed in on CSCO. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a report on Monday, April 15th. JPMorgan Chase & Co. began coverage on Cisco Systems in a research note on Monday. They set a “neutral” rating and a $53.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, April 9th. StockNews.com downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Melius Research reiterated a “hold” rating and set a $55.00 price objective on shares of Cisco Systems in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.53.

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 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.