Baader Bank Aktiengesellschaft Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

Baader Bank Aktiengesellschaft purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,250 shares of the network equipment provider’s stock, valued at approximately $784,000.

A number of other large investors have also added to or reduced their stakes in CSCO. VanderPol Investments L.L.C. purchased a new stake in shares of Cisco Systems in the 4th quarter worth about $226,000. Allen Capital Group LLC lifted its position in Cisco Systems by 6.5% during the 4th quarter. Allen Capital Group LLC now owns 86,607 shares of the network equipment provider’s stock valued at $5,127,000 after acquiring an additional 5,285 shares during the period. Masso Torrence Wealth Management Inc. lifted its position in Cisco Systems by 3.7% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 8,313 shares of the network equipment provider’s stock valued at $492,000 after acquiring an additional 294 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Cisco Systems by 3.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,021,801 shares of the network equipment provider’s stock worth $238,091,000 after buying an additional 144,803 shares in the last quarter. Finally, Twelve Points Wealth Management LLC lifted its stake in shares of Cisco Systems by 12.7% in the fourth quarter. Twelve Points Wealth Management LLC now owns 50,493 shares of the network equipment provider’s stock worth $2,989,000 after buying an additional 5,702 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 586 shares of the business’s 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 completion of the sale, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the completion of the sale, the executive vice president now owns 219,100 shares of the company’s stock, valued at approximately $12,596,059. This represents a 20.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 353,522 shares of company stock worth $20,349,721 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $59.55 on Thursday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $62.31. The stock has a market capitalization of $237.17 billion, a P/E ratio of 25.56, a PEG ratio of 4.59 and a beta of 0.84. The firm has a fifty day simple moving average of $59.30 and a two-hundred day simple moving average of $54.32. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The business had revenue of $13.84 billion during the quarter, compared to analysts’ expectations of $13.78 billion. During the same period last year, the company posted $0.98 EPS. The business’s revenue was down 5.6% on a year-over-year basis. On average, analysts expect that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Friday, January 3rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.69%. Cisco Systems’s payout ratio is 68.67%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Morgan Stanley boosted their price objective on shares of Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. BNP Paribas raised shares of Cisco Systems from a “neutral” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Tuesday. Melius Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, UBS Group boosted their price objective on shares of Cisco Systems from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $62.72.

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.