Siemens Fonds Invest GmbH Has $146,000 Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Siemens Fonds Invest GmbH decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 98.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,462 shares of the network equipment provider’s stock after selling 196,117 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Cisco Systems were worth $146,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new stake in Cisco Systems in the fourth quarter valued at $132,000. Proficio Capital Partners LLC lifted its stake in Cisco Systems by 76.4% in the fourth quarter. Proficio Capital Partners LLC now owns 16,947 shares of the network equipment provider’s stock valued at $1,003,000 after acquiring an additional 7,338 shares during the last quarter. CENTRAL TRUST Co lifted its stake in Cisco Systems by 4.8% in the fourth quarter. CENTRAL TRUST Co now owns 112,101 shares of the network equipment provider’s stock valued at $6,636,000 after acquiring an additional 5,123 shares during the last quarter. Requisite Capital Management LLC acquired a new stake in Cisco Systems in the fourth quarter valued at $1,670,000. Finally, Stonegate Investment Group LLC lifted its stake in Cisco Systems by 0.8% in the fourth quarter. Stonegate Investment Group LLC now owns 1,539,557 shares of the network equipment provider’s stock valued at $91,142,000 after acquiring an additional 11,506 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CSCO shares. StockNews.com upgraded shares of Cisco Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. New Street Research reiterated a “neutral” rating and issued a $70.00 price target on shares of Cisco Systems in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Cisco Systems from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley raised their target price on shares of Cisco Systems from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Rosenblatt Securities raised their target price on shares of Cisco Systems from $63.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $63.62 on Monday. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $58.75 and a two-hundred day simple moving average of $59.72. The stock has a market capitalization of $253.10 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. The firm had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period last year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems’s dividend payout ratio is currently 71.62%.

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 outstanding shares. This buyback authorization authorizes the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares of the company’s stock, valued at approximately $11,604,868.80. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $64.37, for a total transaction of $760,080.96. Following the sale, the executive vice president now directly owns 200,191 shares in the company, valued at $12,886,294.67. This trade represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,635 shares of company stock valued at $931,901 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

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.