Baader Bank Aktiengesellschaft Makes New $784,000 Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

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

A number of other hedge funds also recently modified their holdings of the business. VanderPol Investments L.L.C. acquired a new position in shares of Cisco Systems during the fourth quarter worth $226,000. Allen Capital Group LLC lifted its holdings in Cisco Systems by 6.5% in the fourth quarter. Allen Capital Group LLC now owns 86,607 shares of the network equipment provider’s stock valued at $5,127,000 after buying an additional 5,285 shares during the period. Masso Torrence Wealth Management Inc. lifted its holdings in Cisco Systems by 3.7% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 8,313 shares of the network equipment provider’s stock valued at $492,000 after buying an additional 294 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in 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 valued at $238,091,000 after buying an additional 144,803 shares during the period. Finally, Twelve Points Wealth Management LLC lifted its holdings in 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 valued at $2,989,000 after buying an additional 5,702 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $59.55 on Thursday. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market capitalization of $237.17 billion, a PE ratio of 25.56, a P/E/G ratio of 4.59 and a beta of 0.84. The company’s 50 day simple moving average is $59.30 and its two-hundred day simple moving average is $54.32.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.78 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. Analysts predict that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems’s dividend payout ratio is presently 68.67%.

Insider Transactions at Cisco Systems

In other news, CFO Richard Scott Herren sold 86,351 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $57.49, for a total value of $4,964,318.99. Following the transaction, the chief financial officer now owns 365,314 shares of the company’s stock, valued at $21,001,901.86. This represents a 19.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $58.69, for a total transaction of $34,392.34. Following the completion of the transaction, the senior vice president now directly owns 50,767 shares in the company, valued at $2,979,515.23. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 353,522 shares of company stock valued at $20,349,721 in the last quarter. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CSCO shares. Melius Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Melius raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Tigress Financial boosted their target price on shares of Cisco Systems from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $55.00 to $66.00 in a research report on Monday, November 11th. Finally, 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 research report on Tuesday. Seven 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, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $62.72.

Cisco Systems 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.