Mn Services Vermogensbeheer B.V. Boosts Stock Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Mn Services Vermogensbeheer B.V. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,605,091 shares of the network equipment provider’s stock after buying an additional 33,300 shares during the quarter. Cisco Systems comprises 0.6% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 25th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Cisco Systems were worth $95,021,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Apriem Advisors raised its holdings in shares of Cisco Systems by 2.5% during the 4th quarter. Apriem Advisors now owns 14,735 shares of the network equipment provider’s stock worth $872,000 after acquiring an additional 359 shares during the period. Nwam LLC increased its position in Cisco Systems by 3.3% during the fourth quarter. Nwam LLC now owns 19,176 shares of the network equipment provider’s stock worth $1,135,000 after purchasing an additional 606 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Cisco Systems during the fourth quarter worth about $169,000. Checchi Capital Advisers LLC raised its stake in Cisco Systems by 1.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 44,869 shares of the network equipment provider’s stock worth $2,656,000 after purchasing an additional 801 shares during the period. Finally, Sabal Trust CO boosted its holdings in Cisco Systems by 7.9% in the 4th quarter. Sabal Trust CO now owns 9,819 shares of the network equipment provider’s stock valued at $581,000 after purchasing an additional 716 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 586 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 50,767 shares in the company, valued at approximately $2,979,515.23. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 3,042 shares of Cisco Systems stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $59.19, for a total transaction of $180,055.98. Following the sale, the executive vice president now owns 207,798 shares in the company, valued at $12,299,563.62. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,848 shares of company stock worth $4,767,206 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $64.08 on Thursday. The business’s 50-day moving average is $61.00 and its two-hundred day moving average is $56.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. The firm has a market capitalization of $254.93 billion, a P/E ratio of 27.98, a P/E/G ratio of 4.16 and a beta of 0.84. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, April 3rd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.40. Cisco Systems’s dividend payout ratio is 71.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSCO. JPMorgan Chase & Co. upped their price objective on Cisco Systems from $69.00 to $73.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Morgan Stanley lifted their target price on Cisco Systems from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Finally, Piper Sandler increased their target price on shares of Cisco Systems from $57.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

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.