Banque de Luxembourg S.A. Invests $4.73 Million in Cisco Systems, Inc. (NASDAQ:CSCO)

Banque de Luxembourg S.A. bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 79,555 shares of the network equipment provider's stock, valued at approximately $4,729,000. Cisco Systems makes up approximately 2.5% of Banque de Luxembourg S.A.'s holdings, making the stock its 13th biggest holding.

A number of other institutional investors have also recently made changes to their positions in CSCO. Bearing Point Capital LLC bought a new position in Cisco Systems during the fourth quarter valued at $247,000. BIP Wealth LLC raised its position in Cisco Systems by 16.2% in the 4th quarter. BIP Wealth LLC now owns 9,264 shares of the network equipment provider's stock worth $548,000 after purchasing an additional 1,292 shares during the period. BNP Paribas lifted its stake in Cisco Systems by 120.4% in the fourth quarter. BNP Paribas now owns 201,859 shares of the network equipment provider's stock worth $11,946,000 after purchasing an additional 110,261 shares during the last quarter. Alteri Wealth LLC purchased a new position in shares of Cisco Systems during the fourth quarter valued at approximately $626,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Cisco Systems during the fourth quarter valued at approximately $413,491,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 0.1 %

Shares of NASDAQ:CSCO traded up $0.08 during trading on Friday, reaching $59.79. The stock had a trading volume of 12,031,721 shares, compared to its average volume of 20,217,103. The firm's 50-day simple moving average is $58.85 and its 200 day simple moving average is $59.41. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a market capitalization of $237.86 billion, a P/E ratio of 26.11, a PEG ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.14). Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS 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 repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were given a dividend of $0.41 per share. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, April 3rd. Cisco Systems's dividend payout ratio is currently 71.62%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 2,065 shares of the company's 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 transaction, the executive vice president now owns 191,184 shares in the company, valued at approximately $11,604,868.80. This represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 19,929 shares of Cisco Systems stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $1,283,626.89. Following the sale, the chief financial officer now owns 335,605 shares of the company's stock, valued at $21,616,318.05. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CSCO shares. Barclays restated an "equal weight" rating on shares of Cisco Systems in a report on Thursday, March 6th. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research note on Tuesday, January 28th. Piper Sandler lowered their price objective on shares of Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group raised their target price on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $65.05.

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.