Banque Transatlantique SA Acquires Shares of 39,186 Cisco Systems, Inc. (NASDAQ:CSCO)

Banque Transatlantique SA purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 39,186 shares of the network equipment provider's stock, valued at approximately $2,307,000.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Cisco Systems during the 4th quarter worth about $3,297,905,000. FMR LLC raised its position in Cisco Systems by 20.8% during the fourth quarter. FMR LLC now owns 77,216,513 shares of the network equipment provider's stock valued at $4,571,218,000 after acquiring an additional 13,285,052 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cisco Systems during the fourth quarter worth $560,722,000. Alyeska Investment Group L.P. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at about $413,491,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Cisco Systems by 187.9% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,478,872 shares of the network equipment provider's stock valued at $442,749,000 after purchasing an additional 4,880,747 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 11,808 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $64.37, for a total transaction of $760,080.96. Following the sale, the executive vice president now owns 200,191 shares of the company's stock, valued at approximately $12,886,294.67. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the transaction, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 0.1 %

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

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 return on equity of 26.08% and a net margin of 16.96%. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has authorized a share repurchase program 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 buy up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.74%. Cisco Systems's payout ratio is presently 71.62%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSCO. BNP Paribas upgraded 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, January 28th. UBS Group raised their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their price target on Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.05.

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.