Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,632,643 shares of the network equipment provider's stock after purchasing an additional 301,684 shares during the quarter. Deutsche Bank AG owned approximately 0.39% of Cisco Systems worth $925,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CSCO. FPC Investment Advisory Inc. bought a new stake in Cisco Systems during the fourth quarter valued at approximately $26,000. Navigoe LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Cisco Systems in the fourth quarter worth about $30,000. Campbell Capital Management Inc. bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $31,000. Finally, Highline Wealth Partners LLC boosted its holdings in Cisco Systems by 76.7% during the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CSCO shares. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Cisco Systems from $73.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. UBS Group increased their price target on shares of Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Rosenblatt Securities decreased their price objective on shares of Cisco Systems from $80.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. 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 note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.05.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.06 during trading hours on Friday, hitting $59.77. The stock had a trading volume of 17,480,737 shares, compared to its average volume of 20,300,975. 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 stock has a market capitalization of $237.78 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 4.16 and a beta of 0.89. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The stock's 50-day moving average price is $58.78 and its two-hundred day moving average price is $59.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly 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%. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.41 per share. This is an increase 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 (DPR) is presently 71.62%.

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

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the sale, the senior vice president now owns 44,155 shares of the company's stock, valued at $2,693,013.45. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, the chief executive officer now directly owns 736,120 shares in the company, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock valued at $4,275,553 in the last ninety days. Corporate insiders own 0.01% of the company's stock.

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.