Achmea Investment Management B.V. Acquires 320,056 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Achmea Investment Management B.V. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 54.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 907,445 shares of the network equipment provider's stock after acquiring an additional 320,056 shares during the period. Cisco Systems comprises about 0.8% of Achmea Investment Management B.V.'s portfolio, making the stock its 21st biggest position. Achmea Investment Management B.V.'s holdings in Cisco Systems were worth $55,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Navigoe LLC bought a new stake in Cisco Systems during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $26,000. JDM Financial Group LLC boosted its stake in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of Cisco Systems in the fourth quarter worth about $30,000. Finally, Campbell Capital Management Inc. bought a new stake in shares of Cisco Systems in the fourth quarter worth about $31,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $64.07, for a total transaction of $48,821.34. Following the completion of the sale, the senior vice president now directly owns 36,937 shares in the company, valued at approximately $2,366,553.59. This trade represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Charles Robbins sold 29,784 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $64.61, for a total transaction of $1,924,344.24. Following the sale, the chief executive officer now directly owns 688,409 shares of the company's stock, valued at $44,478,105.49. This represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,335 shares of company stock valued at $6,271,054 in the last quarter. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of CSCO opened at $68.95 on Friday. The company has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $61.02. The company has a market capitalization of $273.04 billion, a PE ratio of 28.14, a P/E/G ratio of 4.08 and a beta of 0.88. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $69.25.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 17.60% and a return on equity of 26.48%. The firm had revenue of $14.15 billion during the quarter, compared to analysts' expectations of $14.05 billion. During the same period in the previous year, the company earned $0.88 EPS. Cisco Systems's revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, July 3rd. Cisco Systems's dividend payout ratio is currently 66.94%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CSCO shares. Citigroup raised their price objective on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday. They set an "overweight" rating and a $77.00 price objective for the company. Wells Fargo & Company raised Cisco Systems from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $72.00 to $75.00 in a report on Thursday, May 15th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.53.

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.

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