Caisse Des Depots ET Consignations Has $10.12 Million Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Caisse Des Depots ET Consignations trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,913 shares of the network equipment provider's stock after selling 6,257 shares during the period. Cisco Systems makes up approximately 0.5% of Caisse Des Depots ET Consignations' investment portfolio, making the stock its 29th largest position. Caisse Des Depots ET Consignations' holdings in Cisco Systems were worth $10,115,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Cisco Systems by 11.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,599,510 shares of the network equipment provider's stock worth $468,971,000 after buying an additional 778,095 shares in the last quarter. Evernest Financial Advisors LLC grew its stake in Cisco Systems by 22.6% during the first quarter. Evernest Financial Advisors LLC now owns 15,439 shares of the network equipment provider's stock worth $953,000 after buying an additional 2,843 shares in the last quarter. Silver Oak Advisory Group Inc. grew its stake in Cisco Systems by 23.2% during the first quarter. Silver Oak Advisory Group Inc. now owns 4,252 shares of the network equipment provider's stock worth $262,000 after buying an additional 800 shares in the last quarter. R. W. Roge & Company Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $203,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $6,121,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of 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 research note on Thursday, May 15th. Morgan Stanley raised their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the company from $65.00 to $73.00 in a research note on Monday, June 16th. UBS Group raised their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Evercore ISI restated an "in-line" rating and issued a $72.00 price target on shares of Cisco Systems in a research note on Monday, July 28th. Eight research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.55.

Cisco Systems Stock Up 1.0%

Cisco Systems stock opened at $69.90 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 0.95. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $70.14. The firm has a 50 day moving average price of $67.31 and a two-hundred day moving average price of $62.96. The firm has a market cap of $276.80 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.84 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share (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 analyst estimates of $14.05 billion. During the same quarter last year, the business earned $0.88 EPS. The company's revenue was up 11.4% compared to the same quarter last year. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Thursday, July 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is presently 66.94%.

Insider Activity

In other news, CEO Charles Robbins sold 29,784 shares of Cisco Systems stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $64.61, for a total value of $1,924,344.24. Following the completion of the sale, the chief executive officer owned 688,409 shares in the company, valued at $44,478,105.49. The trade was a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the sale, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,335 shares of company stock worth $6,271,054. 0.01% of the stock is owned by insiders.

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.

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