Cisco Systems, Inc. $CSCO Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. raised its stake in Cisco by 0.6% in Q4 to 5,747,783 shares (about $442.8 million), making CSCO its 24th-largest holding.
• Cisco beat Q4 estimates with $1.04 EPS (vs. $1.02) and $15.35B revenue (up 9.7% YoY), and increased its quarterly dividend to $0.42 ($1.68 annual, ~2.0% yield).
• Insider selling continues—company insiders sold 46,431 shares worth roughly $3.57 million in the past 90 days, and insiders now own about 0.01% of Cisco.

Robeco Institutional Asset Management B.V. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,747,783 shares of the network equipment provider's stock after purchasing an additional 36,964 shares during the quarter. Cisco Systems comprises about 0.6% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 24th largest holding. Robeco Institutional Asset Management B.V. owned 0.15% of Cisco Systems worth $442,752,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Cisco Systems by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider's stock valued at $218,236,000 after purchasing an additional 205,043 shares during the last quarter. Greystone Financial Group LLC acquired a new stake in shares of Cisco Systems in the third quarter valued at approximately $8,563,000. Jones Financial Companies Lllp increased its holdings in shares of Cisco Systems by 8.9% in the third quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider's stock valued at $46,165,000 after purchasing an additional 56,057 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of Cisco Systems by 213.8% in the third quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider's stock valued at $1,402,000 after purchasing an additional 13,966 shares during the last quarter. Finally, CX Institutional increased its holdings in shares of Cisco Systems by 11.0% in the third quarter. CX Institutional now owns 144,336 shares of the network equipment provider's stock valued at $9,875,000 after purchasing an additional 14,334 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 2,179 shares of Cisco Systems stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $77.74, for a total value of $169,395.46. Following the completion of the transaction, the senior vice president directly owned 28,807 shares in the company, valued at approximately $2,239,456.18. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Oliver Tuszik sold 3,132 shares of Cisco Systems stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the transaction, the executive vice president owned 188,613 shares of the company's stock, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 46,431 shares of company stock valued at $3,574,820 in the last 90 days. Insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 1.1%

CSCO opened at $82.22 on Friday. Cisco Systems, Inc. has a 52 week low of $53.83 and a 52 week high of $88.18. The business has a fifty day simple moving average of $79.74 and a 200-day simple moving average of $76.17. The firm has a market cap of $324.76 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.10 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business had revenue of $15.35 billion during the quarter, compared to analyst estimates of $15.11 billion. During the same period last year, the business posted $0.94 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Thursday, April 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. The ex-dividend date is Thursday, April 2nd. Cisco Systems's dividend payout ratio (DPR) is 58.95%.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent research reports. Morgan Stanley increased their price target on Cisco Systems from $82.00 to $91.00 and gave the company an "overweight" rating in a report on Wednesday, December 17th. Erste Group Bank lowered Cisco Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cisco Systems in a research report on Tuesday, January 27th. Argus upgraded Cisco Systems to a "strong-buy" rating in a research report on Friday, February 13th. Finally, Evercore upgraded Cisco Systems from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $80.00 to $100.00 in a research report on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $89.76.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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