Siemens Fonds Invest GmbH Has $146,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Siemens Fonds Invest GmbH trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 98.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,462 shares of the network equipment provider's stock after selling 196,117 shares during the period. Siemens Fonds Invest GmbH's holdings in Cisco Systems were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $26,000. Navigoe LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $31,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $36,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Maria Victoria Wong sold 762 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the completion of the transaction, the senior vice president now directly 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 hyperlink. Also, EVP Deborah L. Stahlkopf sold 11,808 shares of Cisco Systems 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 in the company, valued at $12,886,294.67. This represents a 5.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,239 shares of company stock valued at $2,181,437. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

CSCO stock traded down $0.50 during midday trading on Tuesday, hitting $63.42. 14,991,525 shares of the company traded hands, compared to its average volume of 20,368,936. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The business has a 50 day simple moving average of $58.89 and a 200-day simple moving average of $59.81. The stock has a market capitalization of $252.30 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The network equipment provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. The company had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter last year, the company posted $0.88 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems announced that its board has authorized a share buyback program on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd will be given a $0.41 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.59%. Cisco Systems's dividend payout ratio is 66.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. DZ Bank raised Cisco Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company upgraded Cisco Systems from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $72.00 to $75.00 in a report on Thursday, May 15th. Barclays upped their target price on Cisco Systems from $61.00 to $66.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. UBS Group upped their target price on Cisco Systems from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Evercore ISI upped their target price on Cisco Systems from $67.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

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.