Nan Shan Life Insurance Co. Ltd. Has $28.76 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Nan Shan Life Insurance Co. Ltd. lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 485,832 shares of the network equipment provider's stock after buying an additional 188,000 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Cisco Systems were worth $28,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Cisco Systems in the fourth quarter worth approximately $3,297,905,000. FMR LLC increased its stake in Cisco Systems by 20.8% in the 4th quarter. FMR LLC now owns 77,216,513 shares of the network equipment provider's stock valued at $4,571,218,000 after buying an additional 13,285,052 shares during the period. Raymond James Financial Inc. purchased a new stake in Cisco Systems in the 4th quarter worth approximately $560,722,000. Alyeska Investment Group L.P. acquired a new stake in shares of Cisco Systems during the 4th quarter valued at $413,491,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Cisco Systems by 187.9% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,478,872 shares of the network equipment provider's stock valued at $442,749,000 after buying an additional 4,880,747 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target 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. Evercore ISI dropped their target price on Cisco Systems from $75.00 to $67.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. DZ Bank upgraded Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Rosenblatt Securities reduced their target price on shares of Cisco Systems from $80.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $65.05.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the transaction, the executive vice president now directly owns 191,184 shares in the company, valued at $11,604,868.80. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Scott Herren sold 19,929 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $64.41, for a total value of $1,283,626.89. Following the completion of the sale, the chief financial officer now owns 335,605 shares of the company's stock, valued at $21,616,318.05. This represents a 5.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 in the last ninety days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Trading Up 0.2%

Shares of NASDAQ:CSCO opened at $61.78 on Wednesday. The stock's 50-day moving average is $58.70 and its 200-day moving average is $59.53. Cisco Systems, Inc. has a 52-week low of $44.50 and a 52-week high of $66.50. The company has a market cap of $245.78 billion, a P/E ratio of 26.98, a P/E/G ratio of 4.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.14). Cisco Systems had a return on equity of 26.08% and a net margin of 16.96%. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

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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