Van Lanschot Kempen Investment Management N.V. Sells 200,224 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

Van Lanschot Kempen Investment Management N.V. reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 875,018 shares of the network equipment provider's stock after selling 200,224 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Cisco Systems were worth $51,801,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Cisco Systems during the fourth quarter valued at about $26,000. Runnymede Capital Advisors Inc. acquired a new position in Cisco Systems during the 4th quarter worth approximately $30,000. Campbell Capital Management Inc. bought a new position in Cisco Systems in the fourth quarter worth approximately $31,000. Highline Wealth Partners LLC grew its stake in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after acquiring an additional 260 shares during the period. Finally, Synergy Investment Management LLC bought a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $36,000. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.40 on Friday, reaching $56.69. The stock had a trading volume of 7,499,964 shares, compared to its average volume of 20,165,976. The business's 50 day moving average is $59.99 and its two-hundred day moving average is $59.16. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $225.51 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $66.50.

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

Cisco Systems declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Cisco Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were given a dividend of $0.41 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.89%. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio (DPR) is 71.62%.

Analysts Set New Price Targets

CSCO has been the subject of several research reports. Barclays reissued an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Piper Sandler decreased their target price on shares of Cisco Systems from $72.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. StockNews.com cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group boosted 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, Wells Fargo & Company reissued an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $64.68.

Cisco Systems Company 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.