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

Siemens Fonds Invest GmbH cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 98.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,462 shares of the network equipment provider’s stock after selling 196,117 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Cisco Systems were worth $146,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Snowden Capital Advisors LLC boosted its position in Cisco Systems by 2.8% during the 4th quarter. Snowden Capital Advisors LLC now owns 115,032 shares of the network equipment provider’s stock worth $6,810,000 after buying an additional 3,175 shares during the period. Security National Bank of SO Dak acquired a new stake in Cisco Systems during the 4th quarter worth approximately $246,000. SGL Investment Advisors Inc. boosted its position in Cisco Systems by 6.8% during the 4th quarter. SGL Investment Advisors Inc. now owns 4,508 shares of the network equipment provider’s stock worth $282,000 after buying an additional 288 shares during the period. Raiffeisen Bank International AG acquired a new stake in Cisco Systems during the 4th quarter worth approximately $51,287,000. Finally, Redwood Investment Management LLC boosted its stake in shares of Cisco Systems by 49.9% in the 4th quarter. Redwood Investment Management LLC now owns 59,535 shares of the network equipment provider’s stock valued at $3,524,000 after purchasing an additional 19,822 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Down 1.0%

Cisco Systems stock opened at $63.62 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The firm’s fifty day moving average is $58.75 and its 200 day moving average is $59.72. The company has a market capitalization of $253.10 billion, a PE ratio of 27.78, a PEG ratio of 4.16 and a beta of 0.89.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 14th. The network equipment provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. Cisco Systems had a net margin of 16.96% and a return on equity of 26.08%. The firm had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its board has authorized a share repurchase plan on Wednesday, February 12th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.64 annualized dividend and a yield of 2.58%. Cisco Systems’s payout ratio is 71.62%.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction dated 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 owns 191,184 shares in the company, valued at $11,604,868.80. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $60.99, for a total transaction of $46,474.38. Following the transaction, the senior vice president now directly owns 44,155 shares in the company, valued at $2,693,013.45. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,635 shares of company stock worth $931,901. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CSCO. New Street Research reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Cisco Systems in a research note on Friday. Piper Sandler upped their price objective on shares of Cisco Systems from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays upped their price objective on shares of Cisco Systems from $61.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley upped their price objective on shares of Cisco Systems from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.