Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 520.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,608,715 shares of the network equipment provider's stock after purchasing an additional 2,188,252 shares during the quarter. APG Asset Management N.V. owned about 0.07% of Cisco Systems worth $149,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. German American Bancorp Inc. raised its holdings in Cisco Systems by 1.4% in the 4th quarter. German American Bancorp Inc. now owns 108,660 shares of the network equipment provider's stock valued at $6,433,000 after buying an additional 1,456 shares during the period. Bank of Nova Scotia increased its stake in shares of Cisco Systems by 73.6% during the fourth quarter. Bank of Nova Scotia now owns 2,646,681 shares of the network equipment provider's stock worth $156,684,000 after buying an additional 1,121,857 shares during the period. Canopy Partners LLC lifted its position in shares of Cisco Systems by 63.8% during the 4th quarter. Canopy Partners LLC now owns 15,171 shares of the network equipment provider's stock worth $898,000 after purchasing an additional 5,909 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of Cisco Systems by 19.8% in the 4th quarter. Twin Capital Management Inc. now owns 38,900 shares of the network equipment provider's stock valued at $2,303,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Sierra Summit Advisors LLC boosted its holdings in shares of Cisco Systems by 26.6% in the 4th quarter. Sierra Summit Advisors LLC now owns 34,881 shares of the network equipment provider's stock valued at $2,065,000 after buying an additional 7,326 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

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Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 31,983 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the sale, the chief executive officer now owns 736,120 shares of the company's stock, valued at $47,413,489.20. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at $21,616,318.05. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research reports. StockNews.com lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 5th. DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $66.00 to $73.00 in a research report on Monday, January 6th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Finally, Morgan Stanley boosted their target price on Cisco Systems from $62.00 to $68.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $66.00.

Cisco Systems Price Performance

Cisco Systems stock traded up $0.74 during trading hours on Friday, hitting $57.33. The stock had a trading volume of 23,031,744 shares, compared to its average volume of 20,100,346. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50. The stock has a market capitalization of $228.08 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 4.16 and a beta of 0.86. The stock's fifty day moving average is $61.30 and its two-hundred day moving average is $59.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.96% and a return on equity of 26.08%. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

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

Cisco Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a $0.41 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. Cisco Systems's dividend payout ratio is presently 71.62%.

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.