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

APG Asset Management US Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 40.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,779 shares of the network equipment provider's stock after acquiring an additional 32,791 shares during the quarter. APG Asset Management US Inc.'s holdings in Cisco Systems were worth $6,736,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Frisch Financial Group Inc. boosted its stake in shares of Cisco Systems by 5.8% during the third quarter. Frisch Financial Group Inc. now owns 7,889 shares of the network equipment provider's stock worth $420,000 after buying an additional 430 shares during the period. Valued Retirements Inc. purchased a new stake in Cisco Systems during the 3rd quarter valued at approximately $264,000. Geode Capital Management LLC lifted its position in Cisco Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 95,630,469 shares of the network equipment provider's stock worth $5,075,320,000 after acquiring an additional 1,262,017 shares during the period. RB Capital Management LLC grew its stake in shares of Cisco Systems by 2.9% in the 3rd quarter. RB Capital Management LLC now owns 9,850 shares of the network equipment provider's stock valued at $524,000 after purchasing an additional 277 shares during the last quarter. Finally, Twin Lakes Capital Management LLC increased its holdings in shares of Cisco Systems by 2.5% in the third quarter. Twin Lakes Capital Management LLC now owns 14,824 shares of the network equipment provider's stock valued at $789,000 after purchasing an additional 365 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Rosenblatt Securities upgraded shares of Cisco Systems from a "neutral" rating to a "buy" rating and raised their target price for the stock from $66.00 to $80.00 in a research note on Thursday, February 13th. Piper Sandler dropped their price target on shares of Cisco Systems from $72.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price objective on shares of Cisco Systems from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their target price on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Seven 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.00.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 31,983 shares of Cisco Systems stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $2,060,025.03. Following the completion of the sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 2,065 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 191,184 shares of the company's stock, valued at $11,604,868.80. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 over the last ninety days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.74 during trading hours on Friday, hitting $57.33. The company's stock had a trading volume of 23,031,744 shares, compared to its average volume of 20,115,075. The company has a current ratio of 0.87, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. Cisco Systems, Inc. has a twelve month low of $44.50 and a twelve month high of $66.50. The stock has a market cap of $228.08 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 4.16 and a beta of 0.86. The business has a fifty day moving average of $61.30 and a 200-day moving average of $59.05.

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

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 71.62%.

Cisco Systems declared that its board has approved a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

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.