B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 714,637 Cisco Systems, Inc. (NASDAQ:CSCO)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 714,637 shares of the network equipment provider's stock, valued at approximately $38,033,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSCO. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Cisco Systems by 59.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 775,559 shares of the network equipment provider's stock worth $36,847,000 after buying an additional 288,775 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of Cisco Systems by 24.4% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 264,647 shares of the network equipment provider's stock worth $12,573,000 after buying an additional 51,924 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of Cisco Systems by 10.9% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,658,417 shares of the network equipment provider's stock worth $88,261,000 after buying an additional 162,544 shares during the period. Quintet Private Bank Europe S.A. boosted its stake in Cisco Systems by 17.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 635,667 shares of the network equipment provider's stock worth $33,830,000 after acquiring an additional 92,179 shares during the last quarter. Finally, IRON Financial LLC bought a new position in Cisco Systems during the 3rd quarter worth approximately $856,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 638 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now directly owns 46,017 shares of the company's stock, valued at approximately $2,258,974.53. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,328 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $48.92, for a total transaction of $64,965.76. Following the transaction, the executive vice president now directly owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,615 shares of company stock worth $682,681. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Barclays lifted their price objective on shares of Cisco Systems from $49.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Piper Sandler lifted their price objective on shares of Cisco Systems from $52.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cisco Systems from $52.00 to $53.00 and gave the company a "hold" rating in a research note on Thursday, August 15th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.94.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $57.31 on Tuesday. The company has a fifty day moving average price of $54.35 and a two-hundred day moving average price of $49.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $228.71 billion, a P/E ratio of 24.60, a P/E/G ratio of 4.67 and a beta of 0.83. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $59.38.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $13.84 billion during the quarter, compared to analysts' expectations of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. Cisco Systems's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts predict that Cisco Systems, Inc. will post 2.89 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 3rd. Cisco Systems's dividend payout ratio is presently 68.67%.

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.

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