Baader Bank Aktiengesellschaft Takes $784,000 Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Baader Bank Aktiengesellschaft purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 13,250 shares of the network equipment provider's stock, valued at approximately $784,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pflug Koory LLC boosted its stake in Cisco Systems by 0.5% during the 4th quarter. Pflug Koory LLC now owns 33,026 shares of the network equipment provider's stock valued at $1,955,000 after purchasing an additional 165 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of Cisco Systems by 1.7% during the 4th quarter. Beaumont Financial Advisors LLC now owns 10,591 shares of the network equipment provider's stock worth $627,000 after buying an additional 173 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Cisco Systems by 0.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 31,744 shares of the network equipment provider's stock worth $1,879,000 after buying an additional 178 shares in the last quarter. Aviso Wealth Management lifted its position in shares of Cisco Systems by 2.4% during the 3rd quarter. Aviso Wealth Management now owns 7,615 shares of the network equipment provider's stock worth $405,000 after buying an additional 181 shares in the last quarter. Finally, Waypoint Capital Advisors LLC lifted its position in shares of Cisco Systems by 2.9% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 6,497 shares of the network equipment provider's stock worth $346,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 586 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $58.69, for a total transaction of $34,392.34. Following the sale, the senior vice president now owns 50,767 shares in the company, valued at $2,979,515.23. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 58,188 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $57.49, for a total transaction of $3,345,228.12. Following the completion of the sale, the executive vice president now owns 219,100 shares in the company, valued at $12,596,059. This represents a 20.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 1.9 %

CSCO stock traded up $1.13 during trading on Thursday, reaching $60.68. The company had a trading volume of 8,772,876 shares, compared to its average volume of 18,672,510. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $62.31. The company has a market cap of $241.65 billion, a P/E ratio of 26.03, a PEG ratio of 4.59 and a beta of 0.84. The business has a 50 day moving average of $59.34 and a 200 day moving average of $54.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The network equipment provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $13.84 billion for 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%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 2.97 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, January 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 68.67%.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Cisco Systems from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $55.00 to $66.00 in a report on Monday, November 11th. Citigroup boosted their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Bank of America upped their target price on shares of Cisco Systems from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Melius upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the stock from $66.00 to $73.00 in a research report on Monday, January 6th. Finally, Morgan Stanley upped their target price on shares of Cisco Systems from $62.00 to $68.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.72.

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.