Banco Bilbao Vizcaya Argentaria S.A. Has $26.15 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,341 shares of the network equipment provider's stock after selling 100,361 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cisco Systems were worth $26,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in shares of Cisco Systems during the fourth quarter valued at $26,000. Runnymede Capital Advisors Inc. acquired a new stake in Cisco Systems during the 4th quarter worth $30,000. Campbell Capital Management Inc. bought a new position in shares of Cisco Systems in the 4th quarter worth $31,000. Highline Wealth Partners LLC increased its holdings in Cisco Systems by 76.7% in the fourth quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock valued at $35,000 after purchasing an additional 260 shares during the last quarter. Finally, Synergy Investment Management LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $36,000. 73.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the subject of several research analyst reports. StockNews.com lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 5th. BNP Paribas raised Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays reaffirmed an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Finally, DZ Bank upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.68.

Cisco Systems Trading Up 1.1 %

Shares of CSCO stock opened at $55.62 on Thursday. Cisco Systems, Inc. has a 12-month low of $44.50 and a 12-month high of $66.50. The firm has a 50 day moving average price of $60.16 and a two-hundred day moving average price of $59.13. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $221.28 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share (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 year.

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were given a dividend of $0.41 per share. This is a boost from Cisco Systems's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.64 annualized dividend and a yield of 2.95%. Cisco Systems's dividend payout ratio is currently 71.62%.

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

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of Cisco Systems stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now directly owns 191,184 shares of the company's stock, valued at approximately $11,604,868.80. The trade was a 1.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $64.41, for a total transaction of $2,060,025.03. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 66,547 shares of company stock worth $4,275,553. 0.01% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.