Banco de Sabadell S.A Boosts Stock Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Banco de Sabadell S.A increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,362 shares of the network equipment provider's stock after acquiring an additional 5,422 shares during the period. Cisco Systems comprises approximately 2.0% of Banco de Sabadell S.A's portfolio, making the stock its 17th largest position. Banco de Sabadell S.A's holdings in Cisco Systems were worth $2,504,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Cisco Systems by 0.6% in the third quarter. Swedbank AB now owns 9,029,594 shares of the network equipment provider's stock worth $480,555,000 after buying an additional 52,711 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of Cisco Systems during the third quarter valued at about $16,798,000. Pacer Advisors Inc. increased its holdings in Cisco Systems by 5.8% during the 3rd quarter. Pacer Advisors Inc. now owns 682,132 shares of the network equipment provider's stock valued at $36,303,000 after purchasing an additional 37,424 shares during the period. CFS Investment Advisory Services LLC lifted its stake in Cisco Systems by 4.0% in the third quarter. CFS Investment Advisory Services LLC now owns 16,881 shares of the network equipment provider's stock worth $898,000 after acquiring an additional 651 shares during the period. Finally, Meridian Wealth Management LLC lifted its holdings in Cisco Systems by 10.9% in the third quarter. Meridian Wealth Management LLC now owns 20,952 shares of the network equipment provider's stock worth $1,117,000 after buying an additional 2,060 shares during the period. Institutional investors own 73.33% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 762 shares of Cisco Systems stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total transaction of $46,474.38. Following the transaction, the senior vice president now directly owns 44,155 shares of the company's stock, valued at $2,693,013.45. The trade was a 1.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at $47,413,489.20. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,547 shares of company stock worth $4,275,553. Company insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company restated an "equal weight" rating on shares of Cisco Systems in a research note on Thursday, March 6th. Citigroup reissued an "overweight" rating on shares of Cisco Systems in a research report on Thursday, March 6th. Piper Sandler reaffirmed a "neutral" rating on shares of Cisco Systems in a research report on Thursday, March 6th. BNP Paribas raised shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target for the company in a research report on Tuesday, January 28th. Finally, UBS Group upped their price objective on shares of Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $66.63.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.40 during midday trading on Thursday, hitting $61.40. 25,714,633 shares of the stock traded hands, compared to its average volume of 18,110,283. The firm has a market capitalization of $244.27 billion, a P/E ratio of 26.81, a PEG ratio of 4.16 and a beta of 0.79. Cisco Systems, Inc. has a one year low of $44.50 and a one year high of $66.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. The firm has a 50-day moving average of $62.10 and a two-hundred day moving average of $58.38.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share 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%. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems announced that its board has approved a share buyback plan on Wednesday, February 12th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the network equipment provider to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Cisco Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued 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 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio is currently 71.62%.

About Cisco Systems

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.