BDF Gestion Lowers Position in Cisco Systems, Inc. (NASDAQ:CSCO)

BDF Gestion decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,948 shares of the network equipment provider's stock after selling 13,888 shares during the quarter. BDF Gestion's holdings in Cisco Systems were worth $6,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. West Financial Advisors LLC increased its holdings in Cisco Systems by 116.6% in the 3rd quarter. West Financial Advisors LLC now owns 574 shares of the network equipment provider's stock worth $31,000 after purchasing an additional 309 shares in the last quarter. Highline Wealth Partners LLC increased its stake in shares of 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 buying an additional 260 shares during the period. Quarry LP raised its holdings in Cisco Systems by 222.4% in the 2nd quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after buying an additional 456 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Cisco Systems during the 3rd quarter worth approximately $40,000. Finally, Decker Retirement Planning Inc. bought a new stake in Cisco Systems during the 4th quarter worth approximately $49,000. Institutional investors own 73.33% of the company's stock.

Insider Activity

In related news, CFO Richard Scott Herren sold 86,351 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $57.49, for a total transaction of $4,964,318.99. Following the sale, the chief financial officer now owns 365,314 shares of the company's stock, valued at approximately $21,001,901.86. This represents a 19.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 586 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 50,767 shares of the company's stock, valued at approximately $2,979,515.23. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 353,522 shares of company stock worth $20,349,721. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BNP Paribas upgraded shares of Cisco Systems from a "neutral" rating to an "outperform" rating and set a $72.00 price target on the stock in a report on Tuesday. Barclays upped their price target on Cisco Systems from $49.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Cisco Systems from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Melius upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $73.00 in a report on Monday, January 6th. Finally, Citigroup raised their price target on shares of Cisco Systems from $64.00 to $68.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Cisco Systems Stock Performance

CSCO traded up $0.92 during trading hours on Thursday, hitting $60.47. The stock had a trading volume of 17,063,137 shares, compared to its average volume of 19,070,680. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $62.31. The company's fifty day simple moving average is $59.34 and its 200 day simple moving average is $54.35. The stock has a market cap of $240.84 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 4.59 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

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 for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $13.84 billion during the quarter, compared to the consensus estimate of $13.78 billion. Cisco Systems had a net margin of 17.73% and a return on equity of 25.70%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Equities analysts anticipate that Cisco Systems, Inc. will post 2.97 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, January 3rd. Cisco Systems's payout ratio is currently 68.67%.

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.