GAM Holding AG Makes New Investment in Cisco Systems, Inc. (NASDAQ:CSCO)

GAM Holding AG acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,084 shares of the network equipment provider's stock, valued at approximately $1,189,000.

Several other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC boosted its holdings in shares of Cisco Systems by 20.1% in the 4th quarter. Venturi Wealth Management LLC now owns 43,022 shares of the network equipment provider's stock valued at $2,547,000 after acquiring an additional 7,197 shares during the last quarter. Citizens & Northern Corp boosted its holdings in shares of Cisco Systems by 4.0% in the 4th quarter. Citizens & Northern Corp now owns 33,156 shares of the network equipment provider's stock valued at $1,963,000 after acquiring an additional 1,289 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Cisco Systems by 20.8% in the 4th quarter. Truist Financial Corp now owns 2,458,278 shares of the network equipment provider's stock valued at $145,530,000 after acquiring an additional 423,682 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Cisco Systems by 0.8% in the 4th quarter. CIBC Asset Management Inc now owns 1,483,656 shares of the network equipment provider's stock valued at $87,831,000 after acquiring an additional 12,177 shares during the last quarter. Finally, Total Investment Management Inc. boosted its holdings in Cisco Systems by 3.7% during the fourth quarter. Total Investment Management Inc. now owns 6,268 shares of the network equipment provider's stock worth $371,000 after buying an additional 224 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded down $0.69 during mid-day trading on Friday, reaching $63.98. The company's stock had a trading volume of 18,884,987 shares, compared to its average volume of 19,763,086. The stock has a 50-day moving average of $60.55 and a two-hundred day moving average of $56.01. The stock has a market capitalization of $254.53 billion, a P/E ratio of 27.94, a P/E/G ratio of 4.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.79 and a current ratio of 0.87. Cisco Systems, Inc. has a 1-year low of $44.50 and a 1-year high of $66.50.

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

Cisco Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be given 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 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, April 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 71.62%.

Cisco Systems declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the network equipment provider to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSCO shares. JPMorgan Chase & Co. increased their price target on shares of Cisco Systems from $69.00 to $73.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. DZ Bank raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a report on Tuesday. StockNews.com raised shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, BNP Paribas raised 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, January 28th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.53.

Insider Buying and Selling

In related news, SVP Maria Victoria Wong sold 4,881 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $59.73, for a total transaction of $291,542.13. Following the completion of the sale, the senior vice president now directly owns 51,931 shares in the company, valued at approximately $3,101,838.63. This trade represents a 8.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 31,983 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 736,120 shares of the company's stock, valued at approximately $47,413,489.20. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,921 shares of company stock worth $4,298,667. Insiders own 0.01% of the company's stock.

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.