Cisco Systems, Inc. (NASDAQ:CSCO) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,658,417 shares of the network equipment provider's stock after purchasing an additional 162,544 shares during the quarter. Cisco Systems comprises 2.4% of Commerzbank Aktiengesellschaft FI's portfolio, making the stock its 13th biggest holding. Commerzbank Aktiengesellschaft FI's holdings in Cisco Systems were worth $88,261,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Cisco Systems during the second quarter valued at approximately $25,000. Quarry LP grew its holdings in shares of Cisco Systems by 222.4% in the second quarter. Quarry LP now owns 661 shares of the network equipment provider's stock valued at $31,000 after purchasing an additional 456 shares in the last quarter. West Financial Advisors LLC increased its position in Cisco Systems by 116.6% in the third 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 during the last quarter. Retirement Group LLC raised its stake in Cisco Systems by 56.8% during the first quarter. Retirement Group LLC now owns 726 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 263 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in Cisco Systems during the second quarter valued at $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CSCO. Tigress Financial increased their price target on shares of Cisco Systems from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, October 14th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the stock from $46.00 to $58.00 in a report on Friday, August 16th. Needham & Company LLC restated a "hold" rating on shares of Cisco Systems in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Cisco Systems from $52.00 to $53.00 and gave the company a "hold" rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group lowered their target price on shares of Cisco Systems from $56.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.74.

Cisco Systems Stock Down 0.6 %

Shares of CSCO stock traded down $0.32 during trading hours on Wednesday, reaching $56.28. 18,718,224 shares of the company's stock were exchanged, compared to its average volume of 19,133,939. Cisco Systems, Inc. has a 1 year low of $44.50 and a 1 year high of $57.06. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The stock has a market cap of $226.74 billion, a PE ratio of 18.95, a PEG ratio of 4.22 and a beta of 0.83. The stock's fifty day moving average price is $51.85 and its two-hundred day moving average price is $48.77.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to analysts' expectations of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The business's quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 earnings per share. Research analysts predict that Cisco Systems, Inc. will post 2.9 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.40 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.60 annualized dividend and a yield of 2.84%. Cisco Systems's dividend payout ratio (DPR) is presently 53.87%.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 638 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,328 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $48.92, for a total value of $64,965.76. Following the completion of the transaction, the executive vice president now owns 132,910 shares in the company, valued at approximately $6,501,957.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 638 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $49.09, for a total value of $31,319.42. Following the sale, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,529 shares of company stock worth $3,509,049. Company insiders own 0.02% of the company's stock.

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.