Van Lanschot Kempen Investment Management N.V. Has $51.80 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Van Lanschot Kempen Investment Management N.V. lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 875,018 shares of the network equipment provider's stock after selling 200,224 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Cisco Systems were worth $51,801,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CSCO. FPC Investment Advisory Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $26,000. Runnymede Capital Advisors Inc. bought a new position in shares of Cisco Systems during the fourth quarter valued at $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Cisco Systems in the 4th quarter valued at $31,000. Highline Wealth Partners LLC grew its holdings in shares of Cisco Systems by 76.7% in the 4th quarter. Highline Wealth Partners LLC now owns 599 shares of the network equipment provider's stock worth $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 worth about $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In related news, CFO Richard Scott Herren sold 19,929 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $64.41, for a total value of $1,283,626.89. Following the sale, the chief financial officer now directly owns 335,605 shares of the company's stock, valued at approximately $21,616,318.05. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 762 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $60.99, for a total value of $46,474.38. Following the transaction, the senior vice president now owns 44,155 shares of the company's stock, valued at approximately $2,693,013.45. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,547 shares of company stock valued at $4,275,553. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Up 1.1 %

Shares of Cisco Systems stock traded up $0.58 during trading on Wednesday, hitting $55.62. 30,223,422 shares of the company were exchanged, compared to its average volume of 20,183,487. The firm has a market capitalization of $221.28 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 4.16 and a beta of 0.86. The firm's fifty day moving average price is $60.35 and its 200 day moving average price is $59.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.87 and a quick ratio of 0.79. 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 quarterly earnings data 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems announced that its board has initiated a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the network equipment provider to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is 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. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Cisco Systems's previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.95%. Cisco Systems's payout ratio is currently 71.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CSCO shares. Rosenblatt Securities reduced their price target on shares of Cisco Systems from $80.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday. UBS Group boosted their target price on Cisco Systems from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Barclays reaffirmed an "equal weight" rating on shares of Cisco Systems in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Cisco Systems from $73.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group increased their price objective 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. Seven research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.68.

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.