Cisco Systems, Inc. (NASDAQ:CSCO) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,777,851 shares of the network equipment provider’s stock after purchasing an additional 124,988 shares during the period. Natixis Advisors LLC owned about 0.07% of Cisco Systems worth $164,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB lifted its position in Cisco Systems by 0.6% in the 3rd 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 in the last quarter. Neumann Capital Management LLC raised its holdings in shares of Cisco Systems by 1.0% during the 3rd quarter. Neumann Capital Management LLC now owns 21,154 shares of the network equipment provider’s stock valued at $1,126,000 after purchasing an additional 200 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Cisco Systems by 4.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,471,479 shares of the network equipment provider’s stock valued at $78,311,000 after purchasing an additional 64,582 shares in the last quarter. First Business Financial Services Inc. raised its holdings in shares of Cisco Systems by 7.0% during the 3rd quarter. First Business Financial Services Inc. now owns 50,979 shares of the network equipment provider’s stock valued at $2,713,000 after purchasing an additional 3,329 shares in the last quarter. Finally, BluePointe Capital Management LLC raised its holdings in shares of Cisco Systems by 4.0% during the 3rd quarter. BluePointe Capital Management LLC now owns 8,537 shares of the network equipment provider’s stock valued at $454,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 2,065 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $60.70, for a total transaction of $125,345.50. Following the sale, the executive vice president now owns 191,184 shares in the company, valued at approximately $11,604,868.80. This represents a 1.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard Scott Herren sold 19,929 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 335,605 shares in the company, valued at $21,616,318.05. This trade represents a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,547 shares of company stock worth $4,275,553 in the last three months. 0.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities upgraded shares of Cisco Systems from a “neutral” rating to a “buy” rating and raised their price target for the company from $66.00 to $80.00 in a report on Thursday, February 13th. Melius upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $66.00 to $73.00 in a report on Monday, January 6th. Piper Sandler reiterated a “neutral” rating on shares of Cisco Systems in a report on Thursday, March 6th. Barclays restated an “equal weight” rating on shares of Cisco Systems in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group raised their price target on shares of Cisco Systems from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven equities 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 stock. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

Cisco Systems Stock Up 1.4 %

Shares of NASDAQ CSCO opened at $60.50 on Friday. 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 current ratio of 0.87 and a quick ratio of 0.79. The firm’s 50 day simple moving average is $61.79 and its two-hundred day simple moving average is $57.70. The stock has a market capitalization of $240.69 billion, a P/E ratio of 26.42, a PEG ratio of 4.16 and a beta of 0.79.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, February 12th. The network equipment provider reported $0.77 earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the network equipment provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Cisco Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.41 per share. This is an increase from Cisco Systems’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Cisco Systems’s payout ratio is currently 71.62%.

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.