Van Lanschot Kempen Investment Management N.V. Increases Position in Cisco Systems, Inc. $CSCO

Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 880,649 shares of the network equipment provider’s stock after buying an additional 5,631 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Cisco Systems were worth $54,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Financial Group Inc. raised its stake in Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider’s stock worth $302,000 after purchasing an additional 169 shares during the period. Capital Advantage Inc. raised its stake in Cisco Systems by 1.0% during the fourth quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider’s stock worth $1,028,000 after purchasing an additional 172 shares during the period. Avalon Trust Co raised its stake in Cisco Systems by 5.4% during the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider’s stock worth $212,000 after purchasing an additional 177 shares during the period. Rossmore Private Capital raised its stake in Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider’s stock worth $4,272,000 after purchasing an additional 181 shares during the period. Finally, GSG Advisors LLC raised its stake in Cisco Systems by 4.8% during the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider’s stock worth $234,000 after purchasing an additional 183 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.1%

NASDAQ CSCO opened at $66.95 on Tuesday. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market capitalization of $265.12 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.83 and a beta of 0.91. The company’s fifty day moving average price is $68.00 and its two-hundred day moving average price is $63.42.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total transaction of $952,950.00. Following the completion of the transaction, the executive vice president owned 131,676 shares in the company, valued at approximately $8,365,376.28. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,731 shares of company stock worth $5,021,519. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSCO shares. JPMorgan Chase & Co. increased their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Evercore ISI increased their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Barclays increased their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Ten equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

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.