Flossbach Von Storch AG raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 128.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,540,666 shares of the network equipment provider’s stock after buying an additional 3,681,180 shares during the period. Cisco Systems accounts for approximately 1.7% of Flossbach Von Storch AG’s portfolio, making the stock its 17th biggest holding. Flossbach Von Storch AG owned 0.15% of Cisco Systems worth $257,114,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Permanens Capital L.P. bought a new position in shares of Cisco Systems in the fourth quarter worth about $31,000. Lion Street Advisors LLC bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Emerald Advisers LLC bought a new position in shares of Cisco Systems in the fourth quarter worth about $38,000. Sageworth Trust Co increased its stake in shares of Cisco Systems by 59.5% in the fourth quarter. Sageworth Trust Co now owns 804 shares of the network equipment provider’s stock worth $39,000 after purchasing an additional 300 shares during the period. Finally, Bourgeon Capital Management LLC bought a new position in shares of Cisco Systems in the first quarter worth about $32,000. Institutional investors and hedge funds own 70.94% of the company’s stock.
Shares of CSCO traded up $0.26 on Friday, hitting $44.90. The company’s stock had a trading volume of 12,395,086 shares, compared to its average volume of 23,230,478. The company has a market capitalization of $188.48 billion, a PE ratio of 17.82, a PEG ratio of 2.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.55. Cisco Systems, Inc. has a fifty-two week low of $32.40 and a fifty-two week high of $58.26. The company has a 50 day moving average price of $42.08 and a 200 day moving average price of $44.21.
Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.87 billion. Cisco Systems had a return on equity of 36.47% and a net margin of 21.32%. During the same period in the previous year, the business earned $0.78 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 2.86 EPS for the current year.
In other news, CFO Kelly A. Kramer sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $41.17, for a total value of $2,881,900.00. Following the transaction, the chief financial officer now directly owns 308,241 shares of the company’s stock, valued at approximately $12,690,281.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.
A number of research firms recently weighed in on CSCO. Barclays lifted their target price on Cisco Systems from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a research report on Thursday, May 14th. William Blair reissued a “market perform” rating on shares of Cisco Systems in a research report on Thursday, February 13th. Citigroup lifted their target price on Cisco Systems from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, BidaskClub raised Cisco Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. Sixteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.13.
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 worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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