MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 68,377 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)


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MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 67.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,494 shares of the network equipment provider’s stock after buying an additional 68,377 shares during the quarter. Cisco Systems makes up 0.9% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 23rd biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Cisco Systems were worth $8,765,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lake Street Financial LLC grew its stake in shares of Cisco Systems by 0.9% during the first quarter. Lake Street Financial LLC now owns 23,885 shares of the network equipment provider’s stock worth $1,235,000 after buying an additional 220 shares during the last quarter. Polaris Wealth Advisory Group LLC grew its stake in shares of Cisco Systems by 2.6% in the first quarter. Polaris Wealth Advisory Group LLC now owns 8,533 shares of the network equipment provider’s stock worth $445,000 after purchasing an additional 220 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Cisco Systems by 1.9% in the first quarter. YorkBridge Wealth Partners LLC now owns 12,109 shares of the network equipment provider’s stock worth $626,000 after purchasing an additional 220 shares during the last quarter. Sara Bay Financial grew its stake in shares of Cisco Systems by 1.3% in the first quarter. Sara Bay Financial now owns 17,326 shares of the network equipment provider’s stock worth $896,000 after purchasing an additional 221 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners grew its stake in shares of Cisco Systems by 3.8% in the first quarter. Tennessee Valley Asset Management Partners now owns 6,124 shares of the network equipment provider’s stock worth $317,000 after purchasing an additional 223 shares during the last quarter. 70.62% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CAO Prat Bhatt sold 6,273 shares of the company’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $47.21, for a total value of $296,148.33. Following the transaction, the chief accounting officer now directly owns 119,282 shares in the company, valued at $5,631,303.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director M Michele Burns sold 13,982 shares of the company’s stock in a transaction dated Friday, March 26th. The stock was sold at an average price of $51.55, for a total transaction of $720,772.10. Following the completion of the transaction, the director now owns 70,468 shares in the company, valued at $3,632,625.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,776 shares of company stock worth $1,832,205. 0.02% of the stock is owned by insiders.

Several brokerages recently weighed in on CSCO. DZ Bank raised shares of Cisco Systems from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, February 11th. Oppenheimer reissued a “buy” rating and issued a $50.00 price objective on shares of Cisco Systems in a research note on Tuesday, February 9th. JPMorgan Chase & Co. raised shares of Cisco Systems from a “neutral” rating to an “overweight” rating and set a $55.00 price target on the stock in a research report on Thursday, March 11th. Credit Suisse Group upped their price target on shares of Cisco Systems from $41.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, February 10th. Finally, Wolfe Research raised shares of Cisco Systems from a “peer perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a research report on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $50.71.

CSCO opened at $51.93 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $50.26 and a 200-day moving average price of $44.86. Cisco Systems, Inc. has a twelve month low of $35.28 and a twelve month high of $53.18. The stock has a market capitalization of $219.24 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.54 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Tuesday, February 9th. The network equipment provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. The company had revenue of $11.96 billion during the quarter, compared to analyst estimates of $11.92 billion. Cisco Systems had a net margin of 21.76% and a return on equity of 32.64%. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, analysts expect that Cisco Systems, Inc. will post 2.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. Investors of record on Tuesday, April 6th will be given a dividend of $0.37 per share. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, April 5th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. Cisco Systems’s dividend payout ratio is currently 50.68%.

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. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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