Flossbach Von Storch AG Sells 10,830 Shares of Cisco Systems, Inc. (CSCO)

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Flossbach Von Storch AG reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 66.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,510 shares of the network equipment provider’s stock after selling 10,830 shares during the period. Flossbach Von Storch AG’s holdings in Cisco Systems were worth $236,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. IFG Advisory LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $2,375,000. Stonehearth Capital Management LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $102,000. Keeler Thomas Management LLC bought a new position in shares of Cisco Systems in the 4th quarter worth $108,000. Goodman Financial Corp bought a new position in shares of Cisco Systems in the 4th quarter worth $115,000. Finally, Certified Advisory Corp bought a new position in shares of Cisco Systems in the 4th quarter worth $116,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

In other Cisco Systems news, EVP David Goeckeler sold 35,000 shares of Cisco Systems stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $43.27, for a total value of $1,514,450.00. Following the sale, the executive vice president now owns 490,458 shares of the company’s stock, valued at approximately $21,222,117.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

CSCO has been the topic of several recent research reports. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $46.32 price target on the stock. in a research report on Monday, April 9th. Goldman Sachs Group raised Cisco Systems from a “buy” rating to a “conviction-buy” rating in a research note on Friday, March 23rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $49.00 price objective (up previously from $48.00) on shares of Cisco Systems in a research note on Wednesday, April 18th. Citigroup raised their price objective on Cisco Systems from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, March 16th. Finally, JPMorgan Chase & Co. assumed coverage on Cisco Systems in a research note on Thursday, May 3rd. They set an “overweight” rating and a $57.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.56.

CSCO opened at $43.03 on Monday. Cisco Systems, Inc. has a 1 year low of $30.36 and a 1 year high of $46.37. The stock has a market capitalization of $207.30 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.28 and a current ratio of 2.34.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, May 16th. The network equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Cisco Systems had a positive return on equity of 19.48% and a negative net margin of 2.61%. The firm had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $12.42 billion. During the same quarter last year, the business posted $0.60 EPS. analysts expect that Cisco Systems, Inc. will post 2.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Friday, July 6th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, July 5th. Cisco Systems’s dividend payout ratio is 61.40%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

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

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