AEGON ASSET MANAGEMENT UK Plc Has $66.44 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• AEGON ASSET MANAGEMENT UK Plc has increased its holdings in Cisco Systems by 2.9% to 958,288 shares, making it the 29th largest position in its portfolio, valued at approximately $66.44 million.
• Institutional investors own 73.33% of Cisco Systems' stock, with other hedge funds making notable changes to their positions in the company during the second quarter.
• Cisco Systems recently reported a quarterly earnings per share (EPS) of $0.99, surpassing the consensus estimate, and set a dividend of $0.41 per share, yielding 2.4%.

AEGON ASSET MANAGEMENT UK Plc raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 958,288 shares of the network equipment provider's stock after buying an additional 27,306 shares during the quarter. Cisco Systems accounts for about 0.9% of AEGON ASSET MANAGEMENT UK Plc's investment portfolio, making the stock its 29th largest position. AEGON ASSET MANAGEMENT UK Plc's holdings in Cisco Systems were worth $66,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its holdings in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after buying an additional 193 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Cisco Systems during the 2nd quarter worth approximately $32,000. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems during the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. acquired a new stake in shares of Cisco Systems during the 1st quarter worth approximately $31,000. Finally, Fairway Wealth LLC grew its holdings in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CSCO. Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. CICC Research began coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. Wolfe Research began coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. HSBC reissued a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $74.72.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

Cisco Systems stock opened at $68.66 on Wednesday. The business has a 50 day simple moving average of $68.24 and a 200 day simple moving average of $64.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a market capitalization of $271.43 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

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.

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