AG2R LA Mondiale Gestion D Actifs Takes Position in Cisco Systems, Inc. $CSCO

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Cisco Systems, purchasing 147,098 shares valued at approximately $9.27 million, making it the firm's 29th largest investment.
• Cisco Systems recently reported $0.99 EPS for the quarter, slightly exceeding analysts' expectations, and achieved year-over-year revenue growth of 7.6%.
• The company has announced a quarterly dividend of $0.41 per share, which will be paid on October 22, representing an annual yield of 2.4%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 147,098 shares of the network equipment provider's stock, valued at approximately $9,273,000. Cisco Systems comprises 0.5% of AG2R LA Mondiale Gestion D Actifs' investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in Cisco Systems during the fourth quarter worth approximately $26,000. JDM Financial Group LLC boosted its position in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after acquiring an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter worth approximately $31,000. Finally, Fairway Wealth LLC boosted its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Barclays lifted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Wells Fargo & Company lifted their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Bank of America lifted their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. One research 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 stock. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's 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 sale, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,099 shares of company stock valued at $5,851,765 in the last three months. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

CSCO opened at $67.69 on Friday. Cisco Systems, Inc. has a twelve month low of $48.86 and a twelve month high of $72.55. The stock has a market cap of $267.59 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The business's 50 day moving average is $68.30 and its 200-day moving average is $63.98. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the firm earned $0.87 EPS. Cisco Systems's revenue was up 7.6% on a year-over-year basis. 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, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

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. 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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