Cisco Systems, Inc. $CSCO Shares Bought by Amundi

Key Points

• Amundi increased its stake in Cisco Systems by 11% during the first quarter, purchasing an additional 2,898,391 shares, bringing its total holdings to approximately 29,170,847 shares valued at $1.68 billion.
• Cisco recently reported quarterly earnings of $0.99 per share, exceeding analysts' expectations, with a 7.6% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.4%, set to be paid on October 22nd.

Amundi boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,170,847 shares of the network equipment provider's stock after buying an additional 2,898,391 shares during the period. Cisco Systems makes up about 0.6% of Amundi's investment portfolio, making the stock its 22nd largest position. Amundi owned 0.73% of Cisco Systems worth $1,679,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after buying an additional 1,865,648 shares during the period. Invesco Ltd. raised its holdings in Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the period. Goldman Sachs Group Inc. raised its holdings in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cisco Systems by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock valued at $2,159,099,000 after buying an additional 2,637,006 shares during the period. Finally, Deutsche Bank AG raised its holdings in Cisco Systems by 2.3% in the first quarter. Deutsche Bank AG now owns 15,986,020 shares of the network equipment provider's stock valued at $986,497,000 after buying an additional 353,377 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CSCO shares. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Citigroup lifted their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Evercore ISI lifted their price objective 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. Finally, KeyCorp began coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Down 1.6%

Shares of NASDAQ:CSCO traded down $1.09 during midday trading on Friday, reaching $66.90. The company had a trading volume of 21,048,179 shares, compared to its average volume of 20,822,246. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The stock's fifty day moving average price is $68.44 and its 200-day moving average price is $63.88. The stock has a market capitalization of $264.47 billion, a P/E ratio of 25.53, a PEG ratio of 2.83 and a beta of 0.99. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, 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 $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is owned by insiders.

Cisco Systems 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.