ASR Vermogensbeheer N.V. Sells 97,939 Shares of Cisco Systems, Inc. $CSCO

Key Points

• ASR Vermogensbeheer N.V. has sold 97,939 shares of Cisco Systems, reducing its stake by 18.4%, leaving ownership of 434,673 shares valued at approximately $30.15 million.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, beating estimates by $0.01, with revenue of $14.67 billion, representing a 7.6% year-over-year increase.
• The company declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.4%, to be paid on October 22nd.

ASR Vermogensbeheer N.V. cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 434,673 shares of the network equipment provider's stock after selling 97,939 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Cisco Systems were worth $30,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Postrock Partners LLC increased its stake in shares of Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after buying an additional 150 shares during the period. Pacifica Partners Inc. increased its position in Cisco Systems by 0.5% during the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after purchasing an additional 155 shares during the period. Pacific Sage Partners LLC increased its position in Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after purchasing an additional 156 shares during the period. Childress Capital Advisors LLC increased its position in Cisco Systems by 0.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock valued at $1,305,000 after purchasing an additional 157 shares during the period. Finally, Ashton Thomas Securities LLC increased its position in Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock valued at $349,000 after purchasing an additional 159 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $68.75 on Thursday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company's 50-day moving average is $68.12 and its 200 day moving average is $64.46. The company has a market capitalization of $271.78 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $0.87 EPS. Cisco Systems's revenue for the quarter 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. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSCO shares. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Rosenblatt Securities reissued a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. HSBC reissued a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Finally, Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. One 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, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity

In other news, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president owned 30,619 shares of the company's stock, valued at $2,089,746.75. This trade represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by corporate insiders.

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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