Avanza Fonder AB Has $25.50 Million Stake in Cisco Systems, Inc. $CSCO

Key Points

• Avanza Fonder AB has reduced its holdings in Cisco Systems, Inc. by 1.7%, now owning 367,504 shares valued at approximately $25.5 million.
• Analyst ratings for Cisco have varied, with HSBC Global Research downgrading the stock from a "strong-buy" to a "hold" rating, while Evercore ISI and Piper Sandler have increased their target prices.
• Cisco Systems announced a quarterly dividend of $0.41 per share, reflecting an annualized yield of 2.4%, with the ex-dividend date set for October 3rd.

Avanza Fonder AB cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 367,504 shares of the network equipment provider's stock after selling 6,225 shares during the quarter. Cisco Systems comprises approximately 0.8% of Avanza Fonder AB's portfolio, making the stock its 17th biggest holding. Avanza Fonder AB's holdings in Cisco Systems were worth $25,497,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pandora Wealth Inc. purchased a new stake in Cisco Systems during the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the 1st quarter valued at $31,000. Fairway Wealth LLC raised its stake 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 worth $36,000 after buying an additional 400 shares in the last quarter. Accent Capital Management LLC bought a new stake in shares of Cisco Systems in the 1st quarter worth $36,000. Finally, Investment Management Corp VA ADV raised its stake in shares of Cisco Systems by 145.3% in the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after buying an additional 353 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CSCO shares. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Evercore ISI increased their target price on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, HSBC restated a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,439 shares of company stock worth $4,369,104 over the last three months. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO traded down $0.47 during trading hours on Friday, reaching $68.21. 47,786,669 shares of the company's stock were exchanged, compared to its average volume of 17,512,462. The stock has a market cap of $269.65 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $68.14 and a 200-day moving average of $64.14. Cisco Systems, Inc. has a one year low of $51.42 and a one year high of $72.55.

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 analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. 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, equities research analysts predict 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. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 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.