Baader Bank Aktiengesellschaft Lowers Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Baader Bank Aktiengesellschaft reduced its position in Cisco Systems by 34.5% during the 2nd quarter, now holding 10,760 shares valued at approximately $745,000.
• Goldman Sachs increased its holdings in Cisco by 37.4% in the 1st quarter, now owning nearly 46.97 million shares worth about $2.9 billion.
• Cisco recently announced a quarterly dividend of $0.41 per share, with an upcoming payment date on October 22nd, reflecting an annual yield of 2.4%.

Baader Bank Aktiengesellschaft lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 34.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,760 shares of the network equipment provider's stock after selling 5,662 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Cisco Systems were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CSCO. Kornitzer Capital Management Inc. KS lifted its position in Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock valued at $55,049,000 after buying an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after buying an additional 612 shares during the last quarter. Acadian Asset Management LLC lifted its position in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after buying an additional 5,622,672 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after buying an additional 904,548 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after buying an additional 2,839 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 1.1%

Shares of CSCO stock traded down $0.75 during trading hours on Monday, reaching $67.47. 4,702,199 shares of the stock were exchanged, compared to its average volume of 21,079,256. The business's fifty day moving average is $68.14 and its two-hundred day moving average is $64.14. 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 12-month low of $51.89 and a 12-month high of $72.55. The firm has a market capitalization of $266.70 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share 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 firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business's quarterly revenue 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. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS 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. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Analyst Ratings Changes

A number of research firms have commented on CSCO. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. CICC Research began coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 price target on the stock. Barclays increased their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred 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 in the company, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock valued at $4,369,104 over the last three months. 0.01% of the stock is currently owned by insiders.

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.