Caisse DE Depot ET Placement DU Quebec Sells 602,277 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Caisse DE Depot ET Placement DU Quebec sold 602,277 shares of Cisco Systems, reducing its holdings by 8.1%, leaving it with approximately 6.88 million shares, representing about 0.9% of its investment portfolio.
• Cisco Systems reported $0.99 EPS for the quarter, exceeding expectations, with revenue of $14.67 billion, a 7.6% increase year-over-year.
• The company announced a quarterly dividend of $0.41 per share, giving it an annual yield of 2.4%, with a payout ratio of 62.60%.

Caisse DE Depot ET Placement DU Quebec trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,876,595 shares of the network equipment provider's stock after selling 602,277 shares during the quarter. Cisco Systems comprises about 0.9% of Caisse DE Depot ET Placement DU Quebec's investment portfolio, making the stock its 22nd largest holding. Caisse DE Depot ET Placement DU Quebec owned approximately 0.17% of Cisco Systems worth $424,355,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Cisco Systems by 0.5% during the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after acquiring an additional 1,865,648 shares during the period. Northern Trust Corp grew its stake in Cisco Systems by 11.4% during the fourth quarter. Northern Trust Corp now owns 47,238,258 shares of the network equipment provider's stock worth $2,796,505,000 after buying an additional 4,832,813 shares in the last quarter. Invesco Ltd. grew its stake in Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after buying an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cisco Systems by 7.8% during 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 worth $2,159,099,000 after buying an additional 2,637,006 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Up 0.4%

CSCO opened at $67.32 on Monday. The company's 50 day moving average is $68.20 and its 200-day moving average is $63.57. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market cap of $266.59 billion, a P/E ratio of 25.69, a PEG ratio of 2.75 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the company earned $0.87 EPS. The firm's 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. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced 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 is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares in the company, valued at approximately $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 135,118 shares of company stock worth $8,847,167 over the last quarter. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSCO. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. UBS Group increased their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wolfe Research began coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.