Candriam S.C.A. Purchases 363,683 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Candriam S.C.A. increased its stake in Cisco Systems by 51.5%, acquiring an additional 363,683 shares during the first quarter, bringing its total holdings to over 1 million shares worth approximately $66 million.
• Cisco reported quarterly earnings of $0.99 per share, beating analysts' estimates and reflecting a 7.6% year-over-year revenue growth to $14.67 billion.
• The firm has declared a quarterly dividend of $0.41, set to be paid on October 22nd, with a current dividend yield of 2.5%.

Candriam S.C.A. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 51.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,069,788 shares of the network equipment provider's stock after acquiring an additional 363,683 shares during the period. Candriam S.C.A.'s holdings in Cisco Systems were worth $66,017,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Navigoe LLC bought a new position in Cisco Systems during the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $26,000. JDM Financial Group LLC increased its holdings in shares of Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the 1st quarter worth $31,000. Finally, Fairway Wealth LLC grew its holdings 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 valued at $36,000 after buying an additional 400 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Down 0.3%

CSCO opened at $66.76 on Wednesday. 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 company's 50-day moving average is $68.04 and its 200 day moving average is $63.44. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The firm has a market capitalization of $264.37 billion, a P/E ratio of 25.48, a PEG ratio of 2.87 and a beta of 0.91.

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

Cisco Systems Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. Cisco Systems's payout ratio is 62.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CSCO shares. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Piper Sandler increased 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. Bank of America upped their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective for the company. One investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction that occurred 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 sale, 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 at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,607 shares of company stock valued at $8,345,132. Corporate insiders own 0.01% of the company's stock.

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.

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