Cisco Systems, Inc. $CSCO is Nordea Investment Management AB's 8th Largest Position

Key Points

• Nordea Investment Management AB has increased its stake in Cisco Systems, now holding 21,341,310 shares, which makes up approximately 1.4% of its total holdings and positions Cisco as its 8th largest stock.
• Total institutional ownership of Cisco is significant at 73.33%, with various investors adjusting their positions in the second quarter, reflecting a general confidence in the company's performance.
• Cisco reported $0.99 earnings per share for the quarter, surpassing expectations, while also announcing a quarterly dividend of $0.41 to be paid in October, indicating a solid financial outlook.

Nordea Investment Management AB lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,341,310 shares of the network equipment provider's stock after acquiring an additional 378,494 shares during the period. Cisco Systems makes up about 1.4% of Nordea Investment Management AB's holdings, making the stock its 8th largest holding. Nordea Investment Management AB owned 0.54% of Cisco Systems worth $1,477,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Harbor Asset Planning Inc. bought a new position in shares of Cisco Systems in the second quarter worth $72,000. Hourglass Capital LLC boosted its holdings in shares of Cisco Systems by 7.6% in the second quarter. Hourglass Capital LLC now owns 161,027 shares of the network equipment provider's stock worth $11,172,000 after acquiring an additional 11,340 shares during the period. Evernest Financial Advisors LLC boosted its holdings in shares of Cisco Systems by 8.6% in the second quarter. Evernest Financial Advisors LLC now owns 16,762 shares of the network equipment provider's stock worth $1,163,000 after acquiring an additional 1,323 shares during the period. Omnia Family Wealth LLC boosted its holdings in shares of Cisco Systems by 15.3% in the second quarter. Omnia Family Wealth LLC now owns 6,029 shares of the network equipment provider's stock worth $418,000 after acquiring an additional 801 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of Cisco Systems by 2.2% in the second quarter. New York State Teachers Retirement System now owns 3,298,853 shares of the network equipment provider's stock worth $228,874,000 after acquiring an additional 72,462 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CSCO shares. Piper Sandler raised their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Barclays lifted their price objective on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Finally, William Blair raised Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Trading Down 0.6%

Shares of CSCO stock opened at $69.09 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $68.23 and a two-hundred day moving average price of $65.06. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The firm has a market cap of $273.13 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company'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 analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems 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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