Cisco Systems, Inc. $CSCO Shares Acquired by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG more than doubled its Cisco position in the third quarter, acquiring 85,600 additional shares for a total of 157,600 shares valued at approximately $17.0 million.
• Institutional investors own 73.33% of Cisco’s outstanding stock, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $128.52.
• Cisco reported quarterly revenue of $17.25 billion and EPS of $1.22, beating estimates, while revenue grew 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.6% yield.

Robeco Schweiz AG increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 118.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,600 shares of the network equipment provider's stock after acquiring an additional 85,600 shares during the quarter. Robeco Schweiz AG's holdings in Cisco Systems were worth $16,962,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSCO. BlackRock Inc. purchased a new stake in Cisco Systems during the 2nd quarter worth approximately $42,129,647,000. State Street Corp raised its position in shares of Cisco Systems by 7.0% in the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock valued at $25,278,492,000 after purchasing an additional 13,512,872 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Cisco Systems in the 2nd quarter valued at approximately $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cisco Systems by 2.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider's stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $4,714,574,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Sunday, October 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cisco Systems in a report on Wednesday, August 26th. Truist Financial increased their price objective on shares of Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Barclays boosted their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.52.

Insider Buying and Selling

In other news, EVP Deborah Stahlkopf sold 6,487 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the transaction, the executive vice president directly owned 167,116 shares in the company, valued at approximately $18,638,447.48. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of Cisco Systems stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the transaction, the executive vice president directly owned 128,382 shares of the company's stock, valued at $14,310,741.54. This trade represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 44,869 shares of company stock worth $5,005,620. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

CSCO stock opened at $106.50 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The firm has a market cap of $419.89 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.22 and a beta of 0.99. Cisco Systems, Inc. has a 12-month low of $70.06 and a 12-month high of $130.37. The stock's 50 day simple moving average is $110.18 and its 200 day simple moving average is $109.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, equities research analysts predict that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems's dividend payout ratio is 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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