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Cisco Systems, Inc. $CSCO Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

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Key Points

  • Munich Reinsurance Co Stock Corp in Munich increased its Cisco stake by 19.2% in the first quarter, buying 126,774 additional shares and bringing its total holding to 785,992 shares valued at about $60.99 million.
  • Cisco has been receiving upbeat analyst and business momentum signals, including raised fiscal 2026 revenue and earnings guidance, and several Wall Street firms lifting price targets. MarketBeat says the stock now has a consensus “Moderate Buy” rating with an average target price of $123.14.
  • Insiders have been selling shares while the company continues to post solid results: CEO Charles Robbins and EVP Thimaya K. Subaiya both sold stock under pre-arranged trading plans. Cisco recently beat quarterly earnings and revenue estimates and also announced a $0.42 quarterly dividend.
  • MarketBeat previews top five stocks to own in August.

Munich Reinsurance Co Stock Corp in Munich raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 19.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 785,992 shares of the network equipment provider's stock after purchasing an additional 126,774 shares during the quarter. Cisco Systems accounts for approximately 1.5% of Munich Reinsurance Co Stock Corp in Munich's portfolio, making the stock its 25th largest position. Munich Reinsurance Co Stock Corp in Munich's holdings in Cisco Systems were worth $60,985,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CSCO. Personal CFO Solutions LLC boosted its position in shares of Cisco Systems by 4.5% during the first quarter. Personal CFO Solutions LLC now owns 19,655 shares of the network equipment provider's stock worth $1,525,000 after buying an additional 847 shares during the period. CFS Investment Advisory Services LLC grew its stake in shares of Cisco Systems by 1.2% in the first quarter. CFS Investment Advisory Services LLC now owns 20,249 shares of the network equipment provider's stock valued at $1,571,000 after buying an additional 238 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Cisco Systems by 12.3% in the 1st quarter. Seelaus Asset Management LLC now owns 15,955 shares of the network equipment provider's stock valued at $1,238,000 after buying an additional 1,750 shares during the period. IAG Wealth Partners LLC lifted its stake in Cisco Systems by 16.0% during the 1st quarter. IAG Wealth Partners LLC now owns 1,292 shares of the network equipment provider's stock worth $100,000 after acquiring an additional 178 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in Cisco Systems by 0.6% during the 1st quarter. Frank Rimerman Advisors LLC now owns 104,353 shares of the network equipment provider's stock worth $8,097,000 after acquiring an additional 593 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

Wall Street Analysts Forecast Growth

CSCO has been the subject of several research reports. HSBC raised Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $77.00 to $137.00 in a research report on Friday, May 15th. Evercore lifted their price objective on shares of Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 14th. Piper Sandler upped their target price on shares of Cisco Systems from $86.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. KeyCorp increased their target price on shares of Cisco Systems from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $95.00 to $96.00 in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $123.14.

Check Out Our Latest Research Report on CSCO

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 7,127 shares of Cisco Systems stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total transaction of $854,598.57. Following the completion of the sale, the executive vice president directly owned 140,857 shares of the company's stock, valued at approximately $16,890,162.87. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,400 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the transaction, the chief executive officer owned 637,085 shares of the company's stock, valued at approximately $76,469,312.55. The trade was a 3.25% decrease in their position. 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 three months, insiders sold 47,650 shares of company stock worth $5,668,823. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

Shares of CSCO opened at $113.82 on Thursday. Cisco Systems, Inc. has a 1 year low of $65.75 and a 1 year high of $130.37. The stock has a market capitalization of $448.61 billion, a PE ratio of 36.95, a PEG ratio of 2.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92. The stock has a 50-day simple moving average of $114.06 and a 200-day simple moving average of $91.59.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.03. The firm had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, July 6th. Cisco Systems's dividend payout ratio (DPR) is presently 54.55%.

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

See Also

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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