Cisco Systems, Inc. $CSCO Shares Sold by Pensionfund Sabic

Key Points

• Pensionfund Sabic reduced its stake in Cisco Systems by 11.7% during the first quarter, now holding 49,000 shares worth approximately $3.02 million.
• Cisco Systems reported earnings per share (EPS) of $0.99, beating estimates of $0.98, with revenue reaching $14.67 billion, a 7.6% increase year-over-year.
• Wall Street analysts currently give Cisco a consensus rating of "Moderate Buy", with a target price averaging around $74.53.

Pensionfund Sabic lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,000 shares of the network equipment provider's stock after selling 6,500 shares during the period. Cisco Systems makes up 0.9% of Pensionfund Sabic's investment portfolio, making the stock its 26th largest position. Pensionfund Sabic's holdings in Cisco Systems were worth $3,024,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $26,000. JDM Financial Group LLC lifted its stake in shares of Cisco Systems by 160.4% in the 4th 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 during the last quarter. Pandora Wealth Inc. acquired a new position in Cisco Systems during the 1st quarter worth about $31,000. Nova Wealth Management Inc. acquired a new position in Cisco Systems during the 1st quarter worth about $31,000. Finally, Fairway Wealth LLC lifted its stake in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CSCO shares. Wolfe Research started coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. William Blair raised Cisco Systems to a "hold" rating in a research note 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. New Street Research reissued a "neutral" rating and set a $70.00 target price on shares of Cisco Systems in a research note on Friday, May 16th. Finally, Piper Sandler increased their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

CSCO stock opened at $66.53 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market capitalization of $263.01 billion, a P/E ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. The business's 50-day moving average is $68.24 and its two-hundred day moving average is $64.00. Cisco Systems, Inc. has a 1 year low of $49.67 and a 1 year high of $72.55.

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

Cisco Systems Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio is presently 62.60%.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the transaction, the executive vice president owned 174,669 shares in the company, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,099 shares of company stock worth $5,851,765. 0.01% of the stock is currently owned by company insiders.

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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