Cisco Systems, Inc. $CSCO Stock Holdings Lifted by Amundi

Key Points

• Amundi increased its Cisco stake by 1.7% in the second quarter, adding 303,008 shares to hold 18.43 million shares worth approximately $2.17 billion. Institutional investors collectively own 73.33% of Cisco.
• Cisco reported quarterly adjusted earnings of $1.22 per share and revenue of $17.25 billion, exceeding analyst expectations, while revenue rose 17.6% year over year. The company also announced a quarterly dividend of $0.42 per share, yielding about 1.5% annually.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $129.68, although HSBC downgraded the stock to “Hold.” Cisco insiders sold $6.07 million of shares over the past three months.

Amundi increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,432,668 shares of the network equipment provider's stock after buying an additional 303,008 shares during the period. Amundi owned about 0.47% of Cisco Systems worth $2,165,095,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CSCO. Cozad Asset Management Inc. boosted its stake in Cisco Systems by 0.3% in the first quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider's stock valued at $2,033,000 after acquiring an additional 87 shares during the period. Dogwood Wealth Management LLC grew its holdings in shares of Cisco Systems by 3.9% during the second quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider's stock valued at $283,000 after purchasing an additional 90 shares during the last quarter. August Group Capital Ltd raised its position in shares of Cisco Systems by 2.0% during the 2nd quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider's stock worth $555,000 after purchasing an additional 91 shares during the period. Financial Insights Inc. raised its position in shares of Cisco Systems by 1.5% during the 1st quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider's stock worth $483,000 after purchasing an additional 92 shares during the period. Finally, CPA Asset Management Group LLC lifted its holdings in shares of Cisco Systems by 1.8% in the 2nd quarter. CPA Asset Management Group LLC now owns 5,335 shares of the network equipment provider's stock worth $627,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 21,628 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the completion of the transaction, the chief executive officer owned 602,710 shares of the company's stock, valued at $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the transaction, the executive vice president directly owned 165,276 shares in the company, valued at approximately $18,586,938.96. The trade was a 1.64% 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. Insiders sold a total of 53,611 shares of company stock valued at $6,066,680 over the last three months. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

Shares of CSCO opened at $109.20 on Monday. The firm has a market capitalization of $430.53 billion, a PE ratio of 32.69, a P/E/G ratio of 2.28 and a beta of 1.00. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $114.26 and a 200 day moving average price of $102.38. Cisco Systems, Inc. has a 52-week low of $66.13 and a 52-week high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems's revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. 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. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 4.43 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, October 2nd. Cisco Systems's dividend payout ratio is 50.30%.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of recent research reports. UBS Group upped their price objective on Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Evercore raised their target price on Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, May 14th. Truist Financial boosted their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Wells Fargo & Company upped their price target on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Finally, HSBC cut shares of Cisco Systems from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.68.

Cisco Systems Profile

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.

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