Cisco Systems, Inc. $CSCO Stock Holdings Lowered by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,307,568 shares of the network equipment provider's stock after selling 254,569 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Cisco Systems worth $388,508,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. purchased a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $6,442,000. World Investment Advisors grew its position in Cisco Systems by 15.4% during the 4th quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock worth $13,905,000 after purchasing an additional 26,455 shares in the last quarter. WCG Wealth Advisors LLC grew its position in Cisco Systems by 101.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider's stock worth $8,266,000 after purchasing an additional 54,141 shares in the last quarter. Vise Technologies Inc. raised its stake in Cisco Systems by 47.1% during the 4th quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider's stock valued at $15,432,000 after purchasing an additional 64,144 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new stake in Cisco Systems during the 2nd quarter valued at $19,114,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Down 0.7%

Shares of NASDAQ:CSCO opened at $110.23 on Tuesday. The firm has a fifty day moving average of $115.82 and a two-hundred day moving average of $100.56. The firm has a market capitalization of $434.46 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. Cisco Systems, Inc. has a 12-month low of $66.13 and a 12-month high of $130.37. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same period in the prior year, the business posted $0.99 earnings per share. Cisco Systems's revenue for the quarter was up 17.6% compared to the same quarter last year. 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, equities analysts expect that Cisco Systems, Inc. will post 4.51 EPS 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 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems's dividend payout ratio is presently 50.30%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HSBC cut Cisco Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. New Street Research upped their price target on Cisco Systems from $82.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Wall Street Zen raised Cisco Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. BNP Paribas Exane raised their price objective on Cisco Systems from $87.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 14th. Finally, Citic Securities lifted their target price on Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $129.43.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 21,628 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer owned 602,710 shares of the company's stock, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the transaction, the insider owned 230,593 shares in the company, valued at $25,727,261.01. This represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 53,611 shares of company stock worth $6,066,680. Insiders own 0.01% of the company's stock.

About Cisco Systems

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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