Credit Agricole S A Trims Stock Position in Cisco Systems, Inc. $CSCO

Key Points

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Credit Agricole S A lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 68.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,603,114 shares of the network equipment provider's stock after selling 3,464,949 shares during the period. Credit Agricole S A's holdings in Cisco Systems were worth $98,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Cisco Systems by 2.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 452,199 shares of the network equipment provider's stock valued at $27,872,000 after buying an additional 9,858 shares during the last quarter. Groupama Asset Managment raised its position in shares of Cisco Systems by 15.0% during the first quarter. Groupama Asset Managment now owns 187,508 shares of the network equipment provider's stock valued at $11,412,000 after buying an additional 24,460 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Cisco Systems by 0.6% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 880,649 shares of the network equipment provider's stock valued at $54,345,000 after buying an additional 5,631 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in shares of Cisco Systems by 1.8% in the first quarter. Berkshire Asset Management LLC PA now owns 889,741 shares of the network equipment provider's stock worth $53,126,000 after purchasing an additional 15,915 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Cisco Systems by 60.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,832,968 shares of the network equipment provider's stock worth $113,112,000 after buying an additional 690,073 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.30 during mid-day trading on Friday, hitting $67.32. The stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,457,022. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The company has a 50 day moving average of $68.20 and a two-hundred day moving average of $63.55. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The firm has a market cap of $266.59 billion, a PE ratio of 25.69, a PEG ratio of 2.85 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,118 shares of company stock worth $8,847,167 in the last three months. 0.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. New Street Research reiterated a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a research report on Friday, May 16th. CICC Research assumed coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. KeyCorp assumed coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. Morgan Stanley upped their target price on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Citigroup increased their price objective on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $74.53.

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.