Cisco Systems, Inc. $CSCO Holdings Trimmed by DnB Asset Management AS

Key Points

• DnB Asset Management AS reduced its stake in Cisco Systems by 60.6%, selling over 1.2 million shares, resulting in holdings worth approximately $51 million.
• Cisco Systems recently reported a quarterly earnings of $0.99 per share, exceeding analyst expectations, with a revenue of $14.67 billion, marking a 7.6% year-over-year increase.
• The company has announced a quarterly dividend of $0.41, representing an annual yield of 2.4%, with the ex-dividend date set for October 3rd.

DnB Asset Management AS cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 60.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,820 shares of the network equipment provider's stock after selling 1,276,308 shares during the period. DnB Asset Management AS's holdings in Cisco Systems were worth $51,208,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC grew its holdings in Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after acquiring an additional 159 shares in the last quarter. Legacy Financial Group Inc. grew its holdings in Cisco Systems by 3.4% during the 4th quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after acquiring an additional 169 shares in the last quarter. Avalon Trust Co grew its holdings in Cisco Systems by 5.4% during the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after acquiring an additional 177 shares in the last quarter. Rossmore Private Capital raised its holdings in shares of Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after purchasing an additional 181 shares during the period. Finally, GSG Advisors LLC raised its holdings in shares of Cisco Systems by 4.8% during the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock worth $234,000 after purchasing an additional 183 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,162 shares of Cisco Systems stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the sale, the senior vice president directly owned 31,468 shares in the company, valued at $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CSCO. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. HSBC restated a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. Finally, Evercore ISI raised their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded down $1.09 during trading on Friday, hitting $66.90. 21,048,179 shares of the stock were exchanged, compared to its average volume of 20,822,246. The stock's fifty day moving average is $68.44 and its 200 day moving average is $63.88. The stock has a market cap of $264.47 billion, a PE ratio of 25.53, a P/E/G ratio of 2.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems Profile

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.