DNB Asset Management AS Purchases 59,133 Shares of Cisco Systems, Inc. $CSCO

Key Points

• DNB Asset Management AS boosted its Cisco stake by 4.0% in the fourth quarter, buying 59,133 additional shares and bringing its total to 1,534,364 shares valued at about $118.2 million.
• Cisco’s latest quarterly results beat expectations, with EPS of $1.06 and revenue of $15.84 billion, while the company also raised guidance for fiscal 2026 and highlighted strong demand tied to AI infrastructure.
• The stock has drawn broadly positive attention from Wall Street, with several firms lifting price targets; meanwhile, Cisco also announced a quarterly dividend of $0.42 per share, yielding about 1.4% annually.

DNB Asset Management AS increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,534,364 shares of the network equipment provider's stock after acquiring an additional 59,133 shares during the period. DNB Asset Management AS's holdings in Cisco Systems were worth $118,192,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cisco Systems by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider's stock worth $218,236,000 after acquiring an additional 205,043 shares during the period. World Investment Advisors boosted its stake in shares of Cisco Systems by 15.4% in the fourth quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock worth $13,905,000 after acquiring an additional 26,455 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Cisco Systems by 8.9% in the third quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider's stock worth $46,165,000 after acquiring an additional 56,057 shares during the period. Rockland Trust Co. boosted its stake in shares of Cisco Systems by 213.8% in the third quarter. Rockland Trust Co. now owns 20,497 shares of the network equipment provider's stock worth $1,402,000 after acquiring an additional 13,966 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Cisco Systems by 40.0% in the third quarter. Thrivent Financial for Lutherans now owns 3,490,482 shares of the network equipment provider's stock worth $238,818,000 after acquiring an additional 997,738 shares during the period. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the sale, the executive vice president directly owned 188,613 shares in the company, valued at $15,040,000.62. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the sale, the executive vice president owned 187,097 shares in the company, valued at approximately $14,874,211.50. This trade represents a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,587 shares of company stock valued at $1,230,765. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $118.21 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $466.92 billion, a P/E ratio of 38.38, a P/E/G ratio of 4.34 and a beta of 0.92. Cisco Systems, Inc. has a 12 month low of $62.30 and a 12 month high of $119.36. The business's 50-day moving average is $85.41 and its 200 day moving average is $79.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. Cisco Systems's dividend payout ratio is 54.55%.

Key Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco reported stronger-than-expected Q3 earnings and revenue, with EPS of $1.06 topping estimates and sales of $15.84 billion above forecasts. Article title
• Positive Sentiment: The company raised full-year guidance and pointed to roughly $9 billion in fiscal 2026 hyperscaler AI infrastructure orders, reinforcing the view that Cisco is becoming a key AI infrastructure beneficiary. Article title
• Positive Sentiment: Multiple firms raised price targets after the earnings beat, including HSBC, Evercore, Piper Sandler, KeyCorp, Morgan Stanley, UBS, BNP Paribas, Wells Fargo and Citigroup, signaling broad Wall Street optimism. Article title
• Positive Sentiment: Cisco’s CEO said AI will force a “multi-billion dollar infrastructure reset,” which supports the bullish narrative that the company is at the center of a long upgrade cycle. Article title
• Neutral Sentiment: Cisco also announced plans to cut about 4,000 jobs as it reshapes spending toward AI, which may improve efficiency but adds some execution risk. Article title
• Neutral Sentiment: Some commentary warns that the stock’s rapid rally has pushed valuation higher, and options activity shows elevated volatility expectations heading into the next phase. Article title

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSCO. KeyCorp upped their price objective on Cisco Systems from $87.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler upped their price objective on Cisco Systems from $86.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday. Barclays upped their price objective on Cisco Systems from $76.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Thursday. Truist Financial started coverage on Cisco Systems in a research report on Tuesday, March 31st. They issued a "buy" rating and a $94.00 target price on the stock. Finally, Bank of America boosted their target price on Cisco Systems from $95.00 to $114.00 and gave the stock a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.55.

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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