Erste Asset Management GmbH Acquires 215,352 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Erste Asset Management GmbH increased its stake in Cisco Systems by 25.1% during the first quarter, owning 1,074,870 shares valued at approximately $66.33 million, making it the 29th largest holding for the asset manager.
• Cisco reported $0.99 EPS for the quarter, surpassing consensus estimates of $0.98, with a year-over-year revenue growth of 7.6% to $14.67 billion.
• The company plans to distribute a quarterly dividend of $0.41 per share on October 22nd, which gives an annualized yield of 2.5% and a payout ratio of 62.60%.

Erste Asset Management GmbH increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,074,870 shares of the network equipment provider's stock after buying an additional 215,352 shares during the period. Cisco Systems accounts for approximately 0.8% of Erste Asset Management GmbH's holdings, making the stock its 29th biggest holding. Erste Asset Management GmbH's holdings in Cisco Systems were worth $66,330,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CSCO. Goldman Sachs Group Inc. increased its stake in shares of Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares during the last quarter. Nuveen LLC acquired a new stake in Cisco Systems during the 1st quarter valued at $750,495,000. Pacer Advisors Inc. increased its position in Cisco Systems by 1,144.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after buying an additional 7,468,212 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Cisco Systems in the fourth quarter worth $413,491,000. Finally, GAMMA Investing LLC increased its position in shares of Cisco Systems by 7,096.5% in the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $66.76 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The business has a 50 day simple moving average of $68.04 and a 200-day simple moving average of $63.44. Cisco Systems, Inc. has a 1 year low of $47.85 and a 1 year high of $72.55. The firm has a market capitalization of $264.37 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.87 and a beta of 0.91.

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

Cisco Systems Dividend Announcement

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

Insider Buying and Selling at Cisco Systems

In related news, EVP Oliver Tuszik sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total value of $952,950.00. Following the completion of the sale, the executive vice president owned 131,676 shares of the company's stock, valued at approximately $8,365,376.28. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction on 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 completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,607 shares of company stock valued at $8,345,132. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Piper Sandler upped their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Citigroup upped their price target on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. Finally, Evercore ISI increased their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus 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.

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