Generali Asset Management SPA SGR Sells 4,945 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Generali Asset Management SPA SGR sold 4,945 shares of Cisco Systems, reducing its holdings by 2.5% to a total of 193,439 shares, valued at approximately $13.4 million.
• A significant increase in institutional investment was noted in Cisco, with Kingstone Capital Partners Texas LLC acquiring over $904 million in new shares and other firms like Goldman Sachs boosting their positions.
• Cisco reported earnings of $0.99 per share for the latest quarter, slightly beating analyst expectations and showing a year-over-year revenue increase of 7.6% to $14.67 billion.

Generali Asset Management SPA SGR trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,439 shares of the network equipment provider's stock after selling 4,945 shares during the quarter. Generali Asset Management SPA SGR's holdings in Cisco Systems were worth $13,421,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Cisco Systems during the 2nd quarter worth approximately $904,542,000. Goldman Sachs Group Inc. boosted its position in Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Nuveen LLC acquired a new position in shares of Cisco Systems in the first quarter valued at $750,495,000. Pacer Advisors Inc. raised its position in shares of Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after purchasing an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after buying an additional 5,622,672 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the 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 sale, the insider owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

Cisco Systems stock opened at $68.66 on Wednesday. The firm has a market cap of $271.43 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock's fifty day moving average price is $68.24 and its two-hundred day moving average price is $64.98. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results 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 return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the company posted $0.87 EPS. The company's revenue 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. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Analysts Set New Price Targets

A number of brokerages recently commented on CSCO. Wells Fargo & Company upped their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Barclays increased their target price on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. upped their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.72.

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.

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