KLP Kapitalforvaltning AS Buys 65,400 Shares of Cisco Systems, Inc. $CSCO

Key Points

• KLP Kapitalforvaltning AS increased its stake in Cisco Systems, Inc. by 3.7%, acquiring 65,400 additional shares, bringing its total ownership to approximately 1.85 million shares valued at $128.6 million.
• Recent analyst reports have been positive, with Piper Sandler and Wells Fargo raising their target prices on Cisco shares, indicating a consensus rating of "Moderate Buy" with an average target price of $74.53.
• The CEO of Cisco, Charles Robbins, sold over 30,000 shares, representing a 4.56% decrease in his ownership, while insiders have sold a total of nearly $5.6 million worth of shares over the last 90 days.

KLP Kapitalforvaltning AS grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,854,115 shares of the network equipment provider's stock after purchasing an additional 65,400 shares during the quarter. Cisco Systems makes up approximately 0.6% of KLP Kapitalforvaltning AS's investment portfolio, making the stock its 26th largest holding. KLP Kapitalforvaltning AS's holdings in Cisco Systems were worth $128,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kornitzer Capital Management Inc. KS lifted its position in Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after purchasing an additional 612 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after buying an additional 904,548 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its position in Cisco Systems by 1.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider's stock worth $3,813,000 after buying an additional 535 shares during the period. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. CICC Research assumed coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, Evercore ISI boosted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $68.91 on Tuesday. The firm's 50 day simple moving average is $68.12 and its 200 day simple moving average is $64.68. The firm has a market capitalization of $272.42 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.85 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 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, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. 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 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Cisco Systems Company 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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