Lansforsakringar Fondforvaltning AB publ Sells 40,089 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its holdings in Cisco Systems by 3.0%, selling 40,089 shares, which now leaves them with 1,287,427 shares valued at approximately $79.4 million.
• Analysts have recently upgraded their ratings on Cisco Systems, with Deutsche Bank moving to a "buy" rating and a new target price of $73.00, while the consensus target price across analysts stands at $74.53.
• Cisco Systems has announced a quarterly dividend of $0.41, payable on October 22, which represents an annualized yield of 2.4%.

Lansforsakringar Fondforvaltning AB publ decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,287,427 shares of the network equipment provider's stock after selling 40,089 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Cisco Systems were worth $79,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Navigoe LLC bought a new position in Cisco Systems during the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems during the fourth quarter worth about $26,000. JDM Financial Group LLC grew its holdings in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares during the period. Pandora Wealth Inc. bought a new position in Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC grew its holdings in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the period. Institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSCO. William Blair upgraded Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. 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. KeyCorp began coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded down $0.34 during midday trading on Friday, reaching $69.09. The company's stock had a trading volume of 14,952,208 shares, compared to its average volume of 22,683,924. 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 fifty-two week low of $47.85 and a fifty-two week high of $72.55. The business's 50 day moving average price is $68.47 and its two-hundred day moving average price is $63.76. The company has a market cap of $273.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.94 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 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 company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm's quarterly 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. On average, analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Insider Buying and Selling

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems 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 $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,095 shares of company stock valued at $7,841,167 in the last quarter. Corporate insiders own 0.01% of the company's stock.

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.