MetLife Investment Management LLC Lowers Holdings in Cisco Systems, Inc. $CSCO

Key Points

• MetLife Investment Management LLC reduced its ownership in Cisco Systems by 1.9% during the first quarter, bringing its total shares to 1,034,628 valued at approximately $63.8 million.
• Various hedge funds, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their stakes in Cisco Systems recently, indicating strong institutional interest in the stock.
• Cisco Systems reported better-than-expected earnings with $0.99 EPS for the latest quarter, surpassing analyst estimates, and announced a quarterly dividend of $0.41 per share with a payout ratio of 62.60%.

MetLife Investment Management LLC decreased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034,628 shares of the network equipment provider's stock after selling 20,515 shares during the quarter. MetLife Investment Management LLC's holdings in Cisco Systems were worth $63,847,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after buying an additional 1,865,648 shares during the last quarter. Northern Trust Corp boosted its position in Cisco Systems by 11.4% during the fourth quarter. Northern Trust Corp now owns 47,238,258 shares of the network equipment provider's stock worth $2,796,505,000 after purchasing an additional 4,832,813 shares in the last quarter. Invesco Ltd. boosted its position in Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares in the last quarter. 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cisco Systems by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock worth $2,159,099,000 after purchasing an additional 2,637,006 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $67.32 on Friday. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market cap of $266.59 billion, a PE ratio of 25.69, a P/E/G ratio of 2.87 and a beta of 0.91. The stock has a 50 day moving average price of $68.20 and a 200 day moving average price of $63.56.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 analysts' expectations of $14.63 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business's revenue for the quarter 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. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Wolfe Research began coverage on Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Finally, CICC Research began coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction on Friday, August 15th. The stock was 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 $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value 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. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,118 shares of company stock valued at $8,847,167 over the last 90 days. 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.

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