MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cisco Systems, Inc. by 4.9%, holding nearly 4.9 million shares valued at approximately $302 million, making it the 23rd largest position in their portfolio.
• Cisco reported earnings of $0.99 per share for the latest quarter, exceeding analyst expectations, and had revenues totaling $14.67 billion, up by 7.6% compared to the previous year.
• The company announced a quarterly dividend of $0.41 per share, reflecting an annualized yield of 2.4%, set to be paid on October 22nd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,895,068 shares of the network equipment provider's stock after buying an additional 227,989 shares during the quarter. Cisco Systems makes up approximately 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s portfolio, making the stock its 23rd biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.12% of Cisco Systems worth $302,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSCO. Vanguard Group Inc. raised its position in shares of Cisco Systems by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after buying an additional 1,865,648 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Cisco Systems by 37.4% in 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 buying an additional 12,775,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Cisco Systems by 7.8% in 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 buying an additional 2,637,006 shares during the period. Finally, Amundi boosted its position in Cisco Systems by 11.0% during the 1st quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock valued at $1,679,312,000 after buying an additional 2,898,391 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Trading Up 0.5%

NASDAQ:CSCO opened at $67.99 on Friday. The company's 50 day moving average price is $68.47 and its 200-day moving average price is $63.87. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $269.24 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.87 and a beta of 0.99.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the business posted $0.87 EPS. The company'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. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSCO. Piper Sandler upped their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" 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 issued an "outperform" rating and a $78.00 target price for the company. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. New Street Research restated a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. Finally, Barclays raised their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the firm's 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 completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm'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 value of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,311 shares of company stock worth $5,916,823 over the last three months. 0.01% of the stock is owned by company insiders.

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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