Mirae Asset Global Investments Co. Ltd. Has $207.07 Million Stake in Cisco Systems, Inc. $CSCO

Key Points

• Mirae Asset Global Investments increased its stake in Cisco Systems by 8.5% in Q2, owning approximately $207.07 million worth and making it the 17th largest position in its portfolio.
• Several brokerages have recently issued ratings for Cisco, with KeyCorp giving it an "overweight" rating and a target price of $77, while Rosenblatt Securities maintained a "buy" rating with a target of $87.
• Cisco announced a quarterly dividend of $0.41 per share, reflecting an annual yield of 2.4%, with the ex-dividend date set for October 3rd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984,602 shares of the network equipment provider's stock after purchasing an additional 232,930 shares during the period. Cisco Systems accounts for 0.7% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 17th largest position. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Cisco Systems worth $207,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Brown Shipley& Co Ltd bought a new stake in shares of Cisco Systems during the second quarter worth $32,000. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the 1st quarter worth about $31,000. Fairway Wealth LLC lifted its position in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Accent Capital Management LLC bought a new position in shares of Cisco Systems in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSCO. Wolfe Research initiated coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Rosenblatt Securities restated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Piper Sandler raised their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One investment 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. According to MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

Shares of CSCO opened at $68.31 on Friday. The firm has a market cap of $270.04 billion, a P/E ratio of 26.07, a PEG ratio of 2.89 and a beta of 0.97. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm's 50 day moving average price is $68.12 and its two-hundred day moving average price is $64.51.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $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. On average, analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors 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 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%.

Insider Transactions at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

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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