Mirova Acquires 20,732 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Mirova increased its stake in Cisco Systems, Inc. by 106% in the 1st quarter, holding 40,286 shares valued at approximately $2.5 million.
• Analysts have raised price targets for Cisco, with Bank of America increasing its target from $76 to $85, and a consensus price target now standing at $74.53.
• Cisco recently announced a quarterly dividend of $0.41 per share, reflecting a 2.4% yield, which will be paid on October 22nd.

Mirova boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 106.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,286 shares of the network equipment provider's stock after purchasing an additional 20,732 shares during the period. Mirova's holdings in Cisco Systems were worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares during the period. Nuveen LLC acquired a new position in Cisco Systems during the first quarter worth about $750,495,000. Pacer Advisors Inc. lifted its holdings in shares of Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after purchasing an additional 7,468,212 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Cisco Systems in the fourth quarter valued at approximately $413,491,000. Finally, GAMMA Investing LLC increased its stake in shares of Cisco Systems by 7,096.5% during the 1st quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CSCO. UBS Group upped their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. William Blair raised Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. HSBC reiterated a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. Finally, Wolfe Research initiated coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded up $1.25 during trading hours on Tuesday, hitting $68.39. The stock had a trading volume of 28,302,545 shares, compared to its average volume of 22,277,354. The stock's fifty day simple moving average is $68.23 and its 200 day simple moving average is $63.60. The firm has a market capitalization of $270.82 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.84 and a beta of 0.91. 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 1-year low of $47.85 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm 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. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business'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 sale, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems 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 completion of the transaction, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,118 shares of company stock worth $8,847,167. Company 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.