Norinchukin Bank The Increases Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Norinchukin Bank increased its stake in Cisco Systems by 42.1% during Q1, owning a total of 320,657 shares valued at approximately $19.79 million.
• Cisco reported a quarterly EPS of $0.99, slightly exceeding analysts' expectations, with revenue rising 7.6% year-over-year to $14.67 billion.
• The company announced a quarterly dividend of $0.41 per share, representing a 2.4% dividend yield, set to be paid on October 22nd.

Norinchukin Bank The increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 42.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,657 shares of the network equipment provider's stock after purchasing an additional 95,064 shares during the quarter. Norinchukin Bank The's holdings in Cisco Systems were worth $19,788,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Legacy Financial Group Inc. raised its holdings in shares of Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after purchasing an additional 169 shares during the last quarter. Capital Advantage Inc. grew its position in Cisco Systems by 1.0% during the 4th quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock worth $1,028,000 after purchasing an additional 172 shares during the period. Avalon Trust Co lifted its holdings in shares of Cisco Systems by 5.4% in the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after buying an additional 177 shares during the period. Rossmore Private Capital boosted its stake in shares of Cisco Systems by 0.3% in the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after buying an additional 181 shares during the last quarter. Finally, GSG Advisors LLC raised its position in Cisco Systems by 4.8% during the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock valued at $234,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $67.11 on Thursday. The stock has a market capitalization of $265.76 billion, a P/E ratio of 25.61, a PEG ratio of 2.84 and a beta of 0.91. The business has a 50 day simple moving average of $68.09 and a two-hundred day simple moving average of $63.47. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

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

Cisco Systems Dividend Announcement

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 dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Analyst Ratings Changes

CSCO has been the topic of several recent research reports. Citigroup upped their price objective on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. HSBC reissued a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Evercore ISI upped their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Finally, William Blair upgraded Cisco Systems to a "hold" rating in a research 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 assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value 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 approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Oliver Tuszik sold 15,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total value of $952,950.00. Following the transaction, the executive vice president directly owned 131,676 shares in the company, valued at $8,365,376.28. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,118 shares of company stock worth $8,847,167. 0.01% of the stock is owned by company insiders.

Cisco Systems Company 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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