Pictet Asset Management Holding SA Sells 72,887 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Pictet Asset Management Holding SA sold 72,887 shares of Cisco in Q4, trimming its stake by 1.8% to 4,041,796 shares valued at about $311.3 million (≈0.10% ownership).
• Cisco beat quarterly expectations with $1.04 EPS (vs. $1.02) and $15.35 billion in revenue (up 9.7% YoY), and raised its quarterly dividend to $0.42 (annualized $1.68, 1.9% yield).
• Market sentiment is broadly positive after Cisco demonstrated a working prototype of a Universal Quantum Switch, and analysts hold a consensus "Moderate Buy" rating with an average price target of $89.81.

Pictet Asset Management Holding SA decreased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,041,796 shares of the network equipment provider's stock after selling 72,887 shares during the quarter. Pictet Asset Management Holding SA owned about 0.10% of Cisco Systems worth $311,324,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CSCO. Arrowstreet Capital Limited Partnership grew its holdings in shares of Cisco Systems by 110.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,406,442 shares of the network equipment provider's stock worth $1,259,369,000 after purchasing an additional 9,648,265 shares in the last quarter. Wellington Management Group LLP raised its position in Cisco Systems by 19.5% in the 3rd quarter. Wellington Management Group LLP now owns 33,748,414 shares of the network equipment provider's stock valued at $2,309,066,000 after purchasing an additional 5,498,375 shares during the last quarter. Invesco Ltd. boosted its stake in Cisco Systems by 10.5% in the third quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider's stock worth $3,668,182,000 after purchasing an additional 5,081,469 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Cisco Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider's stock worth $30,730,602,000 after purchasing an additional 4,049,893 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Cisco Systems during the 3rd quarter worth about $233,956,000. 73.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CSCO shares. UBS Group increased their price target on shares of Cisco Systems from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 12th. Erste Group Bank cut shares of Cisco Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Cisco Systems in a research report on Thursday, February 12th. Weiss Ratings restated a "buy (b)" rating on shares of Cisco Systems in a research report on Tuesday, January 27th. Finally, Evercore raised shares of Cisco Systems from an "in-line" rating to an "outperform" rating and raised their target price for the company from $80.00 to $100.00 in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Cisco Systems Price Performance

NASDAQ CSCO opened at $89.01 on Monday. The business has a 50 day simple moving average of $80.55 and a 200 day simple moving average of $77.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. Cisco Systems, Inc. has a 52-week low of $56.07 and a 52-week high of $90.45. The stock has a market cap of $351.58 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.35 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The network equipment provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $15.35 billion for the quarter, compared to analysts' expectations of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. Analysts anticipate that Cisco Systems, Inc. will post 3.4 earnings per share for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd were given a $0.42 dividend. This is a boost from Cisco Systems's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 2nd. Cisco Systems's payout ratio is presently 58.95%.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 19,545 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $76.00, for a total value of $1,485,420.00. Following the completion of the transaction, the chief executive officer directly owned 671,095 shares of the company's stock, valued at approximately $51,003,220. This trade represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maria Victoria Wong sold 551 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $77.54, for a total transaction of $42,724.54. Following the completion of the sale, the senior vice president owned 27,957 shares of the company's stock, valued at approximately $2,167,785.78. This represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 46,431 shares of company stock worth $3,574,820. Insiders own 0.01% of the company's stock.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco unveiled a working prototype of a "Universal Quantum Switch" that can route quantum information between different types of quantum systems — a tangible step toward quantum networking that expands Cisco's addressable market beyond traditional routers and switches. Cisco shows switch that can connect quantum computers of different kinds
• Positive Sentiment: The company’s Universal Quantum Switch press release reported proof-of-concept results (under 4% fidelity degradation) and stressed interoperability over standard telecom fiber — a credibility boost for long-term revenue potential in an emerging market. Cisco Introduces Universal Quantum Switch, Advancing the Path to a Quantum Network
• Positive Sentiment: Analysts and trade pieces are positioning Cisco as a beneficiary of the AI-quantum convergence and as a "pick-and-shovel" supplier to AI infrastructure builds — sentiment that supports multiple-year upside if Cisco converts research into commercial products and services. AI Meets Quantum: Best Pick-and-Shovel Stocks for a Multi-Year Shift
• Positive Sentiment: Market commentary ranks Cisco among AI/infra names with multi‑trillion-dollar potential over time, reflecting investor expectations that its transformation into higher‑margin software/subscriptions and AI hardware could materially re-rate valuation. Cisco Systems (CSCO): Can It Hit Trillion Dollar Milestone?
• Neutral Sentiment: Cisco added Qmulos continuous‑compliance products to its Global Price List, easing procurement for joint customers — a modest commercial win that supports software and services momentum but is not material on its own. Qmulos Now Available on Cisco Global Price List (GPL)
• Neutral Sentiment: Reported short‑interest data for April appears inconsistent (shows 0 shares / NaN change) and is not indicating a meaningful short squeeze or cover signal at this time.
• Negative Sentiment: Despite the upbeat product news, Cisco shares pulled back on April 23 (a larger decline than the market), showing that investors still react to near‑term macro/earnings/rotation risk even as the company invests in new growth areas. Cisco Systems (CSCO) Registers a Bigger Fall Than the Market

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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