Sarasin & Partners LLP Buys 45,681 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Sarasin & Partners LLP increased its stake in Cisco Systems, acquiring an additional 45,681 shares, bringing its total holdings to 1,804,630 shares valued at approximately $125 million.
• Cisco Systems reported a quarterly EPS of $0.99, slightly beating analysts' expectations, and showed a 7.6% revenue increase year-over-year with revenues of $14.67 billion.
• The company recently declared a quarterly dividend of $0.41 per share, with a record date of October 3rd, 2023, representing a 2.5% dividend yield.

Sarasin & Partners LLP raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,804,630 shares of the network equipment provider's stock after acquiring an additional 45,681 shares during the quarter. Sarasin & Partners LLP's holdings in Cisco Systems were worth $125,205,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CSCO. Ashton Thomas Securities LLC boosted its stake in Cisco Systems by 2.9% in the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock valued at $349,000 after acquiring an additional 159 shares in the last quarter. Central Valley Advisors LLC boosted its stake in Cisco Systems by 2.6% in the second quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider's stock valued at $437,000 after acquiring an additional 159 shares in the last quarter. Boltwood Capital Management boosted its position in shares of Cisco Systems by 1.4% in the 2nd quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider's stock worth $804,000 after purchasing an additional 160 shares in the last quarter. Sapient Capital LLC boosted its position in shares of Cisco Systems by 0.6% in the 2nd quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider's stock worth $1,732,000 after purchasing an additional 160 shares in the last quarter. Finally, Greenline Partners LLC boosted its position in shares of Cisco Systems by 0.5% in the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock worth $2,010,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 0.1%

CSCO stock opened at $66.93 on Wednesday. The company has a market cap of $264.59 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.82 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $50.27 and a 12 month high of $72.55. The firm has a 50-day moving average of $68.17 and a two-hundred day moving average of $64.04.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Cisco Systems's quarterly revenue 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. As a group, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared 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 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CSCO. UBS Group raised their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Bank of America lifted their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Piper Sandler lifted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Buying and Selling at Cisco Systems

In related news, SVP Maria Victoria Wong sold 3,162 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares in the company, valued at approximately $2,117,167.04. This trade represents a 9.13% 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 link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,439 shares of company stock worth $4,369,104. 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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