Sumitomo Mitsui Trust Group Inc. Sells 357,147 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Sumitomo Mitsui Trust Group Inc. reduced its stake in Cisco Systems, Inc. by 3.2%, selling 357,147 shares and now holding 10,956,231 shares valued at approximately $760 million.
• Securities firms such as Goldman Sachs and Pacer Advisors significantly increased their positions in Cisco, with Goldman Sachs boosting its stake by 37.4% in the first quarter.
• Cisco recently announced a quarterly dividend of $0.41 per share, with a yield of 2.3%, and set upcoming earnings guidance for fiscal year 2026 at $4.00-$4.06 EPS.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,956,231 shares of the network equipment provider's stock after selling 357,147 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Cisco Systems worth $760,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Kingstone Capital Partners Texas LLC bought a new stake in shares of Cisco Systems during the 2nd quarter valued at $904,542,000. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Nuveen LLC acquired a new position in shares of Cisco Systems during the 1st quarter worth about $750,495,000. Pacer Advisors Inc. boosted its stake in shares of Cisco Systems by 1,144.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after buying an additional 7,468,212 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after buying an additional 5,622,672 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares of the company's stock, valued at $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Trading Up 0.3%

CSCO opened at $70.46 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $68.21 and a two-hundred day moving average price of $65.49. The company has a market cap of $278.56 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its 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 company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. 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 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. Analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems's payout ratio is 62.60%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSCO shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. KeyCorp initiated coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. Finally, Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $74.72.

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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