Swedbank AB Boosts Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Swedbank AB increased its stake in Cisco Systems by 7.0%, now holding approximately 7.5 million shares valued at about $465 million.
• Cisco's quarterly earnings exceeded expectations, reporting $0.99 EPS, surpassing the projected $0.98.
• The company announced a $0.41 quarterly dividend, setting an annual dividend yield of 2.4% with a payout ratio of 62.60%.

Swedbank AB increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,541,877 shares of the network equipment provider's stock after purchasing an additional 494,160 shares during the quarter. Swedbank AB owned approximately 0.19% of Cisco Systems worth $465,409,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CSCO. Voya Investment Management LLC boosted its stake in Cisco Systems by 39.0% during the first quarter. Voya Investment Management LLC now owns 8,422,911 shares of the network equipment provider's stock worth $519,778,000 after buying an additional 2,365,389 shares during the last quarter. Howe & Rusling Inc. boosted its position in shares of Cisco Systems by 7.3% in the 1st quarter. Howe & Rusling Inc. now owns 18,820 shares of the network equipment provider's stock valued at $1,161,000 after purchasing an additional 1,273 shares during the period. Compass Financial Services Inc lifted its position in Cisco Systems by 298.3% during the 1st quarter. Compass Financial Services Inc now owns 709 shares of the network equipment provider's stock worth $44,000 after acquiring an additional 531 shares during the period. Birchbrook Inc. lifted its holdings in shares of Cisco Systems by 6.3% in the 1st quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock valued at $183,000 after buying an additional 176 shares during the period. Finally, Asset Planning Services Inc. LA ADV increased its stake in Cisco Systems by 0.3% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 108,752 shares of the network equipment provider's stock valued at $6,711,000 after purchasing an additional 300 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of CSCO stock opened at $67.69 on Friday. Cisco Systems, Inc. has a 52-week low of $48.86 and a 52-week high of $72.55. The stock has a market cap of $267.59 billion, a PE ratio of 25.84, a PEG ratio of 2.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm's 50 day moving average price is $68.30 and its two-hundred day moving average price is $63.98.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping 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 business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the business posted $0.87 earnings per share. The firm'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 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CSCO. Citigroup raised their price target 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 target price on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Morgan Stanley boosted their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. UBS Group boosted their price objective on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One investment 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's stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Insider Activity at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares in the company, valued at approximately $11,447,806.26. The trade was a 4.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,099 shares of company stock valued at $5,851,765 in the last quarter. 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.

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