Swedbank AB Increases Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Swedbank AB increased its stake in Cisco Systems by 16.2%, owning approximately 8.76 million shares worth about $608 million as of the last quarter.
• Cisco reported a quarterly earnings per share of $0.99, beating expectations of $0.98, with a revenue of $14.67 billion for the quarter.
• The company announced a quarterly dividend of $0.41 per share, which will be paid on October 22nd, representing a yield of 2.4%.

Swedbank AB boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,763,613 shares of the network equipment provider's stock after acquiring an additional 1,221,736 shares during the quarter. Cisco Systems makes up approximately 0.7% of Swedbank AB's portfolio, making the stock its 27th largest holding. Swedbank AB owned 0.22% of Cisco Systems worth $608,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS grew its holdings in Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock valued at $55,049,000 after purchasing an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after purchasing an additional 612 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Cisco Systems by 2.6% during the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after purchasing an additional 2,839 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 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 $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm'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 transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,439 shares of company stock worth $4,369,104. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.7%

Shares of NASDAQ:CSCO traded down $0.47 during mid-day trading on Friday, hitting $68.21. 47,786,669 shares of the company traded hands, compared to its average volume of 15,962,866. The stock has a 50-day moving average price of $68.14 and a two-hundred day moving average price of $64.13. 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 $51.42 and a 12-month high of $72.55. The stock has a market cap of $269.65 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company 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. On average, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Analysts Set New Price Targets

A number of research firms have weighed in on CSCO. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wells Fargo & Company boosted their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Barclays boosted their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Evercore ISI boosted their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a 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's stock. Based on data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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.