Vontobel Holding Ltd. Has $83.17 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Vontobel Holding Ltd. increased its stake in Cisco Systems by 14.5% in the second quarter, owning over 1.19 million shares valued at approximately $83.17 million.
• Insider CEO Charles Robbins sold 30,557 shares for about $2.04 million, representing a 4.56% decrease in his ownership.
• Cisco Systems reported $0.99 earnings per share for the last quarter, exceeding analyst expectations, and announced a $0.41 quarterly dividend to be paid on October 22nd.

Vontobel Holding Ltd. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,198,707 shares of the network equipment provider's stock after purchasing an additional 152,061 shares during the period. Vontobel Holding Ltd.'s holdings in Cisco Systems were worth $83,166,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CSCO. Kingstone Capital Partners Texas LLC bought a new stake in shares of Cisco Systems in the second quarter valued at approximately $904,542,000. Goldman Sachs Group Inc. boosted its position in shares of Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares during the period. Nuveen LLC bought a new stake in shares of Cisco Systems in the first quarter valued at approximately $750,495,000. Pacer Advisors Inc. boosted its position in shares of Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after acquiring an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Cisco Systems by 255.9% in 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 acquiring an additional 5,622,672 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CSCO has been the subject of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. HSBC reaffirmed a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Up 1.9%

Shares of NASDAQ CSCO opened at $70.33 on Thursday. The stock has a market cap of $278.03 billion, a PE ratio of 26.84, a PEG ratio of 2.90 and a beta of 0.97. The business has a fifty day moving average of $68.18 and a two-hundred day moving average of $64.75. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analysts' expectations 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 last year, the business earned $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. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

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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