Voya Investment Management LLC Acquires 2,365,389 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Voya Investment Management LLC increased its stake in Cisco Systems by 39%, now holding a total of 8,422,911 shares valued at approximately $519.78 million.
• Insider transactions revealed CEO Charles Robbins sold over 30,000 shares, reducing his ownership by 4.56%, while another executive, Thimaya K. Subaiya, also sold shares, contributing to a total of 88,099 shares sold by insiders in the last 90 days.
• Cisco Systems reported a quarterly EPS of $0.99, exceeding analyst expectations, and the company declared a quarterly dividend of $0.41, with an ex-dividend date set for October 3rd.

Voya Investment Management LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,422,911 shares of the network equipment provider's stock after acquiring an additional 2,365,389 shares during the period. Cisco Systems comprises 0.6% of Voya Investment Management LLC's holdings, making the stock its 26th biggest holding. Voya Investment Management LLC owned approximately 0.21% of Cisco Systems worth $519,778,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Howe & Rusling Inc. grew its position in Cisco Systems by 7.3% in the first quarter. Howe & Rusling Inc. now owns 18,820 shares of the network equipment provider's stock valued at $1,161,000 after acquiring an additional 1,273 shares during the last quarter. Compass Financial Services Inc grew its position in Cisco Systems by 298.3% in the first quarter. Compass Financial Services Inc now owns 709 shares of the network equipment provider's stock valued at $44,000 after acquiring an additional 531 shares during the last quarter. Birchbrook Inc. grew its position in Cisco Systems by 6.3% in the first quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock valued at $183,000 after acquiring an additional 176 shares during the last quarter. Asset Planning Services Inc. LA ADV grew its position in Cisco Systems by 0.3% in the first 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 acquiring an additional 300 shares during the last quarter. Finally, eCIO Inc. bought a new position in Cisco Systems in the first quarter valued at about $37,000. Institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,099 shares of company stock valued at $5,851,765. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $67.69 on Friday. The business's 50 day simple moving average is $68.30 and its 200 day simple moving average is $63.98. Cisco Systems, Inc. has a one year low of $48.86 and a one year high of $72.55. The stock has a market capitalization 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 current ratio of 1.00 and a quick ratio of 0.91.

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

Cisco Systems Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. Barclays boosted their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. HSBC restated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. New Street Research restated a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Finally, Bank of America boosted their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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