Zurich Insurance Group Ltd FI Boosts Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Zurich Insurance Group increased its stake in Cisco Systems by 120.6% during the first quarter, now holding over 2.26 million shares, making Cisco the 17th largest position in its portfolio.
• Cisco Systems reported earnings of $0.99 per share for the last quarter, surpassing analyst estimates of $0.98, with revenue reaching $14.67 billion.
• The company recently declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.5%, payable on October 22nd.

Zurich Insurance Group Ltd FI increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 120.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,269,541 shares of the network equipment provider's stock after acquiring an additional 1,240,827 shares during the period. Cisco Systems makes up about 1.1% of Zurich Insurance Group Ltd FI's investment portfolio, making the stock its 17th biggest position. Zurich Insurance Group Ltd FI owned approximately 0.06% of Cisco Systems worth $140,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $2,898,722,000 after acquiring an additional 12,775,066 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Cisco Systems during the 1st quarter worth $750,495,000. Pacer Advisors Inc. raised its position in shares of Cisco Systems by 1,144.2% in 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 period. GAMMA Investing LLC grew its position in Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after acquiring an additional 6,625,045 shares during the period. Finally, Invesco Ltd. increased its stake in Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after acquiring an additional 4,437,450 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.0%

Shares of Cisco Systems stock opened at $66.88 on Tuesday. 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, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The business has a 50-day moving average of $68.39 and a 200-day moving average of $63.90. The company has a market capitalization of $264.39 billion, a PE ratio of 25.53, a P/E/G ratio of 2.81 and a beta of 0.99.

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 for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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%.Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. 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 analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems 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 completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSCO shares. Morgan Stanley lifted their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Bank of America lifted their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. UBS Group lifted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, 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 for the company. One equities research 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 stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and an average target price of $74.53.

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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