Livforsakringsbolaget Skandia Omsesidigt Sells 57,200 Shares of Cisco Systems, Inc. $CSCO

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 20.5% during the second quarter, Holdings Channel reports. The firm owned 222,176 shares of the network equipment provider’s stock after selling 57,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Cisco Systems were worth $15,415,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS grew its position in Cisco Systems by 0.7% in 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 acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC grew its position in Cisco Systems by 10.8% in 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 acquiring an additional 612 shares during the last quarter. Acadian Asset Management LLC grew its position in 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 last quarter. Wealth Enhancement Advisory Services LLC grew its position in Cisco Systems by 28.9% in 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 acquiring an additional 904,548 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider’s stock valued at $6,882,000 after acquiring an additional 2,839 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the transaction, the senior vice president directly owned 30,619 shares of the company’s stock, valued at approximately $2,089,746.75. The trade was a 1.38% 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, insider Jeetendra I. Patel sold 9,061 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock valued at $4,369,104 over the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $67.02 on Tuesday. The business’s 50 day simple moving average is $68.20 and its 200 day simple moving average is $64.02. Cisco Systems, Inc. has a one year low of $49.78 and a one year high of $72.55. The stock has a market capitalization of $264.94 billion, a PE ratio of 25.58, a PEG ratio of 2.80 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) 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems’s dividend payout ratio is presently 62.60%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp assumed coverage on Cisco Systems in a research report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. HSBC reiterated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Finally, Piper Sandler lifted their price target on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Company 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.