Amundi Trims Stock Holdings in Cisco Systems, Inc. $CSCO

Amundi reduced its holdings in Cisco Systems by 34.4% in Q2, now owning 19,141,130 shares worth $1.3 billion. Despite this, analysts have given Cisco a "Moderate Buy" rating, with price targets ranging from $76 to $100. Other institutional investors have adjusted their positions, and insider transactions have occurred, with significant stock sales by executives. Cisco's stock opened at $77.76, with a debt-to-equity ratio of 0.46.

Amundi reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 34.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,141,130 shares of the network equipment provider's stock after selling 10,029,717 shares during the quarter. Amundi owned about 0.48% of Cisco Systems worth $1,301,483,000 at the end of the most recent quarter.

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A number of other hedge funds have also bought and sold shares of the business. Avantax Advisory Services Inc. lifted its holdings in Cisco Systems by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider's stock worth $29,163,000 after buying an additional 4,525 shares during the period. Drive Wealth Management LLC lifted its holdings in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider's stock valued at $1,152,000 after purchasing an additional 436 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after purchasing an additional 26,840 shares in the last quarter. Guinness Asset Management LTD grew its stake in shares of Cisco Systems by 15.9% in the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider's stock worth $304,451,000 after buying an additional 603,131 shares during the last quarter. Finally, Tobam increased its position in Cisco Systems by 223.4% during the 2nd quarter. Tobam now owns 2,642 shares of the network equipment provider's stock valued at $183,000 after buying an additional 1,825 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several analyst reports. KeyCorp boosted their target price on Cisco Systems from $77.00 to $87.00 and gave the stock an "overweight" rating in a report on Thursday, November 13th. Barclays upped their price target on shares of Cisco Systems from $71.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 13th. Melius Research increased their price objective on shares of Cisco Systems from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, November 13th. Citigroup lifted their target price on Cisco Systems from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on Cisco Systems from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $84.14.

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Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 56,038 shares of the company's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total value of $4,389,456.54. Following the completion of the transaction, the executive vice president directly owned 179,780 shares in the company, valued at $14,082,167.40. This represents a 23.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of Cisco Systems stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the sale, the executive vice president owned 196,738 shares in the company, valued at approximately $15,316,053.30. The trade was a 45.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,024,627 shares of company stock valued at $79,621,482. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

How Cisco Is Building a New Growth Story for Investors

Shares of NASDAQ:CSCO opened at $77.76 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $80.06. The company has a market capitalization of $307.24 billion, a P/E ratio of 29.23, a P/E/G ratio of 2.95 and a beta of 0.87. The firm's 50 day simple moving average is $72.46 and its two-hundred day simple moving average is $69.04.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion during the quarter, compared to analysts' expectations of $14.77 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems's payout ratio is presently 61.65%.

Cisco Systems Profile

(Free Report)

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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