Swedbank AB Has $675.88 Million Stake in Cisco Systems, Inc. $CSCO

Swedbank AB reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,710,960 shares of the network equipment provider’s stock after selling 247,808 shares during the period. Cisco Systems makes up approximately 0.7% of Swedbank AB’s investment portfolio, making the stock its 28th biggest position. Swedbank AB’s holdings in Cisco Systems were worth $675,883,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Unison Advisors LLC raised its holdings in Cisco Systems by 0.5% in the 1st quarter. Unison Advisors LLC now owns 68,175 shares of the network equipment provider’s stock valued at $5,290,000 after acquiring an additional 372 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its position in shares of Cisco Systems by 0.8% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 23,116 shares of the network equipment provider’s stock valued at $1,794,000 after acquiring an additional 194 shares during the period. PUREfi Wealth LLC grew its holdings in shares of Cisco Systems by 14.3% during the 1st quarter. PUREfi Wealth LLC now owns 8,498 shares of the network equipment provider’s stock worth $659,000 after purchasing an additional 1,060 shares in the last quarter. Compton Financial Group LLC grew its holdings in shares of Cisco Systems by 4.4% during the 1st quarter. Compton Financial Group LLC now owns 3,353 shares of the network equipment provider’s stock worth $260,000 after purchasing an additional 142 shares in the last quarter. Finally, Meridian Investment Counsel Inc. increased its position in shares of Cisco Systems by 32.6% in the first quarter. Meridian Investment Counsel Inc. now owns 34,546 shares of the network equipment provider’s stock worth $2,680,000 after purchasing an additional 8,501 shares during the period. Institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CSCO. Piper Sandler upped their price objective on shares of Cisco Systems from $86.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Bank of America boosted their target price on shares of Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, June 8th. CICC Research upped their price target on shares of Cisco Systems from $96.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Weiss Ratings upgraded shares of Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Truist Financial started coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a “buy” rating and a $94.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.14.

Insider Activity

In other news, insider Jeetendra I. Patel sold 7,169 shares of Cisco Systems stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $117.28, for a total transaction of $840,780.32. Following the sale, the insider directly owned 246,737 shares of the company’s stock, valued at approximately $28,937,315.36. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the transaction, the executive vice president directly owned 177,223 shares of the company’s stock, valued at $20,790,030.13. This represents a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,650 shares of company stock valued at $5,668,823. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Price Performance

Shares of NASDAQ CSCO traded down $1.50 during midday trading on Tuesday, reaching $112.48. 4,221,718 shares of the company were exchanged, compared to its average volume of 23,978,934. The stock’s 50-day moving average price is $112.59 and its 200-day moving average price is $90.82. The stock has a market cap of $443.33 billion, a P/E ratio of 36.61, a PEG ratio of 2.87 and a beta of 1.02. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. Cisco Systems, Inc. has a one year low of $65.75 and a one year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The company had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same period in the prior year, the company earned $0.96 EPS. Cisco Systems’s revenue was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio (DPR) is currently 54.55%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.