Lansforsakringar Fondforvaltning AB publ Sells 44,331 Shares of Cisco Systems, Inc. $CSCO

Lansforsakringar Fondforvaltning AB publ cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.3% in the first quarter, HoldingsChannel reports. The firm owned 1,302,726 shares of the network equipment provider’s stock after selling 44,331 shares during the quarter. Cisco Systems accounts for 0.5% of Lansforsakringar Fondforvaltning AB publ’s portfolio, making the stock its 27th largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Cisco Systems were worth $101,078,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Next Level Private LLC raised its stake in Cisco Systems by 22.4% during the first quarter. Next Level Private LLC now owns 6,776 shares of the network equipment provider’s stock valued at $526,000 after purchasing an additional 1,241 shares in the last quarter. 3Chopt Investment Partners LLC grew its stake in shares of Cisco Systems by 0.4% in the 1st quarter. 3Chopt Investment Partners LLC now owns 54,982 shares of the network equipment provider’s stock worth $4,266,000 after buying an additional 234 shares in the last quarter. Three Magnolias Financial Advisors LLC increased its holdings in shares of Cisco Systems by 9.1% in the 1st quarter. Three Magnolias Financial Advisors LLC now owns 8,369 shares of the network equipment provider’s stock worth $648,000 after buying an additional 700 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Cisco Systems by 12.8% during the 1st quarter. Continuum Advisory LLC now owns 20,202 shares of the network equipment provider’s stock valued at $1,568,000 after buying an additional 2,294 shares in the last quarter. Finally, Networth Advisors LLC raised its position in shares of Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after buying an additional 246 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Activity

In related news, insider Jeetendra I. Patel sold 7,169 shares of Cisco Systems stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $117.28, for a total transaction of $840,780.32. Following the transaction, the insider directly owned 246,737 shares of the company’s stock, valued at $28,937,315.36. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,761 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $114.61, for a total value of $316,438.21. Following the sale, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. This trade represents a 1.50% 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 quarter, insiders sold 47,650 shares of company stock valued at $5,668,823. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CSCO. The Goldman Sachs Group lifted their price target on Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Truist Financial assumed coverage on Cisco Systems in a research report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price objective on the stock. Argus raised their price objective on Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Barclays lifted their target price on Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, Citic Securities increased their price target on Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.14.

Cisco Systems Price Performance

Cisco Systems stock opened at $117.70 on Tuesday. The stock has a market cap of $463.91 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 2.90 and a beta of 1.01. The firm has a 50-day moving average of $110.46 and a two-hundred day moving average of $89.81. Cisco Systems, Inc. has a 1 year low of $65.75 and a 1 year high of $130.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion during the quarter, compared to analysts’ expectations of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. 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, research analysts forecast that Cisco Systems, Inc. will post 3.54 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, July 22nd. Stockholders of record on Monday, July 6th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s dividend payout ratio is presently 54.55%.

About Cisco Systems

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.