Cisco Systems, Inc. $CSCO Stock Sold by BDF Gestion

BDF Gestion lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,716 shares of the network equipment provider’s stock after selling 7,573 shares during the period. Cisco Systems comprises about 0.9% of BDF Gestion’s investment portfolio, making the stock its 19th biggest position. BDF Gestion’s holdings in Cisco Systems were worth $6,427,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Cisco Systems during the second quarter valued at about $42,129,647,000. Bank of America Corp DE bought a new position in shares of Cisco Systems during the second quarter valued at about $5,892,379,000. Bank of New York Mellon Corp bought a new position in shares of Cisco Systems during the second quarter valued at about $4,714,574,000. Deutsche Bank AG bought a new position in shares of Cisco Systems during the second quarter valued at about $1,997,004,000. Finally, State Street Corp increased its holdings in shares of Cisco Systems by 7.0% in the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after buying an additional 13,512,872 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity

In other news, EVP Oliver Tuszik sold 2,760 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the transaction, the executive vice president directly owned 165,276 shares of the company’s stock, valued at approximately $18,586,938.96. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the transaction, the insider owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This represents a 3.02% 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 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is owned by insiders.

Cisco Systems Trading Down 0.3%

Shares of Cisco Systems stock traded down $0.33 during trading on Monday, reaching $107.06. 5,112,767 shares of the stock were exchanged, compared to its average volume of 22,195,354. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a market cap of $422.11 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $69.85 and a 1 year high of $130.37. The stock’s fifty day moving average is $111.38 and its 200 day moving average is $109.10.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the previous year, the business earned $0.99 EPS. Cisco Systems’s revenue was up 17.6% compared to the same quarter last year. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, equities research analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 50.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSCO shares. Truist Financial boosted their target price on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Freedom Capital upgraded Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Rosenblatt Securities lifted their price target on Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a research note on Sunday, October 11th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.52.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.