BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 2,532 Shares of Cisco Systems, Inc. $CSCO

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 761,679 shares of the network equipment provider’s stock after selling 2,532 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Cisco Systems were worth $47,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Navigoe LLC bought a new position in Cisco Systems in the fourth quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems in the fourth quarter worth approximately $26,000. JDM Financial Group LLC boosted its holdings in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock worth $29,000 after acquiring an additional 300 shares in the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the first quarter worth approximately $31,000. Finally, Fairway Wealth LLC boosted its holdings in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 475 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $68.61, for a total transaction of $32,589.75. Following the completion of the sale, the senior vice president owned 34,630 shares in the company, valued at $2,375,964.30. This trade represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,118 shares of company stock worth $8,847,167 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of analyst reports. HSBC restated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. KeyCorp initiated coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 target price on the stock. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Barclays upped their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a report 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $74.53.

Cisco Systems Trading Up 0.4%

Shares of CSCO stock opened at $67.32 on Friday. The company has a 50 day moving average of $68.20 and a 200-day moving average of $63.55. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The firm has a market cap of $266.59 billion, a P/E ratio of 25.69, a PEG ratio of 2.85 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the business posted $0.87 EPS. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

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.