KLP Kapitalforvaltning AS Purchases 65,400 Shares of Cisco Systems, Inc. $CSCO

KLP Kapitalforvaltning AS grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,854,115 shares of the network equipment provider’s stock after purchasing an additional 65,400 shares during the quarter. Cisco Systems makes up 0.6% of KLP Kapitalforvaltning AS’s holdings, making the stock its 26th biggest holding. KLP Kapitalforvaltning AS’s holdings in Cisco Systems were worth $128,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. HMV Wealth Advisors LLC raised its holdings in Cisco Systems by 4.5% in the 2nd quarter. HMV Wealth Advisors LLC now owns 12,029 shares of the network equipment provider’s stock valued at $835,000 after buying an additional 522 shares during the last quarter. Hardy Reed LLC increased its position in Cisco Systems by 3.0% in the 2nd quarter. Hardy Reed LLC now owns 5,976 shares of the network equipment provider’s stock valued at $415,000 after acquiring an additional 175 shares during the period. Drake & Associates LLC bought a new position in shares of Cisco Systems during the second quarter valued at $645,000. Motiv8 Investments LLC lifted its holdings in shares of Cisco Systems by 11.7% during the second quarter. Motiv8 Investments LLC now owns 22,126 shares of the network equipment provider’s stock worth $1,535,000 after purchasing an additional 2,318 shares during the period. Finally, Capital Advisors Inc. OK grew its stake in shares of Cisco Systems by 2.2% in the second quarter. Capital Advisors Inc. OK now owns 774,928 shares of the network equipment provider’s stock worth $53,765,000 after purchasing an additional 16,955 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company’s stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.5%

NASDAQ CSCO opened at $68.91 on Tuesday. The stock has a market capitalization of $272.42 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.85 and a beta of 0.97. The business has a 50 day simple moving average of $68.12 and a 200 day simple moving average of $64.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSCO shares. KeyCorp began coverage on Cisco Systems in a research report on Thursday, June 26th. They set an “overweight” rating and a $77.00 target price for the company. Wall Street Zen cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Evercore ISI raised their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.53.

About Cisco Systems

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.