Mirae Asset Global Investments Co. Ltd. Has $207.07 Million Stock Position in Cisco Systems, Inc. $CSCO

Mirae Asset Global Investments Co. Ltd. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 8.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,984,602 shares of the network equipment provider’s stock after purchasing an additional 232,930 shares during the quarter. Cisco Systems makes up approximately 0.7% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 17th largest position. Mirae Asset Global Investments Co. Ltd.’s holdings in Cisco Systems were worth $207,072,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp increased its stake in shares of Cisco Systems by 0.8% during the 2nd quarter. Mechanics Financial Corp now owns 22,935 shares of the network equipment provider’s stock worth $1,591,000 after purchasing an additional 180 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its stake in Cisco Systems by 5.8% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 27,449 shares of the network equipment provider’s stock valued at $1,904,000 after buying an additional 1,515 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Cisco Systems by 7.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,826 shares of the network equipment provider’s stock valued at $612,000 after buying an additional 635 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of Cisco Systems by 116.5% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 50,402 shares of the network equipment provider’s stock worth $3,497,000 after acquiring an additional 27,124 shares during the period. Finally, TFG Advisers LLC increased its holdings in shares of Cisco Systems by 2.9% during the 2nd quarter. TFG Advisers LLC now owns 48,477 shares of the network equipment provider’s stock worth $3,363,000 after acquiring an additional 1,376 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. CICC Research assumed coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Finally, William Blair raised Cisco Systems to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 Down 0.6%

Shares of CSCO opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The firm has a market cap of $270.04 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.89 and a beta of 0.97. The business’s fifty day moving average is $68.12 and its 200-day moving average is $64.51.

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

Cisco Systems Dividend Announcement

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

Cisco Systems 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.