Oddo BHF Asset Management Sas Purchases 197,795 Shares of Cisco Systems, Inc. $CSCO

Oddo BHF Asset Management Sas increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 66.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 493,609 shares of the network equipment provider’s stock after acquiring an additional 197,795 shares during the period. Cisco Systems makes up about 1.4% of Oddo BHF Asset Management Sas’ holdings, making the stock its 12th biggest position. Oddo BHF Asset Management Sas’ holdings in Cisco Systems were worth $38,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Investment Management Inc. increased its holdings in Cisco Systems by 1,559.0% during the 4th quarter. Rakuten Investment Management Inc. now owns 732,195 shares of the network equipment provider’s stock worth $56,957,000 after acquiring an additional 688,060 shares during the period. Abound Financial LLC purchased a new position in Cisco Systems in the 4th quarter worth approximately $45,000. L2 Asset Management LLC boosted its stake in shares of Cisco Systems by 7.8% in the 4th quarter. L2 Asset Management LLC now owns 123,663 shares of the network equipment provider’s stock valued at $9,526,000 after purchasing an additional 8,933 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new stake in shares of Cisco Systems in the 4th quarter valued at $360,000. Finally, 71 West Capital Partners purchased a new stake in shares of Cisco Systems in the 4th quarter valued at $1,283,000. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,169 shares of the firm’s 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 sale, the insider owned 246,737 shares in the company, valued at approximately $28,937,315.36. This trade represents a 2.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $117.31, for a total transaction of $772,603.66. Following the sale, the executive vice president owned 177,223 shares in the company, valued at approximately $20,790,030.13. The trade was a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 43,655 shares of company stock worth $5,063,970. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSCO. Truist Financial began coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a “buy” rating and a $94.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $95.00 to $96.00 in a report on Monday, May 11th. UBS Group increased their price target on shares of Cisco Systems from $95.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. CICC Research increased their price objective on shares of Cisco Systems from $96.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Finally, Citigroup increased their price objective on shares of Cisco Systems from $90.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.90.

Cisco Systems Stock Performance

CSCO opened at $120.17 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market cap of $473.64 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 3.09 and a beta of 1.01. The company’s 50 day moving average is $103.10 and its 200 day moving average is $86.88. Cisco Systems, Inc. has a 12-month low of $64.85 and a 12-month high of $130.37.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 earnings per share. 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, equities research analysts predict that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. Cisco Systems’s dividend payout ratio (DPR) is presently 54.55%.

Cisco Systems Profile

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.