Sumitomo Mitsui Financial Group Inc. Has $3.19 Million Stake in Cisco Systems, Inc. $CSCO

Sumitomo Mitsui Financial Group Inc. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 37.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,917 shares of the network equipment provider’s stock after purchasing an additional 12,581 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Cisco Systems were worth $3,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Connections Group Inc. grew its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Cisco Systems during the second quarter valued at about $28,000. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems in the first quarter valued at about $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $76.07 on Thursday. The firm has a market cap of $300.56 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The firm’s 50-day simple moving average is $71.38 and its 200-day simple moving average is $68.48. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.06. 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 (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, research analysts expect 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, January 21st. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 116,734 shares of Cisco Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the completion of the transaction, the chief executive officer directly owned 704,153 shares of the company’s stock, valued at $54,431,026.90. This trade represents a 14.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the completion of the transaction, the executive vice president owned 179,780 shares in the company, valued at approximately $14,082,167.40. This trade represents a 23.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,024,627 shares of company stock worth $79,621,482 in the last quarter. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of research analyst reports. Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. CICC Research raised their price objective on shares of Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Citic Securities raised their price target on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. Finally, Evercore ISI upped their price objective on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

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.