1832 Asset Management L.P. Increases Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• 1832 Asset Management L.P. significantly increased its holdings in Cisco Systems, Inc. by 4,236.3%, acquiring an additional 2,782,986 shares in the first quarter, raising its total position to 2,848,680 shares valued at approximately $175.8 million.
• Cisco reported $0.99 EPS for its latest quarter, beating estimates, and projected Q1 2026 EPS guidance of 0.970-0.990.
• The company announced a quarterly dividend of $0.41 per share with a payout ratio of 62.6%, to be paid on October 22nd, following an ex-dividend date of October 3rd.

1832 Asset Management L.P. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4,236.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,848,680 shares of the network equipment provider's stock after buying an additional 2,782,986 shares during the quarter. 1832 Asset Management L.P. owned 0.07% of Cisco Systems worth $175,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Navigoe LLC purchased a new position in Cisco Systems during the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the 4th quarter valued at $26,000. JDM Financial Group LLC increased its position in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the period. Pandora Wealth Inc. purchased a new position in Cisco Systems during the 1st quarter valued at $31,000. Finally, Fairway Wealth LLC increased its position in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Up 0.4%

Shares of NASDAQ:CSCO traded up $0.30 during midday trading on Friday, reaching $67.32. The company's stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,457,022. The firm has a 50 day moving average of $68.20 and a 200-day moving average of $63.56. The firm has a market capitalization of $266.59 billion, a P/E ratio of 25.69, a PEG ratio of 2.87 and a beta of 0.91. 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.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the firm posted $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. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. 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 dividend payout ratio is 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of research analyst reports. UBS Group boosted 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 issued an "outperform" rating and a $78.00 target price on the stock. Bank of America upped their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. 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 research report on Thursday, August 14th. Finally, William Blair raised shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president directly owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated 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 directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,118 shares of company stock worth $8,847,167 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

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.