301,219 Shares in Cisco Systems, Inc. $CSCO Bought by Associated Banc Corp

Key Points

• Associated Banc Corp opened a new Cisco position, buying 301,219 shares worth approximately $32.4 million in the third quarter. Institutional investors collectively own 73.33% of Cisco stock.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $128.52; 3 analysts rate the stock Strong Buy, 16 Buy, and 7 Hold.
• Cisco’s latest reported quarterly results beat expectations: EPS was $1.22 versus a $1.17 estimate, and revenue of $17.25 billion topped the $16.84 billion consensus.

Associated Banc Corp purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 301,219 shares of the network equipment provider's stock, valued at approximately $32,420,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Cozad Asset Management Inc. boosted its holdings in shares of Cisco Systems by 0.3% during the 1st quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider's stock valued at $2,033,000 after acquiring an additional 87 shares in the last quarter. Dogwood Wealth Management LLC grew its position in Cisco Systems by 3.9% during the 2nd quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider's stock worth $283,000 after acquiring an additional 90 shares during the last quarter. Green Ridge Wealth Planning LLC increased its holdings in Cisco Systems by 1.5% in the 3rd quarter. Green Ridge Wealth Planning LLC now owns 6,017 shares of the network equipment provider's stock worth $648,000 after purchasing an additional 90 shares in the last quarter. August Group Capital Ltd increased its holdings in Cisco Systems by 2.0% in the 2nd quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider's stock worth $555,000 after purchasing an additional 91 shares in the last quarter. Finally, Financial Insights Inc. increased its holdings in Cisco Systems by 1.5% in the 1st quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider's stock worth $483,000 after purchasing an additional 92 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent research reports. Wall Street Zen raised Cisco Systems from a "hold" rating to a "buy" rating in a research note on Sunday, October 11th. Zacks Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 30th. Barclays boosted their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. HSBC cut shares of Cisco Systems from a "buy" rating to a "hold" rating and decreased their price target for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Finally, Piper Sandler dropped their price target on shares of Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.52.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $102.97 on Wednesday. The business has a 50-day moving average price of $109.67 and a two-hundred day moving average price of $101.28. Cisco Systems, Inc. has a 1-year low of $70.54 and a 1-year high of $130.37. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The company has a market cap of $405.97 billion, a P/E ratio of 27.69, a PEG ratio of 2.12 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm's revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is presently 50.30%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president directly owned 167,116 shares of the company's stock, valued at approximately $18,638,447.48. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 312 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $34,376.16. Following the transaction, the executive vice president owned 127,661 shares in the company, valued at $14,065,688.98. This represents a 0.24% 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 three months, insiders sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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