Cisco Systems, Inc. $CSCO Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its holdings in Cisco Systems by 8.9% during the first quarter, acquiring an additional 360,200 shares, bringing its total to approximately 4.4 million shares.
• Several brokerages raised their price targets for Cisco Systems, with Wells Fargo increasing theirs from $75.00 to $83.00 and maintaining an "overweight" rating.
• Cisco Systems recently declared a quarterly dividend of $0.41, with an annualized yield of 2.4%, set to be paid out on October 22nd to shareholders of record by October 3rd.

Adage Capital Partners GP L.L.C. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,429,021 shares of the network equipment provider's stock after buying an additional 360,200 shares during the quarter. Cisco Systems comprises approximately 0.5% of Adage Capital Partners GP L.L.C.'s holdings, making the stock its 29th largest holding. Adage Capital Partners GP L.L.C. owned approximately 0.11% of Cisco Systems worth $273,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Cisco Systems during the fourth quarter worth $26,000. JDM Financial Group LLC lifted its position in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the first quarter worth $31,000. Fairway Wealth LLC lifted its position in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Cisco Systems during the first quarter worth $36,000. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 3,162 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the sale, the senior vice president owned 31,468 shares in the company, valued at approximately $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,311 shares of company stock valued at $5,916,823. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSCO. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $73.00 in a report on Monday, June 16th. Piper Sandler lifted their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Morgan Stanley lifted their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, CICC Research started coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Down 1.6%

CSCO traded down $1.09 on Friday, hitting $66.90. The company had a trading volume of 21,048,179 shares, compared to its average volume of 20,822,246. The stock has a fifty day moving average price of $68.44 and a 200-day moving average price of $63.89. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market capitalization of $264.47 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.88 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

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.