Allstate Corp Has $8.54 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• Allstate Corp increased its stake in Cisco Systems by 24.5% in Q1, now holding 138,453 shares valued at approximately $8.54 million.
• Cisco Systems reported Q4 earnings of $0.99 EPS, surpassing estimates, with a revenue of $14.67 billion, up 7.6% year-over-year.
• The company recently declared a $0.41 quarterly dividend, yielding 2.4%, with an ex-dividend date of October 3rd.

Allstate Corp raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,453 shares of the network equipment provider's stock after purchasing an additional 27,289 shares during the period. Allstate Corp's holdings in Cisco Systems were worth $8,544,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Navigoe LLC bought a new stake in Cisco Systems during the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth about $26,000. JDM Financial Group LLC boosted its stake 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. acquired a new stake in Cisco Systems in the 1st quarter valued at approximately $31,000. Finally, Fairway Wealth LLC grew its holdings in Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after buying an additional 400 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 15,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $63.53, for a total value of $952,950.00. Following the transaction, the executive vice president owned 131,676 shares of the company's stock, valued at approximately $8,365,376.28. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,118 shares of company stock worth $8,847,167. 0.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

CSCO has been the topic of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Barclays boosted their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price target on the stock. Finally, Wolfe Research initiated coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Down 0.1%

Shares of CSCO opened at $67.02 on Friday. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The stock has a market cap of $265.40 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a 50-day moving average price of $68.13 and a two-hundred day moving average price of $63.51. 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 (NASDAQ:CSCO - Get Free Report) last announced its quarterly 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. The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

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.

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