AMI Asset Management Corp Makes New $722,000 Investment in Cisco Systems, Inc. $CSCO

Key Points

• AMI Asset Management Corp opened a new position in Cisco Systems during the first quarter, buying 9,305 shares worth about $722,000.
• Institutional interest in Cisco remains strong, with 73.33% of the stock owned by hedge funds and other institutional investors. Several other funds also increased or initiated stakes in the company.
• Analysts remain bullish overall: Cisco has a Moderate Buy consensus rating and an average target price of $123.14, while recent upgrades and higher price targets have pushed expectations higher.

AMI Asset Management Corp bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,305 shares of the network equipment provider's stock, valued at approximately $722,000.

Other hedge funds have also modified their holdings of the company. Members Wealth LLC purchased a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $173,000. Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in Cisco Systems by 8.0% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 127,320 shares of the network equipment provider's stock valued at $9,879,000 after purchasing an additional 9,442 shares during the last quarter. Master S Wealth Management Inc. increased its holdings in Cisco Systems by 42.8% in the 1st quarter. Master S Wealth Management Inc. now owns 4,541 shares of the network equipment provider's stock valued at $352,000 after purchasing an additional 1,361 shares during the last quarter. Moss Adams Wealth Advisors LLC raised its position in Cisco Systems by 6.6% in the first quarter. Moss Adams Wealth Advisors LLC now owns 18,579 shares of the network equipment provider's stock valued at $1,442,000 after purchasing an additional 1,146 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. lifted its stake in Cisco Systems by 17.3% during the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 46,434 shares of the network equipment provider's stock worth $3,603,000 after purchasing an additional 6,833 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citic Securities raised their price target on Cisco Systems from $90.00 to $130.00 in a research report on Friday, May 15th. HSBC upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $77.00 to $137.00 in a report on Friday, May 15th. Weiss Ratings upgraded Cisco Systems from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. New Street Research lifted their target price on Cisco Systems from $82.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Finally, KeyCorp boosted their price target on shares of Cisco Systems from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $123.14.

Cisco Systems Price Performance

Shares of CSCO opened at $117.70 on Tuesday. Cisco Systems, Inc. has a twelve month low of $65.75 and a twelve month high of $130.37. The firm's fifty day simple moving average is $110.46 and its 200-day simple moving average is $89.81. The firm has a market capitalization of $463.91 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.90 and a beta of 1.01. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.03. The firm had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems's dividend payout ratio is 54.55%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 2,761 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $114.61, for a total value of $316,438.21. Following the transaction, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 7,127 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total transaction of $854,598.57. Following the sale, the executive vice president owned 140,857 shares of the company's stock, valued at $16,890,162.87. This represents a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock valued at $5,668,823 over the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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