Cisco Systems, Inc. $CSCO is Ardmore Road Asset Management LP's 4th Largest Position

Key Points

• Ardmore Road Asset Management LP significantly increased its stake in Cisco Systems, doubling its holdings to 800,000 shares worth approximately $49.4 million, making it the fund's fourth largest investment.
• Multiple institutional investors, including Goldman Sachs and Pacer Advisors, have also boosted their positions in Cisco, indicating strong interest in the network equipment provider.
• Cisco reported an earnings per share (EPS) of $0.99 for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $0.41 per share to be paid on October 22nd.

Ardmore Road Asset Management LP grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 100.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 800,000 shares of the network equipment provider's stock after acquiring an additional 400,000 shares during the period. Cisco Systems comprises approximately 4.9% of Ardmore Road Asset Management LP's portfolio, making the stock its 4th largest position. Ardmore Road Asset Management LP's holdings in Cisco Systems were worth $49,368,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Cisco Systems by 0.5% during the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after purchasing an additional 1,865,648 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cisco Systems by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock worth $2,159,099,000 after purchasing an additional 2,637,006 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Cisco Systems by 2.3% during the first quarter. Deutsche Bank AG now owns 15,986,020 shares of the network equipment provider's stock worth $986,497,000 after purchasing an additional 353,377 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of analyst reports. CICC Research initiated coverage on shares of Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. New Street Research reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. HSBC reissued a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Finally, UBS Group boosted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the sale, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maria Victoria Wong sold 3,162 shares of the 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 of the company's stock, valued at $2,117,167.04. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,095 shares of company stock valued at $7,841,167. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of CSCO traded down $0.34 during mid-day trading on Friday, hitting $69.09. 14,952,208 shares of the company's stock were exchanged, compared to its average volume of 22,349,072. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The firm has a market capitalization of $273.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.93 and a beta of 0.99. The business's 50 day moving average is $68.47 and its two-hundred day moving average is $63.77. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping 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 business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business'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. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio is 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.