Cisco Systems, Inc. $CSCO Shares Bought by Berkshire Asset Management LLC PA

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Berkshire Asset Management LLC PA grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 889,741 shares of the network equipment provider's stock after acquiring an additional 15,915 shares during the period. Cisco Systems comprises approximately 2.5% of Berkshire Asset Management LLC PA's portfolio, making the stock its 7th largest position. Berkshire Asset Management LLC PA's holdings in Cisco Systems were worth $53,126,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSCO. Brighton Jones LLC lifted its position in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares during the last quarter. Transce3nd LLC purchased a new stake in Cisco Systems in the fourth quarter valued at $96,000. Alpine Global Management LLC purchased a new stake in Cisco Systems in the fourth quarter valued at $233,000. Finally, Alta Advisers Ltd lifted its position in Cisco Systems by 20.9% in the fourth quarter. Alta Advisers Ltd now owns 13,059 shares of the network equipment provider's stock valued at $773,000 after acquiring an additional 2,259 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CSCO shares. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. New Street Research reaffirmed a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. CICC Research started coverage on shares of Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. Finally, William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the transaction, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 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 transaction of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,118 shares of company stock valued at $8,847,167 over the last 90 days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Price Performance

CSCO traded up $0.30 on Friday, hitting $67.32. 16,151,805 shares of the company were exchanged, compared to its average volume of 21,459,814. 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 business's fifty day moving average is $68.13 and its 200 day moving average is $63.51. 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 $266.59 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

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

Cisco Systems Dividend Announcement

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