Board of the Pension Protection Fund boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 93.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,000 shares of the network equipment provider's stock after acquiring an additional 11,600 shares during the period. Cisco Systems accounts for about 1.8% of Board of the Pension Protection Fund's holdings, making the stock its 6th biggest position. Board of the Pension Protection Fund's holdings in Cisco Systems were worth $1,665,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after buying an additional 193 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $32,000. Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $31,000. Nova Wealth Management Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $31,000. Finally, Fairway Wealth LLC lifted its holdings in shares of 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 period. 73.33% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Cisco Systems
In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,965 shares of company stock worth $5,559,996. Company insiders own 0.01% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on CSCO shares. Morgan Stanley raised their price target on Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Friday. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Barclays boosted their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Evercore ISI boosted their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.89.
View Our Latest Report on Cisco Systems
Cisco Systems Price Performance
CSCO stock opened at $67.94 on Friday. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock's 50 day moving average price is $68.24 and its 200 day moving average price is $64.88. The firm has a market cap of $268.58 billion, a P/E ratio of 25.93, a PEG ratio of 2.86 and a beta of 0.97.
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 analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the company earned $0.87 EPS. Cisco Systems's revenue was up 7.6% on a year-over-year basis. 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The firm 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.
Cisco Systems Profile
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Free Report)
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.
Further Reading
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