Caitong International Asset Management Co. Ltd Buys New Stake in Cisco Systems, Inc. $CSCO

Key Points

• Caitong International Asset Management Co. Ltd acquired a new stake in Cisco Systems, Inc., purchasing 4,381 shares valued at approximately $304,000 during the second quarter.
• Cisco Systems reported a $0.99 EPS for the last quarter, exceeding analysts' estimates while showing a revenue increase of 7.6% year-over-year.
• Several investment firms have recently upgraded Cisco's stock ratings, with Bank of America increasing its price target from $76.00 to $85.00, reflecting strong investment interest.

Caitong International Asset Management Co. Ltd bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,381 shares of the network equipment provider's stock, valued at approximately $304,000.

Several other large investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its stake in Cisco Systems by 7.1% in the second quarter. Asset Management One Co. Ltd. now owns 2,137,085 shares of the network equipment provider's stock valued at $148,271,000 after acquiring an additional 142,398 shares in the last quarter. AlTi Global Inc. boosted its stake in Cisco Systems by 30.9% in the second quarter. AlTi Global Inc. now owns 22,822 shares of the network equipment provider's stock valued at $1,585,000 after acquiring an additional 5,388 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Cisco Systems by 6.7% in the second quarter. 180 Wealth Advisors LLC now owns 10,621 shares of the network equipment provider's stock valued at $737,000 after acquiring an additional 667 shares in the last quarter. Avion Wealth boosted its stake in Cisco Systems by 14.4% in the second quarter. Avion Wealth now owns 1,497 shares of the network equipment provider's stock valued at $103,000 after acquiring an additional 188 shares in the last quarter. Finally, Silver Oak Advisory Group Inc. boosted its stake in Cisco Systems by 4.4% in the second quarter. Silver Oak Advisory Group Inc. now owns 4,441 shares of the network equipment provider's stock valued at $308,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $70.27 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a market cap of $277.79 billion, a P/E ratio of 26.82, a PEG ratio of 2.98 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The company has a 50-day moving average price of $68.21 and a 200 day moving average price of $65.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The firm's 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. Research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Bank of America upped their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. KeyCorp started coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price for the company. Wells Fargo & Company increased their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research note 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, Cisco Systems currently has an average rating of "Moderate Buy" and an average price target of $74.72.

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.

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