CenterBook Partners LP Makes New Investment in Cisco Systems, Inc. $CSCO

Key Points

• CenterBook Partners LP opened a new position in Cisco Systems during the fourth quarter, buying 139,475 shares valued at about $10.7 million.
• Cisco continues to attract institutional interest, with several other funds adding to stakes; overall, institutional investors now own 73.33% of the stock.
• The article highlights a bullish backdrop for Cisco, including AI-driven optimism, stronger analyst price targets, and recent quarterly results that beat expectations on both earnings and revenue.

CenterBook Partners LP purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 139,475 shares of the network equipment provider's stock, valued at approximately $10,744,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its position in Cisco Systems by 8.5% during the fourth quarter. Manchester Capital Management LLC now owns 26,508 shares of the network equipment provider's stock worth $2,042,000 after buying an additional 2,083 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Cisco Systems during the fourth quarter worth approximately $1,030,000. Fiera Capital Corp increased its position in Cisco Systems by 19.9% during the fourth quarter. Fiera Capital Corp now owns 9,865 shares of the network equipment provider's stock worth $760,000 after buying an additional 1,637 shares during the period. CNB Bank increased its position in Cisco Systems by 1.2% during the fourth quarter. CNB Bank now owns 28,162 shares of the network equipment provider's stock worth $2,169,000 after buying an additional 327 shares during the period. Finally, Palladiem LLC purchased a new position in shares of Cisco Systems in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Key Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Jim Cramer highlighted Cisco as a top Dow performer, saying legacy tech names like Cisco are benefiting from the AI data-center boom. Jim Cramer Highlights Cisco Systems as the Top Dow Performer
• Positive Sentiment: Analyst commentary is increasingly bullish, with upgrades tied to expectations that Cisco could generate about $6 billion in FY2027 AI revenue. Analyst Upgrades Cisco Systems As It Anticipates $6 Billion in FY2027 AI Revenue
• Positive Sentiment: Reports from Cisco’s conference appearance and product rollout emphasized its AI-centric Cloud Control platform, expanded cybersecurity tools, and partnerships aimed at secure AI infrastructure, supporting the view that Cisco can monetize AI beyond hardware refresh cycles. Cisco’s AI Platforms And Cybersecurity Push Test Valuation For Investors
• Neutral Sentiment: Broader market headlines about tech selling off, rising yields, and “bubble” comparisons to Cisco’s dot-com era may create short-term volatility, but they are not specific to Cisco’s fundamentals. Equities Fall, Yields Jump Intraday After Jobs Report; Tech Leads Sell-Off
• Neutral Sentiment: Goldman Sachs reportedly remained at Hold while Morgan Stanley reiterated Buy, suggesting Wall Street is still divided on how much upside is already priced in. Goldman Sachs Remains a Hold on Cisco Systems (CSCO) Morgan Stanley Sticks to Their Buy Rating for Cisco Systems (CSCO)

Cisco Systems Price Performance

Cisco Systems stock opened at $121.64 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. Cisco Systems, Inc. has a 1-year low of $63.87 and a 1-year high of $130.37. The company has a market cap of $479.44 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 3.10 and a beta of 1.01. The stock's 50 day moving average price is $98.05 and its 200 day moving average price is $85.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. 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. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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 paid a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. Cisco Systems's payout ratio is 54.55%.

Analysts Set New Price Targets

Several brokerages have weighed in on CSCO. Bank of America lifted their target price on Cisco Systems from $114.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. 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 note on Thursday, May 14th. Piper Sandler lifted their target price on Cisco Systems from $86.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their target price on Cisco Systems from $95.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Finally, KeyCorp lifted their target price on Cisco Systems from $87.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.50.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 2,761 shares of Cisco Systems stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $114.61, for a total value of $316,438.21. Following the sale, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the sale, the insider owned 246,737 shares in the company, valued at approximately $28,937,315.36. The trade was a 2.82% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 51,324 shares of company stock valued at $5,559,834. 0.01% of the stock is owned by company 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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