Cisco Systems, Inc. $CSCO Position Increased by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its stake in Cisco Systems by 4.3%, owning 221,201 shares valued at $15.3 million after purchasing an additional 9,064 shares in the 2nd quarter.
• Insider sales included EVP Oliver Tuszik selling 17,526 shares, marking an 8.10% decrease in his ownership, while a total of 82,965 shares were sold by insiders over the past ninety days.
• Cisco's recent earnings report indicated a quarterly revenue increase of 7.6% year-over-year, with an EPS of $0.99, surpassing analysts' estimates of $0.98.

OLD National Bancorp IN increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,201 shares of the network equipment provider's stock after purchasing an additional 9,064 shares during the period. OLD National Bancorp IN's holdings in Cisco Systems were worth $15,347,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after purchasing an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after acquiring an additional 612 shares in the last quarter. Acadian Asset Management LLC raised its stake in Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after acquiring an additional 5,622,672 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Cisco Systems by 28.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after acquiring an additional 904,548 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its stake in Cisco Systems by 1.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider's stock valued at $3,813,000 after acquiring an additional 535 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares of the company's stock, valued at $10,701,086.72. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CSCO has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Morgan Stanley lifted their target price on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. HSBC reaffirmed a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research note on Saturday, September 27th. Finally, KeyCorp initiated coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $67.92 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 current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $268.50 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 2.85 and a beta of 0.97. The stock's fifty day simple moving average is $68.10 and its 200-day simple moving average is $64.59.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results 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 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 the consensus estimate of $14.63 billion. During the same quarter in the previous year, the company posted $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, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal 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 given a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems 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.

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