Cisco Systems, Inc. $CSCO Shares Acquired by Jag Capital Management LLC

Key Points

• Jag Capital Management LLC significantly increased its stake in Cisco Systems by 215.6% during Q2, now holding 223,600 shares valued at approximately $15.5 million.
• Various institutional investors, including Goldman Sachs and Pacer Advisors, boosted their stakes in Cisco, collectively reflecting a trend of increasing institutional ownership in the company.
• Cisco Systems recently reported earnings of $0.99 per share, exceeding analysts' expectations, along with a declared quarterly dividend of $0.41 per share, indicating a strong financial performance.

Jag Capital Management LLC increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 215.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 223,600 shares of the network equipment provider's stock after acquiring an additional 152,762 shares during the period. Cisco Systems makes up approximately 1.7% of Jag Capital Management LLC's holdings, making the stock its 22nd largest holding. Jag Capital Management LLC's holdings in Cisco Systems were worth $15,513,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Cisco Systems during the second quarter valued at about $904,542,000. Goldman Sachs Group Inc. boosted its holdings in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after purchasing an additional 12,775,066 shares during the last quarter. Nuveen LLC acquired a new stake in Cisco Systems during the 1st quarter valued at approximately $750,495,000. Pacer Advisors Inc. increased its holdings in Cisco Systems by 1,144.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after purchasing an additional 7,468,212 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Cisco Systems by 255.9% in 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 purchasing an additional 5,622,672 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last quarter. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CSCO. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Bank of America upped their target price 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. CICC Research assumed coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, HSBC reiterated a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.72.

Cisco Systems Stock Down 0.7%

Cisco Systems stock opened at $67.46 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a 50-day simple moving average of $68.22 and a 200-day simple moving average of $64.95. The firm has a market capitalization of $266.68 billion, a P/E ratio of 25.75, a P/E/G 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 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 analyst estimates of $14.63 billion. During the same period in the previous year, the business posted $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. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is 62.60%.

Cisco Systems Company 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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