Cisco Systems, Inc. $CSCO Shares Bought by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Cisco stake by 10.5% in the third quarter, acquiring 22,769 additional shares for a total holding of 238,917 shares valued at approximately $25.7 million. Institutional investors collectively own 73.33% of Cisco.
• Analyst sentiment is generally positive, with Cisco receiving a consensus “Moderate Buy” rating and an average price target of $128.52, although Piper Sandler lowered its target and maintained a neutral rating.
• Cisco reported quarterly revenue of $17.25 billion and EPS of $1.22, exceeding analyst expectations, while shares opened at $101.61. The company also pays a quarterly dividend of $0.42 per share, representing a 1.7% yield.

Aware Super Pty Ltd as trustee of Aware Super lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 238,917 shares of the network equipment provider's stock after purchasing an additional 22,769 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Cisco Systems were worth $25,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Bauman Advisory Group LLC increased its position in Cisco Systems by 9.0% in the 3rd quarter. Bauman Advisory Group LLC now owns 2,177 shares of the network equipment provider's stock valued at $234,000 after acquiring an additional 179 shares during the period. Eads & Heald Wealth Management raised its stake in Cisco Systems by 1.3% during the 3rd quarter. Eads & Heald Wealth Management now owns 23,868 shares of the network equipment provider's stock valued at $2,569,000 after acquiring an additional 314 shares in the last quarter. VCI Wealth Management LLC raised its stake in Cisco Systems by 18.1% during the 3rd quarter. VCI Wealth Management LLC now owns 34,852 shares of the network equipment provider's stock valued at $3,751,000 after acquiring an additional 5,331 shares in the last quarter. Garde Capital Inc. acquired a new position in Cisco Systems during the 3rd quarter worth $258,000. Finally, Gerber Kawasaki Wealth & Investment Management boosted its position in Cisco Systems by 26.9% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 10,200 shares of the network equipment provider's stock worth $1,098,000 after acquiring an additional 2,163 shares during the period. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CSCO shares. Freedom Capital raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Rosenblatt Securities lifted their price objective on shares of Cisco Systems from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Morgan Stanley upped their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Piper Sandler decreased their target price on shares of Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, September 22nd. Finally, Wall Street Zen raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Sunday, October 11th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.52.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of Cisco Systems stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $74,922.40. Following the transaction, the executive vice president directly owned 163,337 shares in the company, valued at $17,996,470.66. The trade was a 0.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,487 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, the executive vice president directly owned 167,116 shares in the company, valued at $18,638,447.48. This trade represents a 3.74% 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. In the last three months, insiders have sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 2.8%

Shares of CSCO stock opened at $101.61 on Tuesday. The stock has a 50-day simple moving average of $109.81 and a 200 day simple moving average of $101.14. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The stock has a market capitalization of $400.61 billion, a P/E ratio of 30.42, a P/E/G ratio of 2.30 and a beta of 0.99. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Cisco Systems's revenue was up 17.6% compared to the same quarter last year. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, sell-side analysts expect that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, October 2nd. Cisco Systems's dividend payout ratio is 50.30%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.