Cisco Systems, Inc. $CSCO Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Cisco Systems by 20.6%, owning 313,921 shares valued at $19.37 million as of the latest reporting.
• Cisco Systems reported quarterly earnings of $0.99 per share, exceeding estimates and showing a 7.6% year-over-year revenue increase.
• The firm will pay a quarterly dividend of $0.41 per share on October 22nd, representing an annualized dividend yield of 2.5%.

Gotham Asset Management LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 20.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,921 shares of the network equipment provider's stock after purchasing an additional 53,587 shares during the quarter. Gotham Asset Management LLC's holdings in Cisco Systems were worth $19,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CSCO. Goldman Sachs Group Inc. raised its stake in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after acquiring an additional 12,775,066 shares during the last quarter. Nuveen LLC acquired a new position in shares of Cisco Systems in the first quarter valued at about $750,495,000. Pacer Advisors Inc. raised its stake in shares of Cisco Systems by 1,144.2% in the first 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. GAMMA Investing LLC lifted its holdings in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares during the period. Finally, Invesco Ltd. boosted its position in Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Down 1.6%

Shares of Cisco Systems stock opened at $66.90 on Friday. The firm has a 50-day simple moving average of $68.44 and a two-hundred day simple moving average of $63.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The company has a market cap of $264.47 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.Cisco Systems's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. 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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,311 shares of company stock worth $5,916,823 in the last ninety days. Company insiders own 0.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CSCO. Rosenblatt Securities reissued a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Evercore ISI boosted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. New Street Research reaffirmed a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Finally, CICC Research started coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

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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