Cisco Systems, Inc. $CSCO Stock: Atlatl Advisers LLC Boosts Stake

Key Points

• Atlatl Advisers LLC increased its Cisco stake by 477.6% in the third quarter, ending with 17,445 shares valued at approximately $1.88 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported quarterly revenue of $17.25 billion and EPS of $1.22, exceeding analyst expectations, while revenue rose 17.6% year over year. The company also pays a quarterly dividend of $0.42 per share, equivalent to a 1.6% yield.
• Analyst sentiment remains positive but mixed, with Cisco holding a consensus “Moderate Buy” rating and an average price target of $128.52 versus its recent $106.50 share price.

Atlatl Advisers LLC raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 477.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,445 shares of the network equipment provider's stock after buying an additional 14,425 shares during the quarter. Atlatl Advisers LLC's holdings in Cisco Systems were worth $1,878,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Cisco Systems during the second quarter valued at approximately $42,129,647,000. Bank of America Corp DE purchased a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $5,892,379,000. Bank of New York Mellon Corp purchased a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $4,714,574,000. Deutsche Bank AG bought a new position in Cisco Systems during the 2nd quarter valued at approximately $1,997,004,000. Finally, State Street Corp increased its position in Cisco Systems by 7.0% during the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock valued at $25,278,492,000 after buying an additional 13,512,872 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Up 1.5%

Cisco Systems stock opened at $106.50 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a one year low of $70.06 and a one year high of $130.37. The stock has a market capitalization of $419.89 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The business's fifty day moving average is $110.18 and its 200 day moving average is $109.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter last year, the firm posted $0.99 EPS. The business's quarterly 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 predict that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors 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 yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems's dividend payout ratio is 50.30%.

Wall Street Analyst Weigh In

Several research firms have commented on CSCO. Rosenblatt Securities boosted their target price on Cisco Systems from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Piper Sandler dropped their price target on shares of Cisco Systems from $132.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 22nd. Freedom Capital raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Finally, HSBC lowered shares of Cisco Systems from a "buy" rating to a "hold" rating and reduced their price objective for the company from $137.00 to $120.00 in a research note on Friday, August 14th. Three investment 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 stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.52.

Insider Buying and Selling

In other Cisco Systems news, EVP Thimaya Subaiya sold 5,832 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total value of $650,093.04. Following the transaction, the executive vice president directly owned 128,382 shares of the company's stock, valued at approximately $14,310,741.54. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the sale, the chief executive officer directly owned 602,710 shares of the company's stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their position. 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. Insiders have sold 44,869 shares of company stock valued at $5,005,620 in the last 90 days. Insiders own 0.01% of the company's stock.

About Cisco Systems

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.

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