Cisco Systems, Inc. $CSCO Stock Holdings Lifted by Rockland Trust Co.

Key Points

• Rockland Trust significantly increased its Cisco stake by 1,193.6% in the third quarter, owning 218,003 shares valued at approximately $23.5 million. Institutional investors collectively own 73.33% of CSCO.
• Analyst sentiment remains favorable, with Cisco receiving a consensus “Moderate Buy” rating and an average price target of $128.52; Wells Fargo raised its target to $150.
• Cisco reported quarterly revenue of $17.25 billion and earnings of $1.22 per share, exceeding estimates, while revenue grew 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.5% yield.

Rockland Trust Co. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1,193.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,003 shares of the network equipment provider's stock after buying an additional 201,150 shares during the quarter. Rockland Trust Co.'s holdings in Cisco Systems were worth $23,464,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Cisco Systems during the second quarter valued at approximately $42,129,647,000. State Street Corp boosted its position in Cisco Systems by 7.0% in the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares during the last quarter. Bank of America Corp DE purchased a new position in Cisco Systems in the second quarter worth $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cisco Systems by 2.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider's stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cisco Systems during the 2nd quarter valued at $4,714,574,000. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CSCO shares. Wells Fargo & Company lifted their target price on Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Weiss Ratings restated a "buy (b)" rating on shares of Cisco Systems in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Cisco Systems in a report on Tuesday, September 1st. They set a "buy" rating and a $135.00 price objective for the company. Freedom Capital upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Finally, Zacks Research upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $128.52.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya Subaiya sold 5,832 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total value of $650,093.04. Following the sale, the executive vice president owned 128,382 shares of the company's stock, valued at $14,310,741.54. The trade was a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the sale, the executive vice president owned 165,276 shares in the company, valued at $18,586,938.96. The trade was a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded down $0.01 during trading on Monday, reaching $112.19. 5,702,146 shares of the stock traded hands, compared to its average volume of 22,512,555. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The stock has a market capitalization of $442.30 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 2.35 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $66.81 and a 52-week high of $130.37. The company has a 50-day moving average of $112.00 and a 200-day moving average of $106.64.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The company had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same quarter last year, the firm posted $0.99 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. 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. Analysts forecast that Cisco Systems, Inc. will post 4.41 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. Cisco Systems's dividend payout ratio (DPR) is presently 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco's portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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