Cisco Systems, Inc. $CSCO Stock Position Lifted by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Cisco Systems by 53.3%, owning 77,234 shares valued at approximately $5.36 million as of the latest SEC reports.
• Insider sales included Jeetendra I. Patel and CEO Charles Robbins, who sold shares worth over $2.6 million combined, representing decreases of 3.68% and 4.56% in their respective holdings.
• Analysts have raised Cisco's target stock prices, with Evercore ISI increasing their target from $72 to $74 and Deutsche Bank upgrading from "hold" to "buy" with a target of $73.

Shell Asset Management Co. boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 53.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,234 shares of the network equipment provider's stock after purchasing an additional 26,840 shares during the period. Shell Asset Management Co.'s holdings in Cisco Systems were worth $5,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSCO. Kingstone Capital Partners Texas LLC purchased a new position in Cisco Systems during the second quarter valued at approximately $904,542,000. Goldman Sachs Group Inc. grew its position 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 worth $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC bought a new stake in Cisco Systems in the first quarter worth approximately $750,495,000. Pacer Advisors Inc. grew its position in 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 acquiring an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after acquiring an additional 5,622,672 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CSCO. Evercore ISI boosted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. CICC Research began coverage on shares of Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Barclays upped their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $68.91 on Tuesday. The stock has a market cap of $272.42 billion, a P/E ratio of 26.30, a PEG ratio of 2.85 and a beta of 0.97. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a fifty day moving average price of $68.12 and a 200 day moving average price of $64.68. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company 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. Analysts anticipate 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. Stockholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio is currently 62.60%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.