Cisco Systems Inc. Acquires Shares of 9,898 Rubrik, Inc. $RBRK

Key Points

• Cisco Systems Inc. has made a new investment of approximately $887,000 in Rubrik, Inc., acquiring 9,898 shares, which now makes Rubrik 0.2% of Cisco's investment portfolio.
• Rubrik reported a revenue increase of 44.9% year-over-year, with quarterly earnings of ($0.03) per share, surpassing analysts' expectations.
• Sixteen analysts rate Rubrik’s stock as a Buy, with an average price target of $104.38, indicating strong market confidence in its future performance.

Cisco Systems Inc. acquired a new position in shares of Rubrik, Inc. (NYSE:RBRK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,898 shares of the company's stock, valued at approximately $887,000. Rubrik makes up approximately 0.2% of Cisco Systems Inc.'s portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Rubrik by 9.7% during the first quarter. Vanguard Group Inc. now owns 6,945,101 shares of the company's stock worth $423,512,000 after acquiring an additional 616,917 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Rubrik by 15.0% during the first quarter. Voya Investment Management LLC now owns 2,247,210 shares of the company's stock worth $137,035,000 after acquiring an additional 293,275 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Rubrik by 13.4% during the first quarter. Penserra Capital Management LLC now owns 1,006,111 shares of the company's stock worth $61,352,000 after acquiring an additional 119,258 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rubrik by 33.5% during the first quarter. Goldman Sachs Group Inc. now owns 940,351 shares of the company's stock worth $57,343,000 after acquiring an additional 236,181 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Rubrik by 186.8% during the first quarter. BNP Paribas Financial Markets now owns 899,853 shares of the company's stock worth $54,873,000 after acquiring an additional 586,088 shares in the last quarter. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Enrique T. Salem sold 21,924 shares of Rubrik stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $89.78, for a total value of $1,968,336.72. Following the transaction, the director directly owned 6,937 shares in the company, valued at approximately $622,803.86. The trade was a 75.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Brian K. Mccarthy sold 25,000 shares of Rubrik stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the sale, the executive directly owned 431,052 shares in the company, valued at approximately $37,057,540.44. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 210,858 shares of company stock valued at $17,780,477 in the last ninety days. Company insiders own 32.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RBRK. Guggenheim increased their price objective on Rubrik from $105.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company raised their target price on Rubrik from $80.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, June 6th. KeyCorp raised their target price on Rubrik from $113.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. UBS Group restated a "buy" rating on shares of Rubrik in a report on Friday, June 6th. Finally, Barclays raised their target price on Rubrik from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.38.

Rubrik Stock Performance

Shares of Rubrik stock traded up $2.37 during trading on Friday, reaching $80.39. The company's stock had a trading volume of 10,098,419 shares, compared to its average volume of 4,753,439. The business's fifty day moving average price is $86.46 and its 200-day moving average price is $80.05. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of -34.35 and a beta of 0.43. Rubrik, Inc. has a one year low of $30.35 and a one year high of $103.00.

Rubrik (NYSE:RBRK - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.31. The business had revenue of $309.86 million during the quarter, compared to the consensus estimate of $282.25 million. The company's revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. Rubrik has set its Q3 2026 guidance at -0.180--0.160 EPS. FY 2026 guidance at -0.500--0.440 EPS. Sell-side analysts anticipate that Rubrik, Inc. will post -7.66 EPS for the current year.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.