Affinity Investment Advisors LLC Has $1.44 Million Stake in Cisco Systems, Inc. $CSCO

Key Points

• Affinity Investment Advisors LLC increased its stake in Cisco Systems by 100% in Q1, now holding 23,360 shares worth approximately $1.44 million.
• Multiple analysts have raised their price targets for Cisco Systems, with Bank of America setting a new target of $85.00 and a general consensus rating of "Moderate Buy".
• Cisco Systems has declared a quarterly dividend of $0.41 per share, with a payout date of October 22nd and an annualized yield of 2.5%.

Affinity Investment Advisors LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 100.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,360 shares of the network equipment provider's stock after buying an additional 11,681 shares during the quarter. Cisco Systems makes up about 1.2% of Affinity Investment Advisors LLC's holdings, making the stock its 25th biggest position. Affinity Investment Advisors LLC's holdings in Cisco Systems were worth $1,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Goldman Sachs Group Inc. grew 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 valued at $2,898,722,000 after buying an additional 12,775,066 shares during the last quarter. Nuveen LLC bought a new stake in Cisco Systems in the 1st quarter valued at $750,495,000. Pacer Advisors Inc. boosted its holdings in Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after purchasing an additional 7,468,212 shares during the period. Alyeska Investment Group L.P. bought a new stake in Cisco Systems in the 4th quarter valued at $413,491,000. Finally, GAMMA Investing LLC boosted its holdings in Cisco Systems by 7,096.5% in the 1st quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after purchasing an additional 6,625,045 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,607 shares of company stock worth $8,345,132. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO stock traded up $0.3410 during trading on Wednesday, hitting $67.1010. 11,123,531 shares of the stock traded hands, compared to its average volume of 21,554,172. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The stock has a market cap of $265.72 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.87 and a beta of 0.91. The company has a 50 day simple moving average of $68.04 and a 200 day simple moving average of $63.44. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

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 (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 the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. KeyCorp started coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. UBS Group raised their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Company 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.