Concentric Capital Strategies LP Makes New Investment in Cisco Systems, Inc. $CSCO

Key Points

• Concentric Capital Strategies LP acquired 126,949 shares of Cisco Systems, Inc. valued at approximately $7.83 million, representing 0.7% of its portfolio and making it the 23rd largest position.
• A number of analysts have rated Cisco with a consensus rating of "Moderate Buy," with price targets ranging between $70.00 to $85.00 from various research firms.
• Cisco Systems recently announced a quarterly dividend of $0.41 per share, yielding 2.4%, payable on October 22nd, with a record date of October 3rd.

Concentric Capital Strategies LP purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 126,949 shares of the network equipment provider's stock, valued at approximately $7,834,000. Cisco Systems comprises 0.7% of Concentric Capital Strategies LP's investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems during the 4th quarter valued at about $26,000. JDM Financial Group LLC lifted its holdings in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems during the 1st quarter valued at about $31,000. Fairway Wealth LLC lifted its holdings in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC bought a new position in Cisco Systems during the 1st quarter valued at about $36,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Down 1.6%

NASDAQ CSCO traded down $1.09 during trading on Friday, reaching $66.90. 21,048,179 shares of the stock traded hands, compared to its average volume of 20,822,246. The firm has a market cap of $264.47 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The stock's 50-day moving average price is $68.44 and its 200 day moving average price is $63.88. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. Cisco Systems's payout ratio is presently 62.60%.

Analyst Upgrades and Downgrades

CSCO has been the subject of several analyst reports. New Street Research reissued a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Citigroup lifted their price target on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, May 15th. 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 note on Monday, June 16th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Barclays boosted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the completion of the sale, the chief financial officer directly owned 309,543 shares in the company, valued at approximately $20,281,257.36. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is currently owned by insiders.

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.