CTC Alternative Strategies Ltd. Invests $503,000 in Cisco Systems, Inc. $CSCO

Key Points

• CTC Alternative Strategies Ltd. acquired 8,150 shares of Cisco Systems, Inc. valued at approximately $503,000, indicating continued institutional interest in the company.
• Multiple analysts upgraded their price targets for Cisco Systems, with Bank of America raising its target from $76.00 to $85.00, reflecting positive sentiment around the stock.
• Cisco Systems announced a quarterly dividend of $0.41 per share, representing a 2.5% yield, with the ex-dividend date set for October 3rd.

CTC Alternative Strategies Ltd. acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,150 shares of the network equipment provider's stock, valued at approximately $503,000.

Several other institutional investors have also recently made changes to their positions in CSCO. Kornitzer Capital Management Inc. KS grew its position in shares of Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after purchasing an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after purchasing an additional 612 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock worth $249,180,000 after purchasing an additional 904,548 shares in the last quarter. Investment Management Corp of Ontario grew its position in shares of Cisco Systems by 44.6% during the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock worth $11,454,000 after purchasing an additional 59,680 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Cisco Systems by 2.6% during the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after purchasing an additional 2,839 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. New Street Research restated a "neutral" rating and set a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. UBS Group raised their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Bank of America raised their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insiders Place Their Bets

In other news, SVP Maria Victoria Wong sold 3,162 shares of Cisco Systems stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the sale, the senior vice president owned 31,468 shares in the company, valued at approximately $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,142 shares of company stock valued at $5,713,929. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Up 1.2%

Shares of CSCO traded up $0.79 during midday trading on Wednesday, hitting $68.13. 14,643,264 shares of the stock were exchanged, compared to its average volume of 21,100,904. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The stock has a fifty day simple moving average of $68.35 and a 200 day simple moving average of $63.92. The firm has a market cap of $269.33 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the business posted $0.87 earnings per share. The company's quarterly revenue 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. On average, research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business 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. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

About Cisco Systems

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.