Jackson Square Capital LLC Acquires 14,874 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Jackson Square Capital LLC increased its stake in Cisco Systems by 42.2%, acquiring an additional 14,874 shares, bringing its total holdings to 50,150 shares valued at approximately $3.48 million.
• Cisco Systems reported earnings of $0.99 per share, surpassing analyst expectations, with a revenue of $14.67 billion for the latest quarter, reflecting a 7.6% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.41 per share, set to be paid on October 22nd, which translates to an annualized yield of 2.4%.

Jackson Square Capital LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 42.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,150 shares of the network equipment provider's stock after acquiring an additional 14,874 shares during the period. Jackson Square Capital LLC's holdings in Cisco Systems were worth $3,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $26,000. JDM Financial Group LLC lifted its stake in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems in the 1st quarter valued at about $31,000. Nova Wealth Management Inc. bought a new stake in shares of Cisco Systems in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC lifted its stake in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CSCO shares. KeyCorp started coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Piper Sandler upped their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Finally, UBS Group upped their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling at Cisco Systems

In other news, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the transaction, the senior vice president owned 30,619 shares in the company, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares of the company's stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,439 shares of company stock valued at $4,369,104. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Down 0.7%

CSCO traded down $0.47 during trading on Friday, hitting $68.21. 47,786,669 shares of the company's stock traded hands, compared to its average volume of 15,962,866. The company's 50 day simple moving average is $68.14 and its two-hundred day simple moving average is $64.13. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12-month low of $51.42 and a 12-month high of $72.55. The stock has a market capitalization of $269.65 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.89 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business 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. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. 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 2.4%. Cisco Systems's dividend payout ratio (DPR) 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.