Maverick Capital Ltd. Makes New $48.42 Million Investment in Cisco Systems, Inc. $CSCO

Key Points

• Maverick Capital Ltd. invested approximately $48.42 million in Cisco Systems, acquiring 784,698 shares in the first quarter.
• Goldman Sachs Group Inc. increased its holdings in Cisco by 37.4%, and multiple other institutional investors also made significant adjustments to their positions during the same period.
• Cisco Systems announced a quarterly dividend of $0.41 per share, payable on October 22nd, translating to an annualized yield of 2.4%.

Maverick Capital Ltd. acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 784,698 shares of the network equipment provider's stock, valued at approximately $48,424,000.

Several other large investors have also added to or reduced their stakes in CSCO. Mpwm Advisory Solutions LLC purchased a new position in shares of Cisco Systems in the fourth quarter worth $26,000. JDM Financial Group LLC lifted its position in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying 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 increased its stake in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, Accent Capital Management LLC purchased a new stake in shares of Cisco Systems in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 0.2%

Shares of Cisco Systems stock traded down $0.13 during trading on Wednesday, hitting $67.67. 14,088,799 shares of the stock were exchanged, compared to its average volume of 21,496,462. The firm's 50-day moving average price is $68.50 and its 200 day moving average price is $63.83. The stock has a market cap of $267.97 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

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 for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The company's revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued 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 dividend yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Citigroup raised their target price on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. Finally, Barclays upped their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was 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 approximately $42,576,570. The trade was a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,095 shares of company stock worth $7,841,167. 0.01% of the stock is currently owned by insiders.

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.