Cisco Systems, Inc. $CSCO Shares Acquired by Nearwater Capital Markets Ltd

Key Points

• Nearwater Capital Markets Ltd increased its stake in Cisco Systems by 60.6%, owning 530,000 shares valued at approximately $32.7 million.
• Cisco reported earnings of $0.99 EPS for the last quarter, exceeding expectations, with revenue of $14.67 billion, up 7.6% from the previous year.
• The company has announced a quarterly dividend of $0.41 per share, which will be paid on October 22nd, marking a 2.4% yield.

Nearwater Capital Markets Ltd lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 60.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 530,000 shares of the network equipment provider's stock after purchasing an additional 200,000 shares during the quarter. Cisco Systems comprises 0.9% of Nearwater Capital Markets Ltd's portfolio, making the stock its 24th biggest holding. Nearwater Capital Markets Ltd's holdings in Cisco Systems were worth $32,706,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in Cisco Systems in the fourth quarter worth about $26,000. JDM Financial Group LLC raised its holdings in shares of 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 period. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the 1st quarter worth approximately $31,000. Fairway Wealth LLC lifted its stake in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter valued at $36,000. Institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group increased their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $73.00 in a report on Monday, June 16th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. CICC Research initiated coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Down 0.0%

Shares of NASDAQ CSCO traded down $0.02 during midday trading on Monday, reaching $66.88. 14,020,977 shares of the company's stock traded hands, compared to its average volume of 21,216,658. The company has a market cap of $264.39 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.81 and a beta of 0.99. The stock's 50 day simple moving average is $68.44 and its 200-day simple moving average is $63.88. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a one year low of $47.85 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company 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 27.06%. Cisco Systems's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. 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, analysts predict 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. Investors of record on Friday, October 3rd will be given 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 2.5%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total value of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares of the company's stock, valued at $11,447,806.26. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,311 shares of company stock valued at $5,916,823 over the last three months. Corporate insiders own 0.01% of the company's stock.

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.