Pacer Advisors Inc. Has $77.57 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Pacer Advisors cut its Cisco Systems stake by 84.3% in the fourth quarter, leaving it with 1,007,026 shares valued at about $77.6 million.
• Cisco reported strong quarterly results, with EPS of $1.06 and revenue of $15.84 billion, both ahead of expectations, while revenue rose 12% year over year.
• The company also announced a quarterly dividend of $0.42 per share and has seen multiple analysts raise price targets, with consensus still leaning to a Moderate Buy rating.

Pacer Advisors Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 84.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,007,026 shares of the network equipment provider's stock after selling 5,409,420 shares during the quarter. Pacer Advisors Inc.'s holdings in Cisco Systems were worth $77,571,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors lifted its holdings in Cisco Systems by 15.4% during the fourth quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock worth $13,905,000 after acquiring an additional 26,455 shares in the last quarter. WCG Wealth Advisors LLC increased its holdings in shares of Cisco Systems by 101.8% in the fourth quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider's stock worth $8,266,000 after acquiring an additional 54,141 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Cisco Systems by 47.1% during the fourth quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider's stock worth $15,432,000 after purchasing an additional 64,144 shares during the period. Truist Financial Corp lifted its holdings in shares of Cisco Systems by 6.8% during the 4th quarter. Truist Financial Corp now owns 4,311,098 shares of the network equipment provider's stock valued at $332,084,000 after purchasing an additional 275,456 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Cisco Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,873,274 shares of the network equipment provider's stock valued at $375,388,000 after purchasing an additional 151,395 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity

In related news, EVP Oliver Tuszik sold 2,607 shares of Cisco Systems stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $121.12, for a total value of $315,759.84. Following the sale, the executive vice president owned 172,727 shares of the company's stock, valued at approximately $20,920,694.24. The trade was a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,400 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $120.03, for a total value of $2,568,642.00. Following the transaction, the chief executive officer directly owned 637,085 shares of the company's stock, valued at $76,469,312.55. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 47,650 shares of company stock worth $5,668,823. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Up 1.9%

NASDAQ:CSCO opened at $119.54 on Friday. The company has a market cap of $471.16 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 2.99 and a beta of 1.01. Cisco Systems, Inc. has a twelve month low of $65.72 and a twelve month high of $130.37. The business has a 50 day moving average price of $105.43 and a two-hundred day moving average price of $87.78. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, analysts expect that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems's payout ratio is presently 54.55%.

Key Stories Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Cisco is being highlighted by Zacks and other market coverage as a beneficiary of the AI infrastructure buildout, with demand for networking gear and enterprise AI adoption supporting the bullish case for the stock. Why Cisco Systems (CSCO) Outpaced the Stock Market Today
• Positive Sentiment: Rhino Networks’ comments on Cisco’s unified networking strategy for SMBs reinforced the idea that Cisco’s Meraki and traditional networking portfolios are converging into a stronger, more compelling platform for customers modernizing their networks. Todd Carriker, CEO of Rhino Networks, Addresses Cisco's Unified Networking Strategy for SMB Market
• Positive Sentiment: Equinix expanded partnerships with Cisco and NVIDIA to accelerate enterprise AI adoption, which may signal growing ecosystem demand for Cisco’s networking and data-center products. Equinix Strengthens AI Infrastructure With Cisco & NVIDIA Partnerships
• Positive Sentiment: Cisco was also included in bullish “blue-chip stocks to buy” coverage, adding to the constructive tone around the name and supporting investor interest. Dow Achieves a New Milestone: 4 Blue-Chip Stocks to Buy

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSCO. Truist Financial began coverage on Cisco Systems in a research note on Tuesday, March 31st. They set a "buy" rating and a $94.00 target price for the company. Argus lifted their price target on shares of Cisco Systems from $100.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, May 19th. UBS Group upped their price target on shares of Cisco Systems from $95.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, May 14th. HSBC raised shares of Cisco Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $77.00 to $137.00 in a research report on Friday, May 15th. Finally, Morgan Stanley boosted their price objective on shares of Cisco Systems from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $122.90.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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