Panagora Asset Management Inc. Boosts Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Panagora Asset Management Inc. increased its stake in Cisco Systems by 9.1%, acquiring a total of 77,845 shares, which were valued at approximately $4.8 million.
• Multiple hedge funds, including Goldman Sachs and Vanguard, have also raised their positions in Cisco during the first quarter, with Goldman Sachs increasing its holdings by 37.4%.
• Cisco Systems announced a quarterly dividend of $0.41 per share, set to be paid on October 22nd, reflecting an annualized dividend of $1.64 and a yield of 2.4%.

Panagora Asset Management Inc. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,845 shares of the network equipment provider's stock after purchasing an additional 6,517 shares during the period. Panagora Asset Management Inc.'s holdings in Cisco Systems were worth $4,804,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Financial Group Inc. lifted its holdings in shares of Cisco Systems by 3.4% in the 4th quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after acquiring an additional 169 shares during the last quarter. Capital Advantage Inc. increased its stake in Cisco Systems by 1.0% in the 4th quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock worth $1,028,000 after buying an additional 172 shares during the period. Avalon Trust Co increased its stake in Cisco Systems by 5.4% in the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after buying an additional 177 shares during the period. Rossmore Private Capital increased its stake in Cisco Systems by 0.3% in the 1st quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after buying an additional 181 shares during the period. Finally, GSG Advisors LLC increased its stake in Cisco Systems by 4.8% in the 1st quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock worth $234,000 after buying an additional 183 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other news, CFO Richard Scott Herren sold 15,678 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the transaction, the chief financial officer directly owned 309,543 shares in the company, valued at approximately $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm'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 in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 0.6%

CSCO stock traded up $0.38 during midday trading on Thursday, reaching $68.05. 7,574,810 shares of the company were exchanged, compared to its average volume of 21,215,777. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The stock's 50-day simple moving average is $68.49 and its 200 day simple moving average is $63.85. The company has a market cap of $269.46 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.93 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm's revenue for the quarter 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, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. New Street Research reiterated a "neutral" rating and issued a $70.00 target price on shares of Cisco Systems in a research note on Friday, May 16th. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. UBS Group lifted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, KeyCorp began coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price for the company. One research 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 MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average price target of $74.53.

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.