Patton Fund Management Inc. Acquires New Shares in Cisco Systems, Inc. $CSCO

Key Points

• Patton Fund Management Inc. acquired 3,884 shares in Cisco Systems, valued at approximately $269,000, during the 2nd quarter, indicating growing interest from institutional investors.
• Recent research reports show mixed analyst ratings for Cisco, with HSBC Global Research downgrading the stock to "hold," while JPMorgan Chase & Co. and Morgan Stanley have increased their price targets.
• Cisco Systems announced a quarterly dividend of $0.41 per share, reflecting its commitment to returning value to shareholders, with a dividend yield of 2.4%.

Patton Fund Management Inc. acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,884 shares of the network equipment provider's stock, valued at approximately $269,000.

Several other large investors have also bought and sold shares of CSCO. Kingstone Capital Partners Texas LLC acquired a new stake in Cisco Systems in the second quarter valued at about $904,542,000. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in Cisco Systems in the first quarter valued at about $750,495,000. Pacer Advisors Inc. boosted its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after purchasing an additional 6,625,045 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent research reports. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lifted their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley lifted their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. Finally, HSBC reissued a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Trading Down 0.9%

Shares of CSCO stock opened at $67.22 on Friday. The company has a market cap of $265.73 billion, a P/E ratio of 25.66, a PEG ratio of 2.82 and a beta of 0.99. The stock has a 50 day simple moving average of $68.12 and a two-hundred day simple moving average of $64.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Insider Activity

In other news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the sale, the senior vice president owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company's stock.

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.

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