Phoenix Financial Ltd. Purchases 96,463 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Phoenix Financial Ltd. increased its stake in Cisco Systems by 186.0%, acquiring an additional 96,463 shares during the second quarter, bringing its total holdings to 148,311 shares valued at approximately $10.3 million.
• Cisco reported $0.99 earnings per share (EPS) in its latest quarterly earnings, exceeding analysts' expectations, with a revenue of $14.67 billion, representing a year-over-year growth of 7.6%.
• The company has announced a quarterly dividend of $0.41 per share, which will be paid on October 22nd, reflecting an annualized yield of 2.3% and a payout ratio of 62.60%.

Phoenix Financial Ltd. lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 186.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,311 shares of the network equipment provider's stock after purchasing an additional 96,463 shares during the quarter. Phoenix Financial Ltd.'s holdings in Cisco Systems were worth $10,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Kingstone Capital Partners Texas LLC bought a new stake in shares of Cisco Systems during the 2nd quarter valued at approximately $904,542,000. Goldman Sachs Group Inc. grew its holdings in shares of Cisco Systems by 37.4% during the 1st 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 purchasing an additional 12,775,066 shares during the last quarter. Nuveen LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at approximately $750,495,000. Pacer Advisors Inc. grew its holdings in shares of Cisco Systems by 1,144.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after purchasing an additional 7,468,212 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Up 0.7%

Shares of NASDAQ CSCO opened at $70.65 on Tuesday. The company has a market capitalization of $279.29 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company's 50 day moving average price is $68.20 and its 200-day moving average price is $65.31.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for 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%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities 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 declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's payout ratio is 62.60%.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,965 shares of company stock worth $5,559,996. Company insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. Piper Sandler lifted their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $74.72.

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.

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