Price T Rowe Associates Inc. MD Boosts Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Price T Rowe Associates Inc. increased its stake in Cisco Systems by 0.2%, owning approximately 17.2 million shares valued at over $1 billion after acquiring an additional 34,370 shares in the first quarter.
• Cisco recently reported earnings per share of $0.99 for the last quarter, surpassing analysts' expectations, and the company has increased its revenue by 7.6% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, with an ex-dividend date of October 3, representing an annualized yield of 2.4% and a dividend payout ratio of 62.6%.

Price T Rowe Associates Inc. MD lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,195,631 shares of the network equipment provider's stock after buying an additional 34,370 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.43% of Cisco Systems worth $1,061,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Cisco Systems by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after purchasing an additional 1,865,648 shares during the last quarter. Northern Trust Corp raised its position in Cisco Systems by 11.4% in the 4th quarter. Northern Trust Corp now owns 47,238,258 shares of the network equipment provider's stock valued at $2,796,505,000 after purchasing an additional 4,832,813 shares during the last quarter. Invesco Ltd. raised its position in Cisco Systems by 10.4% in the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after purchasing an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Cisco Systems by 37.4% in 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cisco Systems by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock valued at $2,159,099,000 after purchasing an additional 2,637,006 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In related news, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the sale, the chief financial officer directly owned 309,543 shares in the company, valued at $20,281,257.36. The trade was a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,118 shares of company stock worth $8,847,167. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $67.02 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The stock has a market cap of $265.40 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The firm's fifty day simple moving average is $68.13 and its 200-day simple moving average is $63.51.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the company posted $0.87 EPS. The business'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. Analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid 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 dividend yield of 2.4%. Cisco Systems's dividend payout ratio is 62.60%.

Analyst Ratings Changes

CSCO has been the subject of several research reports. Morgan Stanley upped their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wolfe Research began coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. KeyCorp began coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. Finally, New Street Research reissued a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.

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