QRG Capital Management Inc. Increases Stake in Cisco Systems, Inc. $CSCO

Key Points

• QRG Capital Management Inc. increased its stake in Cisco Systems, owning over 1 million shares after a 17.9% increase during the second quarter, valued at approximately $70 million.
• Several hedge funds, including Goldman Sachs and Pacer Advisors Inc., have significantly increased their holdings in Cisco, with 73.33% of the stock now held by institutional investors.
• Cisco recently reported a $0.99 EPS for the last quarter, topping analyst estimates, with an annualized dividend yield of 2.4% planned to be paid on October 22nd.

QRG Capital Management Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,010,544 shares of the network equipment provider's stock after acquiring an additional 153,543 shares during the quarter. Cisco Systems comprises about 0.6% of QRG Capital Management Inc.'s portfolio, making the stock its 21st largest position. QRG Capital Management Inc.'s holdings in Cisco Systems were worth $70,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSCO. Kingstone Capital Partners Texas LLC bought a new position in shares of Cisco Systems in the second quarter worth about $904,542,000. Goldman Sachs Group Inc. grew its holdings in shares of 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 worth $2,898,722,000 after purchasing an additional 12,775,066 shares during the last quarter. Nuveen LLC bought a new position in shares of Cisco Systems in the first quarter worth about $750,495,000. Pacer Advisors Inc. grew its holdings in shares of 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 worth $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% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the firm'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 transaction of $29,211.00. Following the completion of the transaction, the senior vice president directly owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares of the company's stock, valued at $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last ninety days. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Down 0.6%

CSCO stock opened at $67.92 on Friday. The firm has a 50 day moving average of $68.10 and a 200 day moving average of $64.57. The stock has a market capitalization of $268.50 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.87 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Piper Sandler increased their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Barclays increased their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

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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