Ramirez Asset Management Inc. Acquires 18,800 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Ramirez Asset Management Inc. increased its stake in Cisco Systems by 177.2%, acquiring an additional 18,800 shares during the second quarter, bringing its total holdings to 29,407 shares valued at approximately $2,040,000.
• Cisco Systems reported a 7.6% year-over-year increase in revenue to $14.67 billion for the recent quarter and exceeded earnings per share expectations by $0.01, posting $0.99 EPS.
• The company declared a quarterly dividend of $0.41 per share, representing an annualized dividend of $1.64 and a yield of 2.3%, to be paid on October 22nd.

Ramirez Asset Management Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 177.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,407 shares of the network equipment provider's stock after buying an additional 18,800 shares during the period. Ramirez Asset Management Inc.'s holdings in Cisco Systems were worth $2,040,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CSCO. Kingstone Capital Partners Texas LLC bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $904,542,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 buying an additional 12,775,066 shares in the last quarter. Nuveen LLC bought a new stake in shares of Cisco Systems in the 1st quarter valued at about $750,495,000. Pacer Advisors Inc. boosted its holdings in shares of Cisco Systems by 1,144.2% in 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 buying an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Cisco Systems by 255.9% in 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 buying an additional 5,622,672 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Down 0.5%

Shares of CSCO opened at $69.96 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average is $68.22 and its two-hundred day moving average is $64.81. The stock has a market cap of $276.57 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The firm's quarterly revenue 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems's payout ratio is presently 62.60%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Morgan Stanley lifted their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. CICC Research started 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. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 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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