Sciencast Management LP Invests $3.56 Million in Cisco Systems, Inc. $CSCO

Key Points

• Sciencast Management LP acquired a new stake in Cisco Systems, investing approximately $3.56 million for 57,711 shares, making it the 24th largest holding in their portfolio.
• Wall Street analysts have a moderate buy average rating for Cisco, with target prices ranging from $69.00 to $83.00, reflecting positive sentiment about the stock's potential.
• Cisco Systems will pay a quarterly dividend of $0.41 on October 22, with an annualized yield of 2.5%, highlighting its commitment to returning value to shareholders.

Sciencast Management LP purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 57,711 shares of the network equipment provider's stock, valued at approximately $3,561,000. Cisco Systems makes up about 0.8% of Sciencast Management LP's investment portfolio, making the stock its 24th largest position.

A number of other large investors also recently made changes to their positions in CSCO. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems during the fourth quarter valued at about $26,000. JDM Financial Group LLC increased its holdings in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in Cisco Systems during the first quarter worth about $31,000. Fairway Wealth LLC increased its holdings in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Cisco Systems during the first quarter worth about $36,000. 73.33% of the stock is owned by institutional investors.

Insider Activity at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 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 transaction of $651,547.80. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,142 shares of company stock valued at $5,713,929 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on CSCO. Wells Fargo & Company raised their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Evercore ISI raised their price objective 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. New Street Research restated a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. Citigroup raised their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. 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. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Performance

Shares of CSCO traded up $0.79 during trading hours on Wednesday, hitting $68.13. The company's stock had a trading volume of 14,682,375 shares, compared to its average volume of 21,123,303. The business has a 50 day simple moving average of $68.35 and a two-hundred day simple moving average of $63.92. The company has a market cap of $269.33 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.81 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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 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 quarter in the previous year, the company earned $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. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors 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 annualized dividend and a yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

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.