Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 773,172 shares of the network equipment provider's stock after purchasing an additional 22,783 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Cisco Systems were worth $53,643,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $26,000. PharVision Advisers LLC purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $325,000. Finally, Ames National Corp purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $865,000. Institutional investors and hedge funds own 73.33% of the company's stock.
Cisco Systems Stock Down 0.7%
NASDAQ:CSCO traded down $0.47 on Friday, reaching $68.21. The stock had a trading volume of 47,786,669 shares, compared to its average volume of 15,962,866. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $68.14 and a 200 day moving average of $64.13. The stock has a market cap of $269.65 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. Cisco Systems, Inc. has a 12-month low of $51.42 and a 12-month high of $72.55.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating 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%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.
Cisco Systems Dividend Announcement
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 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 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.
Insider Buying and Selling at Cisco Systems
In other news, SVP Maria Victoria Wong sold 3,162 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $67.28, for a total transaction of $212,739.36. Following the transaction, the senior vice president owned 31,468 shares of the company's stock, valued at approximately $2,117,167.04. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the 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 transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,439 shares of company stock valued at $4,369,104. Corporate insiders own 0.01% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on CSCO. Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. UBS Group lifted their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Morgan Stanley lifted their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.53.
Check Out Our Latest Report on Cisco Systems
Cisco Systems Company Profile
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Free Report)
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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