TD Asset Management Inc Increases Holdings in Cisco Systems, Inc. $CSCO

Key Points

• TD Asset Management Inc increased its holdings in Cisco Systems by 0.2% during the second quarter, acquiring 7,537 additional shares, bringing its total to approximately 3.13 million shares valued at $217.4 million.
• Cisco reported earnings of $0.99 per share for the last quarter, exceeding analysts' expectations, and projected a FY 2026 guidance of 4.000-4.060 EPS.
• The company announced a quarterly dividend of $0.41 per share, representing a 2.4% yield, with the upcoming payment set for October 22nd.

TD Asset Management Inc lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,133,714 shares of the network equipment provider's stock after buying an additional 7,537 shares during the period. TD Asset Management Inc owned about 0.08% of Cisco Systems worth $217,417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSCO. Kornitzer Capital Management Inc. KS increased its stake in Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC increased its stake in Cisco Systems by 10.8% in the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after purchasing an additional 612 shares during the period. Shell Asset Management Co. increased its stake in Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after purchasing an additional 26,840 shares during the period. Acadian Asset Management LLC increased its stake in 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 worth $482,509,000 after purchasing an additional 5,622,672 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock worth $249,180,000 after purchasing an additional 904,548 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $67.46 on Tuesday. 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 company has a market cap of $266.68 billion, a PE ratio of 25.75, a P/E/G ratio of 2.86 and a beta of 0.97. The business has a 50 day moving average of $68.22 and a 200 day moving average of $64.95. 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 quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler lifted their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. HSBC reaffirmed a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, Morgan Stanley upped their target price on Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

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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