VectorGlobal IAG Inc. Invests $1.13 Million in Cisco Systems, Inc. $CSCO

Key Points

• VectorGlobal IAG acquired 14,544 Cisco shares worth approximately $1.13 million in the first quarter. Institutional investors and hedge funds collectively own 73.33% of Cisco’s outstanding stock.
• Analysts remain broadly positive, with Cisco receiving a “Moderate Buy” consensus rating and an average price target of $123.14; several firms recently raised their targets.
• Cisco exceeded quarterly expectations with adjusted earnings of $1.06 per share and revenue of $15.84 billion, up 12% year over year. The company also maintains a quarterly dividend of $0.42 per share, yielding about 1.4% annually.

VectorGlobal IAG Inc. acquired a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,544 shares of the network equipment provider's stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in 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 acquiring an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after purchasing an additional 2,474 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Cisco Systems by 7.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,178 shares of the network equipment provider's stock valued at $706,000 after purchasing an additional 712 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Cisco Systems by 3.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 13,974 shares of the network equipment provider's stock valued at $969,000 after purchasing an additional 519 shares during the period. Finally, Marshall Wace LLP lifted its stake in Cisco Systems by 118.1% in the 2nd quarter. Marshall Wace LLP now owns 90,650 shares of the network equipment provider's stock valued at $6,289,000 after purchasing an additional 590,650 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Evercore lifted their price target on Cisco Systems from $110.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 14th. Piper Sandler boosted their target price on Cisco Systems from $86.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Zacks Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Barclays increased their price target on Cisco Systems from $76.00 to $121.00 and gave the company an "equal weight" rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $95.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.14.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $115.99 on Monday. Cisco Systems, Inc. has a 12-month low of $65.75 and a 12-month high of $130.37. The business has a 50 day moving average of $117.66 and a 200-day moving average of $96.11. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $457.17 billion, a PE ratio of 37.66, a P/E/G ratio of 2.95 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.54 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, July 6th. Cisco Systems's payout ratio is presently 54.55%.

Insiders Place Their Bets

In related news, insider Jeetendra I. Patel sold 7,169 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.28, for a total value of $840,780.32. Following the transaction, the insider directly owned 246,737 shares in the company, valued at approximately $28,937,315.36. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.31, for a total transaction of $772,603.66. Following the completion of the sale, the executive vice president directly owned 177,223 shares of the company's stock, valued at $20,790,030.13. This represents a 3.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock valued at $5,668,823 in the last three months. Insiders own 0.01% of the company's stock.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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