Cisco Systems, Inc. $CSCO Stake Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC significantly increased its stake in Cisco Systems by 72.5%, owning over 1.5 million shares, making it the company's 10th largest position.
• Several institutional investors have also boosted their holdings in Cisco, with the Manufacturers Life Insurance Company increasing its share by 36.4% and the Canada Pension Plan Investment Board by 39.5% during the first quarter.
• Cisco reported a second-quarter earnings per share of $0.99, exceeding analyst estimates, while also announcing a quarterly dividend of $0.41 per share set for distribution on October 22nd.

Vident Advisory LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 72.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,535,245 shares of the network equipment provider's stock after purchasing an additional 645,115 shares during the quarter. Cisco Systems accounts for approximately 1.4% of Vident Advisory LLC's portfolio, making the stock its 10th largest position. Vident Advisory LLC's holdings in Cisco Systems were worth $94,741,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems in the 4th quarter worth about $26,000. JDM Financial Group LLC increased its holdings in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth approximately $31,000. Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Cisco Systems during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total value of $571,902.04. Following the completion of the sale, the executive vice president owned 174,669 shares of the company's stock, valued at approximately $11,447,806.26. This trade represents a 4.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the completion of the sale, the chief financial officer owned 309,543 shares in the company, valued at $20,281,257.36. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,095 shares of company stock worth $7,841,167 in the last three months. Corporate insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CSCO shares. William Blair upgraded Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Bank of America increased their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. Finally, KeyCorp assumed coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Performance

CSCO traded down $0.34 during midday trading on Friday, reaching $69.09. The company had a trading volume of 14,952,208 shares, compared to its average volume of 22,683,924. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The business has a 50-day moving average price of $68.47 and a two-hundred day moving average price of $63.77. The stock has a market cap of $273.60 billion, a PE ratio of 26.37, a P/E/G ratio of 2.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly 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 27.02%. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the business posted $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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, sell-side 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 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

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.