Woodline Partners LP Boosts Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Woodline Partners LP increased its stock position in Cisco Systems, Inc. by 23.3%, now holding over 1 million shares worth approximately $66.9 million.
• Cisco Systems reported quarterly earnings of $0.99 EPS, exceeding analyst expectations, with revenues of $14.67 billion, up 7.6% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, representing an annualized yield of 2.5%, with the payment date set for October 22nd.

Woodline Partners LP boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,084,181 shares of the network equipment provider's stock after purchasing an additional 204,527 shares during the quarter. Woodline Partners LP's holdings in Cisco Systems were worth $66,905,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in Cisco Systems in the first quarter valued at approximately $750,495,000. Pacer Advisors Inc. grew its holdings in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after purchasing an additional 7,468,212 shares during the last quarter. GAMMA Investing LLC grew its holdings in Cisco Systems by 7,096.5% in the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $66.88 on Tuesday. Cisco Systems, Inc. has a 52 week low of $47.85 and a 52 week high of $72.55. The business's 50 day moving average price is $68.39 and its 200 day moving average price is $63.90. 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 firm has a market cap of $264.39 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.81 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced 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 business 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 business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared 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. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,311 shares of company stock worth $5,916,823. Insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. CICC Research started coverage on Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. Morgan Stanley raised their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems 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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