Hilton Capital Management LLC Purchases 27,536 Shares of Cisco Systems, Inc. $CSCO

Hilton Capital Management LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 35.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 104,328 shares of the network equipment provider’s stock after acquiring an additional 27,536 shares during the quarter. Hilton Capital Management LLC’s holdings in Cisco Systems were worth $7,238,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Humankind Investments LLC grew its stake in shares of Cisco Systems by 1.4% in the second quarter. Humankind Investments LLC now owns 89,160 shares of the network equipment provider’s stock worth $6,186,000 after purchasing an additional 1,227 shares during the last quarter. ICONIQ Capital LLC lifted its holdings in Cisco Systems by 26.1% during the 2nd quarter. ICONIQ Capital LLC now owns 23,921 shares of the network equipment provider’s stock worth $1,660,000 after buying an additional 4,949 shares during the period. IHT Wealth Management LLC grew its position in shares of Cisco Systems by 5.2% in the 2nd quarter. IHT Wealth Management LLC now owns 67,437 shares of the network equipment provider’s stock valued at $4,679,000 after buying an additional 3,340 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of Cisco Systems by 5.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 10,051 shares of the network equipment provider’s stock valued at $697,000 after buying an additional 551 shares during the last quarter. Finally, Game Creek Capital LP increased its stake in shares of Cisco Systems by 48.4% in the second quarter. Game Creek Capital LP now owns 53,250 shares of the network equipment provider’s stock valued at $3,694,000 after buying an additional 17,375 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 163,896 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the completion of the sale, the insider owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. This trade represents a 36.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total value of $4,389,456.54. Following the transaction, the executive vice president directly owned 179,780 shares in the company, valued at $14,082,167.40. The trade was a 23.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,021,910 shares of company stock valued at $79,463,804. 0.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Bank of America raised their price target on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, CICC Research upped their price target on shares of Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Cisco Systems Stock Down 1.9%

Cisco Systems stock opened at $77.80 on Friday. The company has a market capitalization of $307.40 billion, a PE ratio of 29.25, a PEG ratio of 3.00 and a beta of 0.87. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $80.82. The firm’s fifty day moving average is $73.77 and its 200 day moving average is $69.69. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be issued a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.1%. Cisco Systems’s dividend payout ratio is presently 61.65%.

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.