Stonebridge Financial Group LLC MO Takes Position in Cisco Systems, Inc. $CSCO

Stonebridge Financial Group LLC MO purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,734 shares of the network equipment provider’s stock, valued at approximately $442,000.

A number of other institutional investors also recently modified their holdings of the company. Cairn Investment Group Inc. lifted its holdings in shares of Cisco Systems by 0.5% in the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock valued at $1,860,000 after purchasing an additional 130 shares in the last quarter. Juncture Wealth Strategies LLC lifted its holdings in shares of Cisco Systems by 0.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after purchasing an additional 132 shares in the last quarter. Northstar Advisory Group LLC lifted its holdings in shares of Cisco Systems by 1.6% in the fourth quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock valued at $632,000 after purchasing an additional 133 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in shares of Cisco Systems by 0.8% in the fourth quarter. Roman Butler Fullerton & Co. now owns 15,917 shares of the network equipment provider’s stock valued at $1,183,000 after purchasing an additional 133 shares in the last quarter. Finally, MMA Asset Management LLC lifted its holdings in shares of Cisco Systems by 2.3% in the fourth quarter. MMA Asset Management LLC now owns 6,167 shares of the network equipment provider’s stock valued at $475,000 after purchasing an additional 139 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Investors are betting Cisco will benefit from strong AI infrastructure demand, hyperscaler spending, and solid product orders, which could support another earnings beat and upbeat guidance. The Zacks Analyst Blog Cisco, Arista Networks, Dell and Hewlett
• Positive Sentiment: The company is approaching earnings with shares at or near all-time highs, reflecting strong momentum and continued investor confidence in the networking business. Cisco Q3 Preview: Stock Hits New Highs, Expert Asks ‘Can It Return To Those Parabolic ’90s Like Returns?’
• Positive Sentiment: AT&T’s launch of a Cisco-powered post-quantum security SD-WAN service highlights Cisco’s role in next-generation enterprise networking and cybersecurity. Can AT&T’s Cisco-Powered Quantum Security Network Drive Profits?
• Neutral Sentiment: JPMorgan raised its price target to $96, but that still sits below Cisco’s recent trading range, suggesting the market may already be pricing in a strong earnings outlook. JPMorgan Adjusts Price Target on Cisco Systems to 96 From 95
• Negative Sentiment: Some reports note the stock is the most overbought it has been since 2018, raising the risk of a pullback if earnings or guidance disappoint. Cisco stock at its most overbought since 2018 — and a top pro sees 25% upside
• Negative Sentiment: Traders are also bracing for a sizable post-earnings move, which signals elevated uncertainty around the upcoming results and forward outlook. How Much Is Cisco Stock Expected to Move After Earnings This Week?

Analyst Ratings Changes

A number of brokerages have recently commented on CSCO. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Cisco Systems in a report on Thursday, February 12th. Erste Group Bank lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Truist Financial assumed coverage on Cisco Systems in a report on Tuesday, March 31st. They set a “buy” rating and a $94.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.29.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $99.29 on Wednesday. The business’s 50 day moving average price is $83.48 and its two-hundred day moving average price is $79.14. The company has a market cap of $392.18 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 3.70 and a beta of 0.92. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Cisco Systems, Inc. has a twelve month low of $60.85 and a twelve month high of $99.93.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The firm had revenue of $15.35 billion for the quarter, compared to the consensus estimate of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, analysts predict that Cisco Systems, Inc. will post 3.42 EPS for the current year.

Insider Activity

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the transaction, the executive vice president owned 188,613 shares of the company’s stock, valued at $15,040,000.62. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total value of $634,489.50. Following the transaction, the executive vice president directly owned 187,097 shares in the company, valued at approximately $14,874,211.50. This trade represents a 4.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 46,431 shares of company stock valued at $3,574,820. 0.01% of the stock is owned by insiders.

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.