Miller Howard Investments Inc. NY Reduces Position in Cisco Systems, Inc. $CSCO

Miller Howard Investments Inc. NY reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 53.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 574,087 shares of the network equipment provider’s stock after selling 660,205 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Cisco Systems were worth $44,543,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CSCO. Intesa Sanpaolo Wealth Management bought a new position in shares of Cisco Systems during the fourth quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Cisco Systems during the 4th quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in Cisco Systems during the 4th quarter valued at $29,000. EQ Wealth Advisors LLC bought a new position in Cisco Systems in the 4th quarter valued at $31,000. Finally, Board of the Pension Protection Fund bought a new position in Cisco Systems in the 4th quarter valued at $31,000. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the subject of several research analyst reports. Citic Securities lifted their target price on Cisco Systems from $90.00 to $130.00 in a research report on Friday, May 15th. Zacks Research cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $77.00 to $137.00 in a research note on Friday, May 15th. Barclays boosted their price objective on shares of Cisco Systems from $76.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, UBS Group raised their target price on shares of Cisco Systems from $95.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $122.90.

Cisco Systems Price Performance

CSCO opened at $121.15 on Wednesday. Cisco Systems, Inc. has a 12-month low of $65.75 and a 12-month high of $130.37. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $107.69 and its 200-day simple moving average is $88.71. The company has a market capitalization of $477.51 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 3.10 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. 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. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be issued a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. Cisco Systems’s payout ratio is currently 54.55%.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 7,127 shares of Cisco Systems stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total transaction of $854,598.57. Following the transaction, the executive vice president directly owned 140,857 shares of the company’s stock, valued at $16,890,162.87. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $117.28, for a total transaction of $840,780.32. Following the completion of the transaction, the insider directly owned 246,737 shares of the company’s stock, valued at $28,937,315.36. This trade represents a 2.82% 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. In the last 90 days, insiders have sold 47,650 shares of company stock worth $5,668,823. 0.01% of the stock is owned by corporate insiders.

More Cisco Systems News

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

• Positive Sentiment: The U.S. Supreme Court ended a long-running lawsuit accusing Cisco of aiding China’s persecution of Falun Gong members, removing a legal overhang and reducing the risk of potential liability. US Supreme Court ends suit alleging Cisco helped China pursue Falun Gong
• Positive Sentiment: News flow is also highlighting Cisco’s push into AI infrastructure, including its Secure AI Factory efforts and quantum networking bets, which could strengthen its growth narrative with enterprise customers. How Cisco’s Secure AI Factory and Quantum Networking Bets Could Reshape the Cisco Systems (CSCO) Narrative
• Positive Sentiment: Cisco is also being discussed as a beneficiary of broader AI networking demand, with reports noting its collaboration activity alongside Nvidia and Equinix as enterprises upgrade data center and security infrastructure. Nvidia’s Network Ambitions Could Lift Telecom
• Neutral Sentiment: Several additional articles are keeping Cisco in focus, but they are mostly commentary pieces or general stock-interest items rather than new material business developments.

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.