Bleakley Financial Group LLC Grows Stock Holdings in Cisco Systems, Inc. $CSCO

Bleakley Financial Group LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,096 shares of the network equipment provider’s stock after purchasing an additional 14,952 shares during the quarter. Bleakley Financial Group LLC’s holdings in Cisco Systems were worth $14,181,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cary Street Partners Financial LLC raised its stake in shares of Cisco Systems by 1.5% in the fourth quarter. Cary Street Partners Financial LLC now owns 246,385 shares of the network equipment provider’s stock valued at $18,979,000 after acquiring an additional 3,685 shares during the period. Wellington Shields & Co. LLC raised its stake in shares of Cisco Systems by 1.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 25,510 shares of the network equipment provider’s stock valued at $1,965,000 after acquiring an additional 300 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in shares of Cisco Systems by 54.2% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,075 shares of the network equipment provider’s stock valued at $83,000 after acquiring an additional 378 shares during the period. GatePass Capital LLC raised its stake in shares of Cisco Systems by 11.3% in the fourth quarter. GatePass Capital LLC now owns 4,673 shares of the network equipment provider’s stock valued at $360,000 after acquiring an additional 474 shares during the period. Finally, Fidelity D & D Bancorp Inc. purchased a new stake in shares of Cisco Systems in the fourth quarter valued at $235,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

CSCO stock opened at $120.41 on Tuesday. The company has a market capitalization of $474.59 billion, a PE ratio of 39.09, a P/E/G ratio of 3.66 and a beta of 0.92. Cisco Systems, Inc. has a 12 month low of $62.30 and a 12 month high of $120.79. The firm’s 50-day moving average is $90.19 and its 200 day moving average is $81.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. 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, research analysts anticipate that Cisco Systems, Inc. will post 3.44 EPS for the current year.

Cisco Systems Dividend Announcement

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

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $77.07, for a total transaction of $134,410.08. Following the transaction, the executive vice president directly owned 156,693 shares in the company, valued at $12,076,329.51. This represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 7,169 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $117.28, for a total transaction of $840,780.32. Following the transaction, the insider owned 246,737 shares in the company, valued at approximately $28,937,315.36. The trade was a 2.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,924 shares of company stock worth $2,991,192 over the last quarter. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane increased their target price on shares of Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Cisco Systems in a research note on Thursday, February 12th. Truist Financial assumed coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a “buy” rating and a $94.00 target price on the stock. Citic Securities raised their price target on shares of Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Finally, New Street Research raised their price target on shares of Cisco Systems from $82.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.14.

Cisco Systems 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.