Cisco Systems, Inc. $CSCO Stock Bought by Focused Alpha LLC

Focused Alpha LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,305 shares of the network equipment provider’s stock after acquiring an additional 5,826 shares during the period. Focused Alpha LLC’s holdings in Cisco Systems were worth $2,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Eagle Wealth Advisors LLC boosted its position in shares of Cisco Systems by 2.9% during the 3rd quarter. Eagle Wealth Advisors LLC now owns 14,249 shares of the network equipment provider’s stock valued at $1,534,000 after acquiring an additional 403 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Cisco Systems by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 945,883 shares of the network equipment provider’s stock worth $101,805,000 after purchasing an additional 7,287 shares during the last quarter. Milestones Private Investment Advisors LLC increased its position in Cisco Systems by 9.6% during the third quarter. Milestones Private Investment Advisors LLC now owns 3,501 shares of the network equipment provider’s stock worth $377,000 after purchasing an additional 306 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its stake in Cisco Systems by 10.1% during the third quarter. Smithbridge Asset Management Inc. DE now owns 21,722 shares of the network equipment provider’s stock worth $2,338,000 after purchasing an additional 2,000 shares during the period. Finally, Retirement Planning Group LLC boosted its holdings in Cisco Systems by 4.3% in the 3rd quarter. Retirement Planning Group LLC now owns 14,704 shares of the network equipment provider’s stock valued at $1,583,000 after purchasing an additional 606 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CSCO. Wells Fargo & Company raised their target price on Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Morgan Stanley raised their price objective on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Zacks Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Finally, Piper Sandler decreased their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.52.

Insider Buying and Selling

In related news, EVP Oliver Tuszik sold 680 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the transaction, the executive vice president owned 163,337 shares in the company, valued at approximately $17,996,470.66. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the transaction, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. This trade represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 44,869 shares of company stock worth $5,005,620. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Down 0.8%

NASDAQ:CSCO opened at $106.50 on Tuesday. The firm has a market cap of $419.89 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. The stock has a fifty day moving average price of $111.06 and a 200 day moving average price of $109.30. Cisco Systems, Inc. has a 12-month low of $69.85 and a 12-month high of $130.37. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same quarter last year, the business posted $0.99 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. Cisco Systems’s dividend payout ratio is currently 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.