Edgestream Partners L.P. Buys 45,938 Shares of Cisco Systems, Inc. $CSCO

Edgestream Partners L.P. grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 65.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,999 shares of the network equipment provider’s stock after purchasing an additional 45,938 shares during the period. Edgestream Partners L.P.’s holdings in Cisco Systems were worth $8,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in shares of Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after buying an additional 308 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in Cisco Systems during the 2nd quarter worth $28,000. Financial Connections Group Inc. increased its holdings in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the second quarter valued at about $32,000. Finally, Pandora Wealth Inc. acquired a new stake in shares of Cisco Systems during the first quarter valued at about $31,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cisco Systems news, CEO Charles Robbins sold 116,734 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total value of $9,023,538.20. Following the completion of the sale, the chief executive officer directly owned 704,153 shares of the company’s stock, valued at approximately $54,431,026.90. This represents a 14.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 56,038 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the transaction, the executive vice president directly owned 179,780 shares in the company, valued at approximately $14,082,167.40. This represents a 23.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,024,627 shares of company stock valued at $79,621,482 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CSCO has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Rosenblatt Securities upped their price target on shares of Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Citigroup lifted their price target on shares of Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Melius Research increased their price objective on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, William Blair raised Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Cisco Systems Trading Down 1.2%

CSCO opened at $76.04 on Tuesday. The stock has a market cap of $300.44 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.06. The company has a fifty day moving average of $71.87 and a 200-day moving average of $68.82.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Cisco Systems’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio is presently 61.65%.

Cisco Systems Company 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.