Equity Investment Corp Invests $402,000 in Cisco Systems, Inc. $CSCO

Equity Investment Corp purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,217 shares of the network equipment provider’s stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $29,000. Board of the Pension Protection Fund acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $31,000. Finally, Anfield Capital Management LLC increased its position in shares of Cisco Systems by 248.9% during the fourth quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider’s stock valued at $37,000 after purchasing an additional 346 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $121.83 on Friday. The business’s fifty day moving average price is $101.42 and its two-hundred day moving average price is $86.26. Cisco Systems, Inc. has a fifty-two week low of $63.93 and a fifty-two week high of $130.37. The stock has a market capitalization of $480.19 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 3.03 and a beta of 1.01. 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:CSCOGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $15.56 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. 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. As a group, analysts predict that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,169 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the transaction, the insider owned 246,737 shares of the company’s stock, valued at approximately $28,937,315.36. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 187,097 shares in the company, valued at approximately $14,874,211.50. This represents a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,636 shares of company stock worth $5,698,459 in the last three months. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the topic of a number of research reports. Barclays boosted their price objective on Cisco Systems from $76.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Bank of America boosted their price objective on Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley boosted their price objective on Cisco Systems from $91.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Erste Group Bank cut Cisco Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, BNP Paribas Exane boosted their price objective on Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.18.

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Cisco Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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