Franklin Resources Inc. Grows Stock Holdings in Cisco Systems, Inc. $CSCO

Franklin Resources Inc. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 46.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,836,858 shares of the network equipment provider’s stock after acquiring an additional 12,904,969 shares during the quarter. Cisco Systems comprises 0.8% of Franklin Resources Inc.’s holdings, making the stock its 17th biggest position. Franklin Resources Inc. owned 1.03% of Cisco Systems worth $2,833,261,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Financial Connections Group Inc. boosted its position in shares of 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. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems in the second quarter valued at about $28,000. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the first quarter worth about $31,000. Nova Wealth Management Inc. purchased a new stake in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems during the second quarter valued at about $32,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSCO shares. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. KeyCorp boosted their price objective on shares of Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. raised their target price on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. William Blair raised Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Finally, HSBC raised their price objective on Cisco Systems from $69.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, November 14th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 116,734 shares of Cisco Systems stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total value of $9,023,538.20. Following the completion of the transaction, the chief executive officer owned 704,153 shares in the company, valued at $54,431,026.90. The trade was a 14.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oliver Tuszik sold 5,425 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $76.56, for a total value of $415,338.00. Following the transaction, the executive vice president owned 210,408 shares in the company, valued at $16,108,836.48. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,017,988 shares of company stock valued at $79,085,621 in the last quarter. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $75.44 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.06. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market cap of $297.29 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The business has a 50-day simple moving average of $70.65 and a 200-day simple moving average of $67.95.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period last year, the business earned $0.91 earnings per share. Cisco Systems’s quarterly 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, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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

Cisco Systems 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.