Lockheed Martin Investment Management Co. Has $10.68 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Lockheed Martin Investment Management Co. grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 156,110 shares of the network equipment provider’s stock after buying an additional 24,630 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Cisco Systems were worth $10,681,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. UNIVEST FINANCIAL Corp boosted its holdings in Cisco Systems by 6.6% in the third quarter. UNIVEST FINANCIAL Corp now owns 46,904 shares of the network equipment provider’s stock worth $3,209,000 after acquiring an additional 2,900 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Cisco Systems during the third quarter worth approximately $425,000. Coign Capital Advisors LLC bought a new position in shares of Cisco Systems in the 3rd quarter worth $704,000. Parkside Financial Bank & Trust lifted its holdings in shares of Cisco Systems by 4.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 37,098 shares of the network equipment provider’s stock worth $2,538,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Facet Wealth Inc. grew its position in Cisco Systems by 42.4% in the 3rd quarter. Facet Wealth Inc. now owns 8,973 shares of the network equipment provider’s stock valued at $614,000 after purchasing an additional 2,673 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.86, for a total value of $12,760,942.56. Following the transaction, the insider directly owned 281,108 shares in the company, valued at $21,887,068.88. The trade was a 36.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s 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 sale, the executive vice president owned 179,780 shares of the company’s stock, valued at approximately $14,082,167.40. The trade was a 23.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,044,865 shares of company stock worth $81,397,635 in the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.9%

NASDAQ:CSCO opened at $74.33 on Friday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $80.82. The firm has a 50-day moving average price of $76.69 and a two-hundred day moving average price of $71.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. The firm has a market cap of $293.68 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.Cisco Systems’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Argus upped their target price on shares of Cisco Systems from $80.00 to $100.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Bank of America boosted their price objective on Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Citigroup raised their target price on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.86.

Cisco Systems Company 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.