Marino Stram & Associates LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 10,584 shares of the network equipment provider’s stock after buying an additional 556 shares during the period. Marino Stram & Associates LLC’s holdings in Cisco Systems were worth $734,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CSCO. Vanguard Group Inc. lifted its position in shares of Cisco Systems by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider’s stock worth $24,002,095,000 after buying an additional 1,865,648 shares during the period. Invesco Ltd. raised its stake in Cisco Systems by 10.4% during the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider’s stock worth $2,907,599,000 after acquiring an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cisco Systems by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider’s stock worth $2,332,492,000 after purchasing an additional 1,326,354 shares during the last quarter. Finally, Amundi grew its holdings in shares of Cisco Systems by 11.0% in the 1st quarter. Amundi now owns 29,170,847 shares of the network equipment provider’s stock worth $1,679,312,000 after purchasing an additional 2,898,391 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CSCO shares. Morgan Stanley upped their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Evercore ISI lifted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, Piper Sandler increased their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.53.
Insider Activity at Cisco Systems
In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the transaction, the executive vice president directly owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last three months. Insiders own 0.01% of the company’s stock.
Cisco Systems Stock Up 1.0%
Shares of CSCO opened at $68.42 on Wednesday. The firm has a market capitalization of $270.48 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The business’s fifty day moving average price is $68.12 and its two-hundred day moving average price is $64.43. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.
Cisco Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio is currently 62.60%.
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.
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