Northstar Asset Management Inc. Has $698,000 Position in Cisco Systems, Inc. $CSCO

Northstar Asset Management Inc. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,055 shares of the network equipment provider’s stock after selling 951 shares during the quarter. Northstar Asset Management Inc.’s holdings in Cisco Systems were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSCO. Kingstone Capital Partners Texas LLC acquired a new position in shares of Cisco Systems during the 2nd quarter worth approximately $904,542,000. Goldman Sachs Group Inc. grew its holdings in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new position in Cisco Systems in the 1st quarter valued at $750,495,000. Pacer Advisors Inc. grew its holdings in Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 over the last ninety days. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Evercore ISI upped their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. CICC Research assumed coverage on Cisco Systems in a report on Monday, July 14th. They issued an “outperform” rating and a $78.00 price objective on the stock. HSBC reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, Barclays increased their target price on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $74.72.

Cisco Systems Stock Up 0.5%

Shares of NASDAQ CSCO opened at $70.63 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The stock has a market capitalization of $279.21 billion, a P/E ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.97. The stock’s fifty day moving average is $68.30 and its 200 day moving average is $65.61.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

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.