Primecap Management Co. CA Has $381.55 Million Position in Cisco Systems, Inc. $CSCO

Primecap Management Co. CA lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,499,360 shares of the network equipment provider’s stock after selling 25,170 shares during the period. Primecap Management Co. CA owned approximately 0.14% of Cisco Systems worth $381,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. lifted its position in shares of Cisco Systems by 89.4% during the second 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 acquired a new position in Cisco Systems during the 2nd quarter worth $28,000. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter valued at $31,000. Nova Wealth Management Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at $31,000. Finally, Brown Shipley& Co Ltd bought a new stake in Cisco Systems during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Down 0.5%

Shares of NASDAQ:CSCO opened at $77.37 on Wednesday. The business has a fifty day simple moving average of $70.29 and a 200 day simple moving average of $67.83. 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 firm has a market cap of $304.89 billion, a P/E ratio of 29.53, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $79.50.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm 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 27.06% and a net margin of 18.45%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 5,425 shares of Cisco Systems stock in a transaction 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 completion of the transaction, the executive vice president directly owned 210,408 shares in the company, valued at approximately $16,108,836.48. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 163,896 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the completion of the sale, the insider owned 281,108 shares in the company, valued at $21,887,068.88. This trade represents a 36.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 961,950 shares of company stock valued at $74,696,164 in the last ninety days. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. CICC Research raised their price objective on Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, November 14th. Rosenblatt Securities increased their price target on shares of Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Piper Sandler increased their price target on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Finally, Bank of America upped their target price on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

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.