Prudential Financial Inc. Acquires 586,320 Shares of Cisco Systems, Inc. $CSCO

Prudential Financial Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,986,158 shares of the network equipment provider’s stock after buying an additional 586,320 shares during the quarter. Cisco Systems accounts for approximately 0.5% of Prudential Financial Inc.’s holdings, making the stock its 28th biggest holding. Prudential Financial Inc. owned approximately 0.15% of Cisco Systems worth $415,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Financial Connections Group Inc. lifted its stake 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 valued at $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in Cisco Systems during the 2nd quarter valued at $28,000. Pandora Wealth Inc. bought a new stake in Cisco Systems in the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter worth $31,000. Finally, Brown Shipley& Co Ltd bought a new position in Cisco Systems during the second quarter valued at $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CSCO shares. KeyCorp raised their target price on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Erste Group Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. Citigroup increased their price target on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Rosenblatt Securities raised their price target on Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Stock Up 0.9%

Shares of NASDAQ:CSCO opened at $76.10 on Friday. The business’s 50 day moving average is $70.84 and its 200 day moving average is $68.13. The stock has a market cap of $300.68 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. 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.

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

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given 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 (DPR) is 61.65%.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the sale, the executive vice president owned 196,738 shares of the company’s stock, valued at approximately $15,316,053.30. This represents a 45.55% 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 56,038 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the transaction, the executive vice president owned 179,780 shares in the company, valued at approximately $14,082,167.40. This represents a 23.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,017,988 shares of company stock worth $79,085,621. 0.01% of the stock is owned by corporate insiders.

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.