Sumitomo Mitsui Trust Group Inc. Acquires 102,698 Shares of Cisco Systems, Inc. $CSCO

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,058,929 shares of the network equipment provider’s stock after buying an additional 102,698 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Cisco Systems worth $756,652,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its stake in shares of Cisco Systems by 1.1% in the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after acquiring an additional 4,525 shares during the period. Greystone Financial Group LLC purchased a new position in Cisco Systems during the third quarter valued at $8,563,000. Drive Wealth Management LLC lifted its stake in Cisco Systems by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after purchasing an additional 436 shares in the last quarter. Shell Asset Management Co. boosted its holdings in shares of Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares during the last quarter. Finally, CX Institutional grew its position in shares of Cisco Systems by 11.0% during the third quarter. CX Institutional now owns 144,336 shares of the network equipment provider’s stock valued at $9,875,000 after purchasing an additional 14,334 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on CSCO shares. Barclays raised their price target on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Morgan Stanley boosted their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Argus lifted their price objective on shares of Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. President Capital decreased their target price on shares of Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, Piper Sandler increased their price target on shares of Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $85.23.

Cisco Systems Stock Performance

CSCO opened at $73.88 on Monday. The company has a market cap of $291.91 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.82. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $76.39 and its 200-day moving average price is $71.40.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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 net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is 61.65%.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $77.85, for a total value of $12,812,864.40. Following the sale, the executive vice president owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $78.35, for a total value of $22,083,731.00. Following the completion of the sale, the chief executive officer owned 820,887 shares in the company, valued at approximately $64,316,496.45. This represents a 25.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,044,865 shares of company stock worth $81,397,635 in the last ninety days. 0.01% of the stock is owned by company insiders.

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.