Bessemer Group Inc. Lowers Position in Cisco Systems, Inc. $CSCO

Bessemer Group Inc. reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 124,509 shares of the network equipment provider’s stock after selling 5,959 shares during the quarter. Bessemer Group Inc.’s holdings in Cisco Systems were worth $8,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. increased its stake in 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 buying an additional 193 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the 1st quarter worth about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems in the first quarter worth about $31,000. Brown Shipley& Co Ltd purchased a new position in Cisco Systems in the 2nd quarter valued at approximately $32,000. Finally, Fairway Wealth LLC grew its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $72.62 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $68.51 and a 200-day moving average of $65.95. The firm has a market cap of $287.08 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.00 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.68.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business 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 expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a $0.41 dividend. The ex-dividend date 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%.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was 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 owned 639,000 shares of the company’s stock, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 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.

Wall Street Analyst Weigh In

A number of research firms have commented on CSCO. JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Morgan Stanley upped their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Wells Fargo & Company upped their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Rosenblatt Securities restated a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, Barclays increased their target price on Cisco Systems from $66.00 to $71.00 and gave the company 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.72.

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.