State Street Corp boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,106,569 shares of the network equipment provider’s stock after purchasing an additional 13,512,872 shares during the period. State Street Corp owned 5.25% of Cisco Systems worth $25,278,492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new stake in Cisco Systems during the 4th quarter worth about $25,000. Networth Advisors LLC raised its stake in shares of Cisco Systems by 276.4% in the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after acquiring an additional 246 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in shares of Cisco Systems by 137.0% in the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Financial Life Planners acquired a new position in shares of Cisco Systems during the first quarter worth approximately $27,000. Finally, Principia Wealth Advisory LLC grew its stake in shares of Cisco Systems by 43.7% during the second quarter. Principia Wealth Advisory LLC now owns 398 shares of the network equipment provider’s stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CSCO. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Rosenblatt Securities increased their price objective on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. HSBC cut Cisco Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $137.00 to $120.00 in a research note on Friday, August 14th. The Goldman Sachs Group boosted their target price on Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.36.
Cisco Systems Trading Down 6.0%
NASDAQ:CSCO traded down $6.73 during trading hours on Tuesday, hitting $104.73. The stock had a trading volume of 12,946,770 shares, compared to its average volume of 22,671,264. The business’s 50 day moving average is $112.87 and its 200-day moving average is $104.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The company has a market cap of $412.90 billion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 2.28 and a beta of 1.00. Cisco Systems, Inc. has a one year low of $66.81 and a one year high of $130.37.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s dividend payout ratio is 50.30%.
Insider Activity at Cisco Systems
In other news, insider Jeetendra Patel sold 7,170 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the transaction, the insider owned 230,593 shares in the company, valued at $25,727,261.01. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the transaction, the executive vice president owned 167,116 shares of the company’s stock, valued at $18,638,447.48. This represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 44,869 shares of company stock valued at $5,005,620 over the last 90 days. Insiders own 0.01% of the company’s stock.
Key Stories Impacting Cisco Systems
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Cisco’s AI and cybersecurity positioning remains a supportive long-term theme. Its Splunk integration is expanding capabilities in network visibility, security, and enterprise AI governance, including self-managed AI agents operating behind corporate firewalls. Cisco Moves Higher as Splunk Takes Agents Behind the Firewall
- Positive Sentiment: Recent fundamentals remain strong: Cisco’s latest quarterly release showed revenue of approximately $17.3 billion, up about 18% year over year, and non-GAAP EPS of $1.22, exceeding consensus. Fiscal 2027 guidance also indicated continued growth.
- Positive Sentiment: Analyst price targets remain generally above recent trading levels, with a six-month median target of $130 and some targets as high as $150. Cisco’s dividend and announced share-repurchase program may also provide shareholder support.
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that provides networking, cybersecurity, collaboration, observability and other information technology solutions. Its offerings include routers, switches, wireless networking equipment, data center infrastructure, security platforms, unified communications tools and software designed to help organizations connect, manage and protect their digital environments.
Cisco serves businesses, government agencies, educational institutions, telecommunications providers and other organizations worldwide.
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