Cisco Systems, Inc. $CSCO Stake Increased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,568,413 shares of the network equipment provider’s stock after buying an additional 6,185 shares during the period. Cisco Systems makes up about 2.0% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 15th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in Cisco Systems were worth $168,808,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CSCO. Bright Rock Capital Management LLC purchased a new position in shares of Cisco Systems during the 3rd quarter valued at approximately $6,458,000. Argent Capital Management LLC boosted its stake in Cisco Systems by 2,132.9% in the third quarter. Argent Capital Management LLC now owns 91,750 shares of the network equipment provider’s stock valued at $9,875,000 after acquiring an additional 87,641 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in Cisco Systems by 9.9% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 7,897 shares of the network equipment provider’s stock valued at $850,000 after purchasing an additional 712 shares in the last quarter. Rockland Trust Co. lifted its stake in Cisco Systems by 1,193.6% in the 3rd quarter. Rockland Trust Co. now owns 218,003 shares of the network equipment provider’s stock valued at $23,464,000 after buying an additional 201,150 shares in the last quarter. Finally, Violich Capital Management Inc. lifted its holdings in shares of Cisco Systems by 0.7% during the 3rd quarter. Violich Capital Management Inc. now owns 73,935 shares of the network equipment provider’s stock worth $7,958,000 after acquiring an additional 500 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSCO. Deutsche Bank Aktiengesellschaft started coverage on shares of Cisco Systems in a research note on Tuesday, September 1st. They issued a “buy” rating and a $135.00 target price on the stock. KeyCorp boosted their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Bank of America increased their price objective on Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Zacks Research raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Finally, Wall Street Zen cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.52.

Check Out Our Latest Stock Analysis on CSCO

Cisco Systems Trading Down 0.0%

Shares of NASDAQ:CSCO traded down $0.05 during mid-day trading on Monday, reaching $112.15. 5,702,146 shares of the company’s stock were exchanged, compared to its average volume of 22,512,555. The firm has a market capitalization of $442.17 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.35 and a beta of 0.99. The business’s fifty day moving average price is $112.00 and its 200-day moving average price is $106.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a twelve month low of $66.81 and a twelve month high of $130.37.

Cisco Systems (NASDAQ:CSCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. 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. On average, research analysts predict that Cisco Systems, Inc. will post 4.41 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 50.30%.

Insiders Place Their Bets

In other Cisco Systems news, EVP Oliver Tuszik sold 2,760 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares in the company, valued at $18,586,938.96. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $799,956.90. Following the completion of the sale, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. This trade represents a 3.02% 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. In the last three months, insiders sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration, observability and data center solutions. Its products and services help businesses, governments, educational institutions and other organizations connect users and devices, manage infrastructure, protect digital environments and support cloud-based operations.

Cisco’s portfolio includes routers and switches, wireless networking equipment, network management software, firewalls, identity and access tools, endpoint security products, collaboration applications and observability platforms.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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