Randolph Co Inc bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 304,002 shares of the network equipment provider’s stock, valued at approximately $32,720,000. Cisco Systems accounts for about 2.6% of Randolph Co Inc’s holdings, making the stock its 18th largest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Cisco Systems in the second quarter valued at $42,129,647,000. State Street Corp increased its position in Cisco Systems by 7.0% during the 2nd quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after purchasing an additional 13,512,872 shares during the period. Bank of America Corp DE purchased a new position in Cisco Systems during the 2nd quarter valued at $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cisco Systems by 2.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider’s stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Cisco Systems in the 2nd quarter worth $4,714,574,000. Institutional investors own 73.33% of the company’s stock.
Insider Activity
In other news, EVP Deborah Stahlkopf sold 6,487 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, the executive vice president directly owned 167,116 shares of the company’s stock, valued at $18,638,447.48. This represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the sale, the executive vice president directly owned 163,337 shares in the company, valued at $17,996,470.66. This represents a 0.41% 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 quarter, insiders have sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is currently owned by corporate insiders.
Cisco Systems Stock Performance
NASDAQ CSCO opened at $106.50 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a twelve month low of $70.06 and a twelve month high of $130.37. The firm has a market capitalization of $419.89 billion, a PE ratio of 31.89, a P/E/G ratio of 2.22 and a beta of 0.99. The stock’s 50 day moving average is $110.18 and its 200 day moving average is $110.07.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s payout ratio is 50.30%.
Analysts Set New Price Targets
CSCO has been the subject of several research analyst reports. Barclays raised their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 16th. HSBC cut shares of Cisco Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 price target for the company. Finally, Piper Sandler lowered their price objective on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus target price of $128.52.
View Our Latest Stock Analysis on CSCO
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.
The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.
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