Corundum Group Inc. Increases Stock Position in Cisco Systems, Inc. $CSCO

Corundum Group Inc. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,638 shares of the network equipment provider’s stock after buying an additional 170 shares during the period. Corundum Group Inc.’s holdings in Cisco Systems were worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its position in shares of Cisco Systems by 0.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Cisco Systems by 10.8% in the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after purchasing an additional 612 shares during the period. Acadian Asset Management LLC lifted its position in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after purchasing an additional 904,548 shares during the period. Finally, Banque Pictet & Cie SA lifted its position in shares of Cisco Systems by 1.0% in the 2nd quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider’s stock worth $3,813,000 after purchasing an additional 535 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CSCO shares. William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cisco Systems in a research report on Saturday, September 27th. Wolfe Research assumed coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Finally, KeyCorp assumed coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last quarter. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Down 0.6%

NASDAQ:CSCO opened at $67.92 on Friday. The firm has a market cap of $268.50 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The firm has a 50-day simple moving average of $68.10 and a two-hundred day simple moving average of $64.57.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business 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 was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s dividend payout ratio is 62.60%.

Cisco Systems Company 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.