Raelipskie Partnership raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 89.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,574 shares of the network equipment provider’s stock after acquiring an additional 24,755 shares during the period. Cisco Systems comprises about 1.7% of Raelipskie Partnership’s investment portfolio, making the stock its 14th largest position. Raelipskie Partnership’s holdings in Cisco Systems were worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Cisco Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider’s stock valued at $30,730,602,000 after buying an additional 4,049,893 shares during the last quarter. Invesco Ltd. grew its position in shares of Cisco Systems by 10.5% in the 3rd quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider’s stock valued at $3,668,182,000 after buying an additional 5,081,469 shares during the last quarter. Northern Trust Corp grew its position in shares of Cisco Systems by 3.5% in the 3rd quarter. Northern Trust Corp now owns 48,498,612 shares of the network equipment provider’s stock valued at $3,318,275,000 after buying an additional 1,631,703 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Cisco Systems by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider’s stock valued at $2,917,530,000 after buying an additional 1,804,625 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Cisco Systems by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 37,674,954 shares of the network equipment provider’s stock valued at $2,577,720,000 after buying an additional 2,535,716 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.
Analyst Upgrades and Downgrades
CSCO has been the topic of several research analyst reports. HSBC upped their target price on Cisco Systems from $74.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, February 13th. Evercore upped their target price on Cisco Systems from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Cisco Systems in a research report on Thursday, February 12th. JPMorgan Chase & Co. upped their target price on Cisco Systems from $95.00 to $96.00 in a research report on Monday. Finally, Truist Financial initiated coverage on Cisco Systems in a research report on Tuesday, March 31st. They set a “buy” rating and a $94.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $90.29.
Insider Transactions at Cisco Systems
In other news, SVP Maria Victoria Wong sold 551 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $77.54, for a total value of $42,724.54. Following the completion of the sale, the senior vice president directly owned 27,957 shares of the company’s stock, valued at $2,167,785.78. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 3,132 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the sale, the executive vice president directly owned 188,613 shares of the company’s stock, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 46,431 shares of company stock valued at $3,574,820. Corporate insiders own 0.01% of the company’s stock.
More Cisco Systems News
Here are the key news stories impacting Cisco Systems this week:
- Positive Sentiment: Analysts are highlighting Cisco’s exposure to strong AI networking demand heading into results, which could support revenue growth and sentiment if management confirms healthy order trends. Buy Cisco Stock Ahead of Q3 Earnings? Here’s What to Know
- Positive Sentiment: Multiple industry pieces point to a favorable networking sector backdrop, with Cisco cited as a beneficiary of tailwinds despite macro headwinds and margin pressure. 3 Stocks to Consider From a Flourishing Networking Industry
- Positive Sentiment: JPMorgan raised its price target on Cisco to $96, signaling continued confidence in the stock’s long-term fundamentals, even though that target remains below the recent trading level. MarketScreener
- Neutral Sentiment: Cisco is set to report quarterly earnings on Wednesday, making the stock sensitive to any surprise in guidance, margins, or AI-related order commentary. Cisco Systems (CSCO) Expected to Announce Quarterly Earnings on Wednesday
- Neutral Sentiment: Broader market news is mixed, with investors waiting on inflation data and geopolitics, which could influence near-term trading in Cisco along with the rest of the market. Week Ahead: Inflation test, an AI IPO and US-China talks put Wall Street on edge
- Negative Sentiment: Competitive pressure from Arista Networks, Dell, and Hewlett Packard Enterprise remains a key concern ahead of earnings and could cap upside if Cisco’s growth outlook disappoints. Buy Cisco Stock Ahead of Q3 Earnings? Here’s What to Know
Cisco Systems Stock Up 2.2%
Shares of NASDAQ:CSCO opened at $98.72 on Tuesday. The business’s 50 day simple moving average is $83.08 and its two-hundred day simple moving average is $78.94. The firm has a market cap of $389.93 billion, a P/E ratio of 34.64, a PEG ratio of 3.62 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.96. Cisco Systems, Inc. has a 52-week low of $60.85 and a 52-week high of $98.83.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.42 EPS for the current fiscal year.
Cisco Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Thursday, April 2nd were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.7%. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, April 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 58.95%.
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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