Navellier & Associates Inc. Reduces Stock Position in Cisco Systems, Inc. $CSCO

Navellier & Associates Inc. cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,176 shares of the network equipment provider’s stock after selling 6,987 shares during the period. Navellier & Associates Inc.’s holdings in Cisco Systems were worth $4,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Cisco Systems by 4.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 8,833,506 shares of the network equipment provider’s stock worth $671,677,000 after acquiring an additional 393,182 shares during the period. Providence First Trust Co acquired a new stake in shares of Cisco Systems in the fourth quarter valued at $753,000. AssuredPartners Investment Advisors LLC raised its stake in shares of Cisco Systems by 3.9% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 89,338 shares of the network equipment provider’s stock valued at $6,882,000 after acquiring an additional 3,316 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Cisco Systems by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 811,337 shares of the network equipment provider’s stock valued at $62,497,000 after acquiring an additional 6,593 shares in the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of Cisco Systems by 2.1% in the fourth quarter. Garner Asset Management Corp now owns 9,969 shares of the network equipment provider’s stock valued at $768,000 after acquiring an additional 201 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 1.8%

Shares of Cisco Systems stock opened at $94.30 on Wednesday. The business has a 50 day moving average price of $81.77 and a 200 day moving average price of $78.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market capitalization of $372.47 billion, a P/E ratio of 33.09, a P/E/G ratio of 3.49 and a beta of 0.92. Cisco Systems, Inc. has a 1 year low of $58.58 and a 1 year high of $94.72.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to the consensus estimate of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.Cisco Systems’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.4 EPS for the current fiscal year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were issued a $0.42 dividend. This is a boost from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, April 2nd. This represents a $1.68 annualized dividend and a yield of 1.8%. Cisco Systems’s payout ratio is presently 58.95%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 7,981 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total transaction of $634,489.50. Following the completion of the sale, the executive vice president directly owned 187,097 shares in the company, valued at $14,874,211.50. This represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $77.07, for a total value of $134,410.08. Following the sale, the executive vice president owned 156,693 shares of the company’s stock, valued at approximately $12,076,329.51. The trade was a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 46,431 shares of company stock worth $3,574,820. 0.01% of the stock is currently owned by company insiders.

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Evercore raised its price target on Cisco to $110 and kept an “outperform” rating, signaling analyst confidence in upside tied to Cisco’s product mix (about a 17% implied upside from recent levels). Evercore price target raise
• Positive Sentiment: Cisco announced plans to acquire Israeli cybersecurity firm Astrix Security, expanding its access/connectivity security capabilities — a move that should accelerate product-led sales and M&A synergy messaging. Cisco to acquire Israeli co Astrix Security
• Positive Sentiment: Cisco is pushing security momentum by adding Qmulos to its SolutionsPlus program and integrating compliance analytics with its broader security portfolio (and deeper Splunk ties), which simplifies procurement and upsell opportunities to enterprise customers. Cisco Security Push With Astrix And Qmulos
• Positive Sentiment: Analysts (Evercore coverage) argue Cisco’s Silicon One ASIC business is underappreciated and could be a multi?year growth driver for routing and AI networking — supportive for longer?term revenue and margin upside. Silicon One underappreciated
• Positive Sentiment: Longer?term tech roadmap: Cisco highlighted a Universal Quantum Switch for routing quantum information over standard fiber — a strategic signal that Cisco is positioning for future, high?value networking platforms. Universal Quantum Switch
• Neutral Sentiment: Partner ecosystem news: C1 earned full Preferred status across Cisco 360 designations — positive for channel execution but incremental vs. the larger company story. C1 Preferred Partner status
• Neutral Sentiment: Broader market context: tech stocks were mixed in recent sessions; some industry earnings (Microchip, Gen Digital, News Corp, BlackBerry) are being watched by investors but are not directly tied to Cisco’s fundamentals. Tech stocks mixed

Wall Street Analyst Weigh In

A number of analysts have weighed in on CSCO shares. Erste Group Bank cut Cisco Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. HSBC boosted their target price on Cisco Systems from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, February 13th. Evercore raised their price target on Cisco Systems from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $95.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, DZ Bank raised Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.29.

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.