Resources Management Corp CT ADV Acquires 45,251 Shares of Cisco Systems, Inc. $CSCO

Resources Management Corp CT ADV raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 829.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,705 shares of the network equipment provider’s stock after purchasing an additional 45,251 shares during the quarter. Resources Management Corp CT ADV’s holdings in Cisco Systems were worth $3,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. RFP Financial Group LLC raised its stake in Cisco Systems by 7.6% in the fourth quarter. RFP Financial Group LLC now owns 5,657 shares of the network equipment provider’s stock valued at $436,000 after buying an additional 400 shares during the period. Sargent Investment Group LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at approximately $579,000. MML Investors Services LLC grew its position in shares of Cisco Systems by 7.3% in the fourth quarter. MML Investors Services LLC now owns 1,172,005 shares of the network equipment provider’s stock valued at $90,280,000 after purchasing an additional 79,956 shares during the last quarter. Mariner LLC grew its position in shares of Cisco Systems by 1.9% in the fourth quarter. Mariner LLC now owns 2,400,080 shares of the network equipment provider’s stock valued at $184,896,000 after purchasing an additional 45,468 shares during the last quarter. Finally, Minot DeBlois Advisors LLC grew its position in shares of Cisco Systems by 1.4% in the fourth quarter. Minot DeBlois Advisors LLC now owns 15,767 shares of the network equipment provider’s stock valued at $1,215,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Key Headlines Impacting Cisco Systems

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. KeyCorp upped their target price on Cisco Systems from $87.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings raised Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. BNP Paribas Exane upped their target price on Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Argus upped their target price on Cisco Systems from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Piper Sandler upped their target price on Cisco Systems from $86.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and an average price target of $120.64.

Check Out Our Latest Stock Analysis on Cisco Systems

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the transaction, the executive vice president owned 188,613 shares in the company, valued at $15,040,000.62. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 7,169 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the transaction, the insider owned 246,737 shares in the company, valued at approximately $28,937,315.36. This trade represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,636 shares of company stock worth $5,698,459 in the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $121.10 on Monday. The stock’s fifty day moving average price is $102.28 and its two-hundred day moving average price is $86.58. Cisco Systems, Inc. has a one year low of $63.93 and a one year high of $130.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The firm has a market cap of $477.31 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 3.09 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCOGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm had revenue of $15.84 billion for the quarter, compared to analyst estimates of $15.56 billion. During the same quarter last year, the company earned $0.96 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, research analysts expect that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s dividend payout ratio (DPR) is 54.55%.

Cisco Systems Company Profile

(Free Report)

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

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