90,910 Shares in Cisco Systems, Inc. $CSCO Bought by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 90,910 shares of the network equipment provider’s stock, valued at approximately $6,307,000. Cisco Systems comprises 2.4% of Benson Investment Management Company Inc.’s portfolio, making the stock its 10th largest position.

Other institutional investors have also modified their holdings of the company. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems during the 1st quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems during the 1st quarter valued at about $31,000. Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems during the 2nd quarter valued at about $32,000. Fairway Wealth LLC raised its stake in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Cisco Systems during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Morgan Stanley lifted their price target on Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price target for the company. Finally, UBS Group lifted their price target on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.89.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the transaction, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last quarter. 0.01% of the stock is owned by insiders.

Cisco Systems Trading Down 2.9%

CSCO stock opened at $67.94 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The stock has a market cap of $268.58 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97. The business’s 50-day moving average is $68.24 and its 200 day moving average is $64.86.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period in the previous year, the firm posted $0.87 EPS. Cisco Systems’s revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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