Compton Financial Group LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,181 shares of the network equipment provider’s stock, valued at approximately $221,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Vanguard Group Inc. raised its stake in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider’s stock worth $24,002,095,000 after purchasing an additional 1,865,648 shares during the last quarter. Invesco Ltd. boosted its position in Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider’s stock valued at $2,907,599,000 after buying an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after buying an additional 12,775,066 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cisco Systems by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider’s stock valued at $2,332,492,000 after acquiring an additional 1,326,354 shares during the period. Finally, Amundi boosted its holdings in shares of Cisco Systems by 11.0% in the 1st quarter. Amundi now owns 29,170,847 shares of the network equipment provider’s stock valued at $1,679,312,000 after acquiring an additional 2,898,391 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
Insider Buying and Selling
In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the transaction, the senior vice president owned 30,619 shares of the company’s stock, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,965 shares of company stock worth $5,559,996 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.
Cisco Systems Stock Performance
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its earnings results 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 net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, October 3rd. Cisco Systems’s dividend payout ratio is currently 62.60%.
Wall Street Analyst Weigh In
Several research firms have commented on CSCO. Barclays upped their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. William Blair raised Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wells Fargo & Company lifted their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $74.72.
Read Our Latest Stock Report on CSCO
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.
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