Fox Run Management L.L.C. Makes New $609,000 Investment in Cisco Systems, Inc. $CSCO

Fox Run Management L.L.C. purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 8,771 shares of the network equipment provider’s stock, valued at approximately $609,000.

Several other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in shares of Cisco Systems in the 2nd quarter valued at $28,000. Penserra Capital Management LLC grew its stake in shares of Cisco Systems by 15.3% during the second quarter. Penserra Capital Management LLC now owns 2,574,839 shares of the network equipment provider’s stock valued at $178,641,000 after acquiring an additional 341,779 shares in the last quarter. Quadrant Private Wealth Management LLC grew its stake in Cisco Systems by 0.8% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 52,125 shares of the network equipment provider’s stock valued at $3,616,000 after purchasing an additional 432 shares in the last quarter. KCM Investment Advisors LLC increased its stake in shares of Cisco Systems by 2.9% in the second quarter. KCM Investment Advisors LLC now owns 95,801 shares of the network equipment provider’s stock worth $6,647,000 after buying an additional 2,662 shares during the last quarter. Finally, Marco Investment Management LLC raised its stake in shares of Cisco Systems by 0.7% in the 2nd quarter. Marco Investment Management LLC now owns 308,180 shares of the network equipment provider’s stock valued at $21,382,000 after purchasing an additional 2,026 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Trading Up 1.4%

NASDAQ:CSCO opened at $72.09 on Tuesday. The stock has a market cap of $284.09 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $74.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock’s 50-day moving average is $69.25 and its two-hundred day moving average is $67.05.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. 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 forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems’s payout ratio is 62.60%.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI raised their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note 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. Barclays increased their price objective 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. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

About Cisco Systems

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.