Jennison Associates LLC Has $242.07 Million Stock Position in Cisco Systems, Inc. $CSCO

Jennison Associates LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,489,029 shares of the network equipment provider’s stock after purchasing an additional 199,035 shares during the period. Jennison Associates LLC owned approximately 0.09% of Cisco Systems worth $242,069,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CSCO. Financial Connections Group Inc. grew its stake in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 193 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Cisco Systems in the second quarter valued at approximately $32,000. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the first quarter valued at approximately $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the first quarter valued at approximately $31,000. Finally, Fairway Wealth LLC grew its stake in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CSCO shares. Piper Sandler raised their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Morgan Stanley raised their target price on Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Wall Street Zen lowered Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Barclays raised their target price on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, HSBC restated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $74.72.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $72.62 on Wednesday. The business’s fifty day simple moving average is $68.51 and its 200 day simple moving average is $65.95. The firm has a market capitalization of $287.08 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.68. 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 (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $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, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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 annualized dividend and a dividend yield of 2.3%. Cisco Systems’s payout ratio is presently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by insiders.

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.