Cigna Investments Inc. New Has $2.48 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Cigna Investments Inc. New lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 40,128 shares of the network equipment provider’s stock after selling 864 shares during the quarter. Cigna Investments Inc. New’s holdings in Cisco Systems were worth $2,477,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CSCO. Brighton Jones LLC increased its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after buying an additional 24,562 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after purchasing an additional 2,474 shares during the last quarter. AlTi Global Inc. increased its stake in shares of Cisco Systems by 49.8% during the 4th quarter. AlTi Global Inc. now owns 20,483 shares of the network equipment provider’s stock worth $1,217,000 after purchasing an additional 6,811 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in shares of Cisco Systems during the 4th quarter worth $37,000. Finally, Aptus Capital Advisors LLC increased its stake in shares of Cisco Systems by 132.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 141,043 shares of the network equipment provider’s stock worth $8,350,000 after purchasing an additional 80,414 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company’s stock, valued at $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,095 shares of company stock worth $7,841,167 in the last ninety days. Company insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CSCO. Evercore ISI increased their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Wells Fargo & Company raised their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Barclays raised their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Citigroup raised their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $69.09 on Monday. The company’s fifty day moving average is $68.47 and its two-hundred day moving average is $63.77. The firm has a market capitalization of $273.60 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.93 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data 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 company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) 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.