Berkshire Bank Trims Position in Cisco Systems, Inc. $CSCO

Berkshire Bank cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 94,473 shares of the network equipment provider’s stock after selling 1,836 shares during the period. Cisco Systems comprises approximately 1.5% of Berkshire Bank’s holdings, making the stock its 14th biggest position. Berkshire Bank’s holdings in Cisco Systems were worth $6,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Cisco Systems by 37.4% in the first 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 last quarter. Nuveen LLC acquired a new stake in shares of Cisco Systems during the first quarter worth $750,495,000. Pacer Advisors Inc. grew its position in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after acquiring an additional 7,468,212 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider’s stock worth $414,593,000 after purchasing an additional 6,625,045 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Up 0.7%

Shares of CSCO opened at $67.02 on Tuesday. The stock has a market cap of $264.94 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1-year low of $49.78 and a 1-year high of $72.55. The firm has a 50 day simple moving average of $68.20 and a 200-day simple moving average of $64.02.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 net margin of 18.45% and a return on equity of 27.06%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.

Insider Activity at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the transaction, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 428 shares of the company’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 sale, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,439 shares of company stock worth $4,369,104 over the last 90 days. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CSCO has been the subject of several research analyst reports. Morgan Stanley raised their target price on Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. UBS Group upped their price objective on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Rosenblatt Securities restated a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, CICC Research started coverage on Cisco Systems in a report on Monday, July 14th. They issued an “outperform” rating and a $78.00 price objective on the stock. One research 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. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems 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.