Unison Advisors LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 0.7% during the second quarter, Holdings Channel.com reports. The firm owned 67,020 shares of the network equipment provider’s stock after buying an additional 484 shares during the quarter. Cisco Systems makes up approximately 0.5% of Unison Advisors LLC’s portfolio, making the stock its 27th biggest position. Unison Advisors LLC’s holdings in Cisco Systems were worth $4,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter worth about $904,542,000. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% during 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 period. Nuveen LLC acquired a new stake in shares of Cisco Systems during the first quarter valued at about $750,495,000. Pacer Advisors Inc. increased its position in shares of Cisco Systems by 1,144.2% during 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. Finally, Acadian Asset Management LLC raised its stake in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after acquiring an additional 5,622,672 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 analysts recently weighed in on CSCO shares. CICC Research started coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. UBS Group lifted their price objective on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Wolfe Research started coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company raised their target price on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.72.
Insider Buying and Selling
In other news, CEO Charles Robbins sold 30,557 shares of the firm’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 sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company’s stock.
Cisco Systems Stock Up 1.5%
Shares of NASDAQ CSCO opened at $70.13 on Monday. The stock has a market cap of $277.24 billion, a P/E ratio of 26.77, a PEG ratio of 2.95 and a beta of 0.97. The business’s fifty day simple moving average is $68.20 and its 200-day simple moving average is $65.19. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. 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 – Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s payout ratio is 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.
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