Bessemer Group Inc. Has $8.64 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Bessemer Group Inc. cut its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,509 shares of the network equipment provider’s stock after selling 5,959 shares during the period. Bessemer Group Inc.’s holdings in Cisco Systems were worth $8,638,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Yukon Wealth Management Inc. acquired a new position in shares of Cisco Systems during the second quarter worth $207,000. GoalVest Advisory LLC lifted its holdings in Cisco Systems by 1.7% during the 2nd quarter. GoalVest Advisory LLC now owns 48,207 shares of the network equipment provider’s stock worth $3,345,000 after buying an additional 828 shares during the period. Banco Santander S.A. lifted its holdings in Cisco Systems by 7.1% during the 2nd quarter. Banco Santander S.A. now owns 388,243 shares of the network equipment provider’s stock worth $26,936,000 after buying an additional 25,836 shares during the period. Solstein Capital LLC lifted its holdings in Cisco Systems by 201.5% during the 2nd quarter. Solstein Capital LLC now owns 1,435 shares of the network equipment provider’s stock worth $100,000 after buying an additional 959 shares during the period. Finally, Delta Investment Management LLC lifted its holdings in Cisco Systems by 21.5% during the 2nd quarter. Delta Investment Management LLC now owns 18,218 shares of the network equipment provider’s stock worth $1,264,000 after buying an additional 3,221 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $72.62 on Wednesday. The firm’s 50-day moving average price is $68.51 and its 200-day moving average price is $65.95. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.68. The firm has a market capitalization of $287.08 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.00 and a beta of 0.97. 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 announced its quarterly earnings data 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. 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 anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last three months. 0.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CSCO shares. Morgan Stanley lifted their price objective on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Evercore ISI boosted 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 report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. HSBC restated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Finally, Barclays boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $74.72.

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.