K.J. Harrison & Partners Inc Invests $1.76 Million in Cisco Systems, Inc. $CSCO

K.J. Harrison & Partners Inc bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,303 shares of the network equipment provider’s stock, valued at approximately $1,756,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Connections Group Inc. boosted its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the 1st quarter worth about $31,000. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the 2nd quarter worth about $32,000. Finally, Fairway Wealth LLC boosted its stake in Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

NASDAQ CSCO opened at $73.11 on Monday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $73.48. The stock has a market cap of $288.11 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 3.00 and a beta of 0.97. The company’s 50 day moving average is $68.82 and its two-hundred day moving average is $66.34. 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 released its 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 company had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last 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, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Insider Activity

In other news, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the firm’s stock in a transaction 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 directly owned 158,009 shares of the company’s stock, valued at approximately $10,551,841.02. This trade represents a 1.09% 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 have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CSCO has been the topic of a number of analyst reports. Bank of America upped their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Piper Sandler upped their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a “peer perform” rating on the stock. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, UBS Group upped their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. 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 stock. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $74.72.

About Cisco Systems

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.