Cisco Systems (NASDAQ:CSCO) Given New $74.00 Price Target at HSBC

Cisco Systems (NASDAQ:CSCO) had its price objective upped by HSBC from $69.00 to $74.00 in a research report report published on Friday,MarketScreener reports. They currently have a hold rating on the network equipment provider’s stock.

A number of other research analysts have also weighed in on the company. Barclays raised their target price on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI lifted their target price on shares of Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday. Piper Sandler lifted their price target on shares of Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday. Finally, KeyCorp boosted their price target on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.75.

Cisco Systems Trading Up 0.8%

Shares of CSCO traded up $0.62 on Friday, reaching $78.00. 38,794,325 shares of the company’s stock were exchanged, compared to its average volume of 21,067,176. Cisco Systems has a 12 month low of $52.11 and a 12 month high of $79.50. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $307.38 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The business has a 50 day moving average price of $69.87 and a two-hundred day moving average price of $67.42.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Research analysts anticipate that Cisco Systems will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,089 shares of company stock valued at $2,236,383. Insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC boosted its holdings in Cisco Systems by 135.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 85,072 shares of the network equipment provider’s stock worth $5,821,000 after buying an additional 48,902 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Cisco Systems by 3.4% during the 3rd quarter. Lazard Asset Management LLC now owns 610,225 shares of the network equipment provider’s stock worth $41,752,000 after purchasing an additional 19,845 shares during the last quarter. New England Asset Management Inc. grew its position in Cisco Systems by 0.6% during the third quarter. New England Asset Management Inc. now owns 110,981 shares of the network equipment provider’s stock worth $7,593,000 after buying an additional 690 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Cisco Systems in the third quarter worth about $550,000. Finally, SummitTX Capital L.P. boosted its position in Cisco Systems by 44.8% in the third quarter. SummitTX Capital L.P. now owns 377,963 shares of the network equipment provider’s stock valued at $25,860,000 after buying an additional 116,937 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

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.