Pinnbrook Capital Management LP Buys New Shares in Cisco Systems, Inc. $CSCO

Pinnbrook Capital Management LP bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 58,766 shares of the network equipment provider’s stock, valued at approximately $4,077,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Connections Group Inc. increased its position in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Cisco Systems in the second quarter valued at about $28,000. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the first quarter worth about $31,000. Nova Wealth Management Inc. purchased a new stake in Cisco Systems in the first quarter worth about $31,000. Finally, Brown Shipley& Co Ltd bought a new position in Cisco Systems during the 2nd quarter worth about $32,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

NASDAQ CSCO opened at $78.00 on Friday. The stock’s fifty day moving average price is $69.87 and its 200 day moving average price is $67.42. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $79.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The company has a market cap of $307.38 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, equities research analysts forecast 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 will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s payout ratio is 62.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CSCO shares. Bank of America upped their price target on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Barclays raised their price objective on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, CICC Research boosted their target price on shares of Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.75.

Insider Activity

In other news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the transaction, the senior vice president owned 30,619 shares of the company’s stock, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,089 shares of company stock worth $2,236,383 over the last 90 days. Company insiders own 0.01% of the company’s stock.

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.