Cisco Systems (NASDAQ:CSCO) Price Target Raised to $76.00

Cisco Systems (NASDAQ:CSCO) had its price target hoisted by Barclays from $71.00 to $76.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the network equipment provider’s stock.

CSCO has been the subject of a number of other reports. JPMorgan Chase & Co. raised their price target on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup raised their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Morgan Stanley increased their price target on shares of Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Bank of America lifted their price objective on shares of Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.75.

Cisco Systems Stock Up 0.8%

Cisco Systems stock opened at $78.00 on Thursday. 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 has a 1-year low of $52.11 and a 1-year high of $79.50. The company has a fifty day simple moving average of $69.87 and a 200 day simple moving average of $67.49. The company has a market cap 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.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. 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 fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares in the company, valued at $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the transaction, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,089 shares of company stock worth $2,236,383. 0.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Drive Wealth Management LLC raised its holdings in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares during the period. Shell Asset Management Co. grew its stake in shares of Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after buying an additional 26,840 shares during the period. Guinness Asset Management LTD increased its position in Cisco Systems by 15.9% in the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after buying an additional 603,131 shares in the last quarter. Tobam raised its stake in Cisco Systems by 223.4% during the 2nd quarter. Tobam now owns 2,642 shares of the network equipment provider’s stock worth $183,000 after buying an additional 1,825 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Cisco Systems by 1.2% in the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after acquiring an additional 1,157,704 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

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.