Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Cisco Systems, Inc. $CSCO

Mirae Asset Global Investments Co. Ltd. increased its stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,189,645 shares of the network equipment provider’s stock after acquiring an additional 205,043 shares during the period. Cisco Systems comprises about 0.7% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 19th largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Cisco Systems were worth $218,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bare Financial Services Inc grew its holdings in shares of Cisco Systems by 531.0% in the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 308 shares during the last quarter. Marquette Asset Management LLC purchased a new stake in Cisco Systems during the 3rd quarter valued at $25,000. Financial Connections Group Inc. grew its holdings 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 acquiring an additional 193 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Cisco Systems in the second quarter valued at about $28,000. Finally, Lowe Wealth Advisors LLC raised its stake in shares of Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Down 0.3%

NASDAQ CSCO opened at $78.41 on Wednesday. The firm has a market capitalization of $309.81 billion, a PE ratio of 29.56, a P/E/G ratio of 2.91 and a beta of 0.87. The stock’s 50 day moving average is $76.63 and its 200 day moving average is $71.92. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. Research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, January 2nd. Cisco Systems’s dividend payout ratio is 61.65%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CSCO shares. President Capital cut their target price on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. CICC Research upped their price target on Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Argus boosted their target price on Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. Finally, Zacks Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.81.

View Our Latest Stock Analysis on CSCO

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 281,860 shares of Cisco Systems stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the completion of the transaction, the chief executive officer directly owned 820,887 shares in the company, valued at approximately $64,316,496.45. This trade represents a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 163,896 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.86, for a total value of $12,760,942.56. Following the completion of the sale, the insider owned 281,108 shares in the company, valued at $21,887,068.88. The trade was a 36.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is currently owned by company insiders.

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Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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