Strategic Planning Group LLC Purchases 7,271 Shares of Cisco Systems, Inc. $CSCO

Strategic Planning Group LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,968 shares of the network equipment provider’s stock after buying an additional 7,271 shares during the quarter. Cisco Systems comprises about 1.7% of Strategic Planning Group LLC’s holdings, making the stock its 19th largest position. Strategic Planning Group LLC’s holdings in Cisco Systems were worth $12,939,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Cisco Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 398,943,293 shares of the network equipment provider’s stock valued at $30,730,602,000 after purchasing an additional 4,049,893 shares during the period. Invesco Ltd. raised its stake in shares of Cisco Systems by 10.5% during the 3rd quarter. Invesco Ltd. now owns 53,612,720 shares of the network equipment provider’s stock valued at $3,668,182,000 after purchasing an additional 5,081,469 shares during the period. Northern Trust Corp raised its stake in shares of Cisco Systems by 3.5% during the 3rd quarter. Northern Trust Corp now owns 48,498,612 shares of the network equipment provider’s stock valued at $3,318,275,000 after purchasing an additional 1,631,703 shares during the period. Franklin Resources Inc. increased its stake in Cisco Systems by 4.4% in the 3rd quarter. Franklin Resources Inc. now owns 42,641,483 shares of the network equipment provider’s stock worth $2,917,530,000 after acquiring an additional 1,804,625 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Cisco Systems by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 37,674,954 shares of the network equipment provider’s stock worth $2,577,720,000 after acquiring an additional 2,535,716 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Analysts are highlighting Cisco’s exposure to strong AI networking demand heading into results, which could support revenue growth and sentiment if management confirms healthy order trends. Buy Cisco Stock Ahead of Q3 Earnings? Here’s What to Know
• Positive Sentiment: Multiple industry pieces point to a favorable networking sector backdrop, with Cisco cited as a beneficiary of tailwinds despite macro headwinds and margin pressure. 3 Stocks to Consider From a Flourishing Networking Industry
• Positive Sentiment: JPMorgan raised its price target on Cisco to $96, signaling continued confidence in the stock’s long-term fundamentals, even though that target remains below the recent trading level. MarketScreener
• Neutral Sentiment: Cisco is set to report quarterly earnings on Wednesday, making the stock sensitive to any surprise in guidance, margins, or AI-related order commentary. Cisco Systems (CSCO) Expected to Announce Quarterly Earnings on Wednesday
• Neutral Sentiment: Broader market news is mixed, with investors waiting on inflation data and geopolitics, which could influence near-term trading in Cisco along with the rest of the market. Week Ahead: Inflation test, an AI IPO and US-China talks put Wall Street on edge
• Negative Sentiment: Competitive pressure from Arista Networks, Dell, and Hewlett Packard Enterprise remains a key concern ahead of earnings and could cap upside if Cisco’s growth outlook disappoints. Buy Cisco Stock Ahead of Q3 Earnings? Here’s What to Know

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSCO shares. HSBC boosted their price target on shares of Cisco Systems from $74.00 to $77.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Erste Group Bank cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Friday, April 24th. BNP Paribas Exane boosted their price target on shares of Cisco Systems from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price target on shares of Cisco Systems in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.29.

Cisco Systems Trading Up 2.2%

Shares of CSCO stock opened at $98.72 on Tuesday. The stock has a market capitalization of $389.93 billion, a PE ratio of 34.64, a P/E/G ratio of 3.62 and a beta of 0.92. Cisco Systems, Inc. has a 1-year low of $60.85 and a 1-year high of $98.83. The business has a 50-day moving average of $83.08 and a 200 day moving average of $78.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.85.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion during the quarter, compared to analysts’ expectations of $15.11 billion. Cisco Systems had a return on equity of 27.88% and a net margin of 19.22%.Cisco Systems’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.42 earnings per share for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Cisco Systems’s previous quarterly dividend of $0.41. Cisco Systems’s dividend payout ratio is currently 58.95%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 3,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $79.74, for a total transaction of $249,745.68. Following the completion of the transaction, the executive vice president owned 188,613 shares of the company’s stock, valued at $15,040,000.62. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $79.50, for a total value of $634,489.50. Following the transaction, the executive vice president directly owned 187,097 shares of the company’s stock, valued at $14,874,211.50. The trade was a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 46,431 shares of company stock worth $3,574,820 over the last three months. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Profile

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.