Sienna Gestion Buys 24,545 Shares of Cisco Systems, Inc. $CSCO

Sienna Gestion grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 478,717 shares of the network equipment provider’s stock after buying an additional 24,545 shares during the period. Cisco Systems accounts for about 2.2% of Sienna Gestion’s holdings, making the stock its 6th largest position. Sienna Gestion’s holdings in Cisco Systems were worth $36,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Thornburg Investment Management Inc. grew its position in Cisco Systems by 9.8% in the 4th quarter. Thornburg Investment Management Inc. now owns 2,869,033 shares of the network equipment provider’s stock worth $221,002,000 after purchasing an additional 257,143 shares during the last quarter. Tobias Financial Advisors Inc. acquired a new stake in Cisco Systems in the 4th quarter worth $356,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Cisco Systems by 1.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 22,236 shares of the network equipment provider’s stock worth $1,713,000 after purchasing an additional 290 shares during the last quarter. Tenzing Financial LLC acquired a new stake in Cisco Systems in the 4th quarter worth $228,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in Cisco Systems by 5.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 651,765 shares of the network equipment provider’s stock worth $50,205,000 after purchasing an additional 36,307 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 7,169 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the completion of the sale, the insider directly owned 246,737 shares in the company, valued at approximately $28,937,315.36. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 3,132 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $79.74, for a total value of $249,745.68. Following the completion of the sale, the executive vice president owned 188,613 shares of the company’s stock, valued at approximately $15,040,000.62. This trade represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,655 shares of company stock valued at $5,063,970. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of recent research reports. New Street Research upped their target price on Cisco Systems from $82.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group upped their target price on Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Barclays upped their target price on Cisco Systems from $76.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Erste Group Bank lowered Cisco Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, KeyCorp upped their target price on Cisco Systems from $87.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.90.

Cisco Systems Stock Performance

Cisco Systems stock opened at $120.17 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The stock has a fifty day moving average price of $103.10 and a two-hundred day moving average price of $86.88. Cisco Systems, Inc. has a 52-week low of $64.85 and a 52-week high of $130.37. The firm has a market capitalization of $473.64 billion, a P/E ratio of 39.02, a P/E/G ratio of 3.09 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s dividend payout ratio is currently 54.55%.

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.