Fifth Third Bancorp Grows Position in Cisco Systems, Inc. $CSCO

Fifth Third Bancorp lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 22.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,093,402 shares of the network equipment provider’s stock after buying an additional 381,784 shares during the quarter. Fifth Third Bancorp owned approximately 0.05% of Cisco Systems worth $145,240,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after acquiring an additional 2,474 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Cisco Systems during the fourth quarter valued at $165,000. Park Square Financial Group LLC bought a new position in Cisco Systems during the fourth quarter valued at $55,000. Finally, BridgePort Financial Solutions LLC bought a new position in Cisco Systems during the fourth quarter valued at $252,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares of the company’s stock, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Stock Performance

CSCO stock opened at $67.54 on Wednesday. The firm has a market cap of $267.00 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.85 and a beta of 0.99. The firm has a 50-day simple moving average of $68.15 and a two-hundred day simple moving average of $64.19. Cisco Systems, Inc. has a one year low of $52.01 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CSCO shares. Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and raised their price target for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Morgan Stanley lifted their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Bank of America lifted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Company 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.