HighVista Strategies LLC Has $1.64 Million Stake in Cisco Systems, Inc. $CSCO

HighVista Strategies LLC lowered its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,600 shares of the network equipment provider’s stock after selling 8,600 shares during the quarter. HighVista Strategies LLC’s holdings in Cisco Systems were worth $1,637,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bare Financial Services Inc grew its holdings in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after acquiring an additional 308 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Cisco Systems in the second quarter worth about $28,000. Financial Connections Group Inc. lifted its position in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Cisco Systems during the second quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. bought a new position in Cisco Systems in the 1st quarter worth approximately $31,000. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of a number of recent research reports. Barclays increased their price objective on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. BNP Paribas Exane raised their price target on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Citic Securities boosted their price objective on Cisco Systems from $75.00 to $90.00 in a report on Monday, November 17th. Bank of America raised their target price on shares of Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company boosted their price target on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Seventeen equities research 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, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $84.14.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.86, for a total value of $12,760,942.56. Following the transaction, the insider owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the sale, the executive vice president owned 179,780 shares in the company, valued at approximately $14,082,167.40. The trade was a 23.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,021,481 shares of company stock worth $79,407,230. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 0.9%

CSCO opened at $80.25 on Thursday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The firm has a market cap of $317.07 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 3.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. The firm’s fifty day moving average is $73.35 and its two-hundred day moving average is $69.52.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The business had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. 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. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors 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 yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

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.