Cisco Systems, Inc. $CSCO Shares Newly Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 3rd quarter, Holdings Channel reports. The fund bought 8,403 shares of the network equipment provider’s stock, valued at approximately $904,000.

Several other large investors also recently modified their holdings of CSCO. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Cisco Systems by 142.5% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 151 shares in the last quarter. Kings Path Partners LLC purchased a new position in Cisco Systems in the third quarter valued at about $31,000. Blueline Advisors LLC acquired a new stake in Cisco Systems during the 3rd quarter valued at approximately $32,000. Networth Advisors LLC grew its stake in Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock valued at $26,000 after purchasing an additional 246 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new stake in Cisco Systems during the 3rd quarter valued at approximately $37,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Up 1.5%

Shares of NASDAQ CSCO opened at $106.50 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $110.18 and its two-hundred day moving average price is $109.86. Cisco Systems, Inc. has a 52-week low of $70.06 and a 52-week high of $130.37. The stock has a market capitalization of $419.89 billion, a P/E ratio of 31.89, a PEG ratio of 2.22 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 4.42 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, October 21st. Shareholders of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems’s payout ratio is currently 50.30%.

Insider Activity

In other news, EVP Oliver Tuszik sold 680 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $74,922.40. Following the transaction, the executive vice president directly owned 163,337 shares in the company, valued at approximately $17,996,470.66. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 312 shares of Cisco Systems stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $34,376.16. Following the completion of the transaction, the executive vice president directly owned 127,661 shares of the company’s stock, valued at $14,065,688.98. This trade represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,869 shares of company stock valued at $5,005,620 over the last quarter. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CSCO has been the topic of several analyst reports. Wall Street Zen upgraded Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cisco Systems in a research note on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price target for the company. Rosenblatt Securities upped their price target on shares of Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, HSBC downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $137.00 to $120.00 in a research note on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $128.52.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.