MML Investors Services LLC Buys 79,956 Shares of Cisco Systems, Inc. $CSCO

MML Investors Services LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 7.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,172,005 shares of the network equipment provider’s stock after purchasing an additional 79,956 shares during the quarter. MML Investors Services LLC’s holdings in Cisco Systems were worth $90,280,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in Cisco Systems in the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new position in Cisco Systems in the 4th quarter worth $25,000. Jessup Wealth Management Inc bought a new position in Cisco Systems in the 4th quarter worth $29,000. Board of the Pension Protection Fund bought a new position in Cisco Systems in the 4th quarter worth $31,000. Finally, EQ Wealth Advisors LLC bought a new position in Cisco Systems in the 4th quarter worth $31,000. 73.33% of the stock is owned by institutional investors.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 2,607 shares of Cisco Systems stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $121.12, for a total value of $315,759.84. Following the sale, the executive vice president directly owned 172,727 shares of the company’s stock, valued at approximately $20,920,694.24. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,400 shares of Cisco Systems stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $120.03, for a total value of $2,568,642.00. Following the completion of the sale, the chief executive officer directly owned 637,085 shares in the company, valued at $76,469,312.55. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 51,636 shares of company stock valued at $5,698,459. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $121.10 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $102.28 and its two-hundred day simple moving average is $86.58. The stock has a market cap of $477.31 billion, a PE ratio of 39.32, a P/E/G ratio of 3.09 and a beta of 1.01. Cisco Systems, Inc. has a 52 week low of $63.93 and a 52 week high of $130.37.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $15.56 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue 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 forecast that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s payout ratio is 54.55%.

Cisco Systems News Roundup

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

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of recent research reports. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $77.00 to $137.00 in a report on Friday, May 15th. Evercore raised their target price on Cisco Systems from $110.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Bank of America raised their target price on Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Barclays raised their target price on Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, Truist Financial assumed coverage on Cisco Systems in a report on Tuesday, March 31st. They set a “buy” rating and a $94.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.64.

View Our Latest Report on Cisco Systems

Cisco Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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