Sumitomo Mitsui DS Asset Management Company Ltd Purchases 22,783 Shares of Cisco Systems, Inc. $CSCO

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,172 shares of the network equipment provider’s stock after purchasing an additional 22,783 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cisco Systems were worth $53,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CSCO. Ashton Thomas Securities LLC raised its position in shares of Cisco Systems by 2.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider’s stock valued at $349,000 after purchasing an additional 159 shares during the last quarter. Central Valley Advisors LLC raised its holdings in shares of Cisco Systems by 2.6% in the second quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider’s stock worth $437,000 after buying an additional 159 shares during the last quarter. Boltwood Capital Management lifted its stake in shares of Cisco Systems by 1.4% during the second quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider’s stock worth $804,000 after buying an additional 160 shares during the period. Sapient Capital LLC grew its holdings in shares of Cisco Systems by 0.6% during the second quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider’s stock valued at $1,732,000 after buying an additional 160 shares during the last quarter. Finally, Greenline Partners LLC increased its position in shares of Cisco Systems by 0.5% in the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider’s stock valued at $2,010,000 after acquiring an additional 162 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company’s stock, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,439 shares of company stock worth $4,369,104 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $67.72 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $68.14 and its 200-day simple moving average is $64.06. The company has a market cap of $267.71 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. Cisco Systems, Inc. has a 1-year low of $50.27 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO) last posted 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 the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. Evercore ISI lifted their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.53.

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.