Resona Asset Management Co. Ltd. Buys 52,483 Shares of Cisco Systems, Inc. $CSCO

Resona Asset Management Co. Ltd. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,509,556 shares of the network equipment provider’s stock after buying an additional 52,483 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Cisco Systems were worth $104,586,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp raised its holdings in Cisco Systems by 63.9% during the second quarter. Atlantic Union Bankshares Corp now owns 265,794 shares of the network equipment provider’s stock valued at $18,441,000 after buying an additional 103,590 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Cisco Systems by 1.8% during the second quarter. First Horizon Advisors Inc. now owns 818,548 shares of the network equipment provider’s stock valued at $56,791,000 after buying an additional 14,838 shares in the last quarter. Csenge Advisory Group raised its holdings in Cisco Systems by 24.8% during the second quarter. Csenge Advisory Group now owns 33,559 shares of the network equipment provider’s stock valued at $2,328,000 after buying an additional 6,660 shares in the last quarter. Axim Planning & Wealth bought a new position in shares of Cisco Systems in the second quarter worth about $218,000. Finally, Ellevest Inc. increased its stake in shares of Cisco Systems by 10.3% in the second quarter. Ellevest Inc. now owns 4,632 shares of the network equipment provider’s stock worth $321,000 after purchasing an additional 434 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Barclays lifted their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Wall Street Zen lowered Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Morgan Stanley boosted their price target on Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.50.

Cisco Systems Stock Down 0.3%

NASDAQ CSCO opened at $72.10 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $69.12 and its two-hundred day moving average is $66.63. The company has a market capitalization of $284.13 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 3.00 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $74.84.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for 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 company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Cisco Systems’s payout ratio is presently 62.60%.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares of the company’s stock, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the transaction, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company’s stock.

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.