Old Mission Investment Co LLC Invests $771,000 in Cisco Systems, Inc. $CSCO

Old Mission Investment Co LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, HoldingsChannel.com reports. The firm purchased 6,567 shares of the network equipment provider’s stock, valued at approximately $771,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new position in Cisco Systems in the 2nd quarter worth $272,000. Outlook Capital Management LLC purchased a new position in Cisco Systems in the 2nd quarter valued at about $434,000. Turner Financial Group Inc. acquired a new stake in shares of Cisco Systems during the second quarter valued at about $740,000. Hopwood Nicholas Hunter purchased a new stake in shares of Cisco Systems during the second quarter worth about $316,000. Finally, Blalock Williams LLC increased its position in shares of Cisco Systems by 3.4% during the second quarter. Blalock Williams LLC now owns 9,253 shares of the network equipment provider’s stock worth $1,087,000 after acquiring an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 21,628 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the sale, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at approximately $67,226,273.40. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total transaction of $650,093.04. Following the completion of the transaction, the executive vice president owned 128,382 shares in the company, valued at approximately $14,310,741.54. The trade was a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,611 shares of company stock valued at $6,066,680 over the last quarter. 0.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of analyst reports. Truist Financial increased their price target on Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 13th. HSBC downgraded Cisco Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $137.00 to $120.00 in a report on Friday, August 14th. Zacks Research cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley raised their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.68.

Cisco Systems Stock Up 0.5%

NASDAQ:CSCO opened at $109.20 on Friday. The company has a market capitalization of $430.41 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00. Cisco Systems, Inc. has a one year low of $66.13 and a one year high of $130.37. The stock has a 50-day simple moving average of $114.26 and a 200 day simple moving average of $102.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.Cisco Systems’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. 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. Sell-side analysts predict that Cisco Systems, Inc. will post 4.43 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 21st. Shareholders of record on Friday, October 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s payout ratio is currently 50.30%.

Cisco Systems Company Profile

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.