Cisco Systems, Inc. $CSCO Shares Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,000 shares of the network equipment provider’s stock after purchasing an additional 15,000 shares during the period. Cisco Systems makes up approximately 0.8% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 29th biggest position. PKO Investment Management Joint Stock Co’s holdings in Cisco Systems were worth $10,087,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clark Asset Management LLC raised its holdings in shares of Cisco Systems by 41.7% during the first quarter. Clark Asset Management LLC now owns 7,050 shares of the network equipment provider’s stock valued at $547,000 after buying an additional 2,076 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Cisco Systems by 4.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 7,081 shares of the network equipment provider’s stock worth $549,000 after buying an additional 331 shares in the last quarter. Johnson Bixby & Associates LLC increased its position in Cisco Systems by 5.7% in the 1st quarter. Johnson Bixby & Associates LLC now owns 2,836 shares of the network equipment provider’s stock valued at $220,000 after acquiring an additional 153 shares during the period. Sterling Investment Counsel LLC increased its position in Cisco Systems by 12.4% in the 1st quarter. Sterling Investment Counsel LLC now owns 3,052 shares of the network equipment provider’s stock valued at $237,000 after acquiring an additional 336 shares during the period. Finally, Brookstone Capital Management raised its stake in Cisco Systems by 2.4% during the 1st quarter. Brookstone Capital Management now owns 29,768 shares of the network equipment provider’s stock valued at $2,310,000 after acquiring an additional 697 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other news, EVP Thimaya K. Subaiya sold 7,127 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total transaction of $854,598.57. Following the completion of the transaction, the executive vice president owned 140,857 shares in the company, valued at approximately $16,890,162.87. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,607 shares of Cisco Systems stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $121.12, for a total transaction of $315,759.84. Following the completion of the transaction, the executive vice president directly owned 172,727 shares in the company, valued at $20,920,694.24. This represents a 1.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 47,650 shares of company stock worth $5,668,823 in the last ninety days. Insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

CSCO has been the subject of a number of analyst reports. Bank of America boosted their price target on Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Truist Financial started coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They set a “buy” rating and a $94.00 price objective on the stock. Citigroup upped their price objective on shares of Cisco Systems from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group increased their target price on shares of Cisco Systems from $116.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Citic Securities raised their target price on shares of Cisco Systems from $90.00 to $130.00 in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.90.

Cisco Systems Stock Up 1.7%

Shares of CSCO stock opened at $121.53 on Tuesday. Cisco Systems, Inc. has a 1 year low of $65.75 and a 1 year high of $130.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92. The business’s fifty day moving average is $106.91 and its 200-day moving average is $88.40. The stock has a market cap of $479.00 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating 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 business had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. 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. Equities analysts expect that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

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.