Cisco Systems, Inc. $CSCO Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,049,354 shares of the network equipment provider’s stock after buying an additional 98,345 shares during the period. Rakuten Investment Management Inc.’s holdings in Cisco Systems were worth $112,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AIA Group Ltd raised its position in shares of Cisco Systems by 4.7% in the third quarter. AIA Group Ltd now owns 81,563 shares of the network equipment provider’s stock worth $8,779,000 after buying an additional 3,640 shares in the last quarter. Third View Private Wealth LLC grew its position in Cisco Systems by 9.8% during the third quarter. Third View Private Wealth LLC now owns 10,952 shares of the network equipment provider’s stock worth $1,179,000 after buying an additional 982 shares in the last quarter. Provenance Wealth Advisors LLC grew its position in Cisco Systems by 227.0% during the third quarter. Provenance Wealth Advisors LLC now owns 16,336 shares of the network equipment provider’s stock worth $1,758,000 after buying an additional 11,340 shares in the last quarter. Lyell Wealth Management LP grew its position in Cisco Systems by 4.0% during the third quarter. Lyell Wealth Management LP now owns 19,657 shares of the network equipment provider’s stock worth $2,116,000 after buying an additional 752 shares in the last quarter. Finally, Associated Banc Corp bought a new position in Cisco Systems in the 3rd quarter worth about $32,420,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeetendra Patel sold 7,170 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the transaction, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing 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 2,760 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.46, for a total value of $310,389.60. Following the completion of the sale, the executive vice president owned 165,276 shares of the company’s stock, valued at $18,586,938.96. The trade was a 1.64% 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. In the last three months, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Piper Sandler cut their price objective on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, September 22nd. UBS Group upped their price objective on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Morgan Stanley raised their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Cisco Systems in a research report on Tuesday, September 1st. They set a “buy” rating and a $135.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.52.

Cisco Systems Stock Up 1.3%

Shares of NASDAQ:CSCO opened at $102.97 on Wednesday. The firm has a market capitalization of $405.97 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. 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, Inc. has a 52-week low of $70.54 and a 52-week high of $130.37. The firm has a fifty day moving average of $109.67 and a 200 day moving average of $101.28.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. 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. As a group, research analysts anticipate that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were given a dividend of $0.42 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. Cisco Systems’s dividend payout ratio is 50.30%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.