Sumitomo Mitsui DS Asset Management Company Ltd Acquires 31,572 Shares of Cisco Systems, Inc. $CSCO

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,744 shares of the network equipment provider’s stock after purchasing an additional 31,572 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cisco Systems were worth $55,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Benchmark Financial Wealth Advisors LLC grew its stake in Cisco Systems by 1.4% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 10,449 shares of the network equipment provider’s stock worth $715,000 after acquiring an additional 142 shares in the last quarter. Yoder Wealth Management Inc. raised its stake in shares of Cisco Systems by 3.8% during the third quarter. Yoder Wealth Management Inc. now owns 3,945 shares of the network equipment provider’s stock valued at $270,000 after acquiring an additional 143 shares in the last quarter. Postrock Partners LLC boosted its holdings in shares of Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after purchasing an additional 150 shares during the period. Mount Vernon Associates Inc. MD grew its stake in Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock worth $2,871,000 after purchasing an additional 150 shares in the last quarter. Finally, Wynn Capital LLC grew its stake in Cisco Systems by 0.3% in the third quarter. Wynn Capital LLC now owns 48,456 shares of the network equipment provider’s stock worth $3,315,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CSCO. Morgan Stanley upped their target price on Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Melius Research lifted their price objective on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Citigroup raised their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Argus boosted their price objective on shares of Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. Finally, Wells Fargo & Company lifted their price target on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.23.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $73.88 on Friday. The company has a fifty day moving average of $76.39 and a two-hundred day moving average of $71.35. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82. The stock has a market capitalization of $291.91 billion, a PE ratio of 27.77, a P/E/G ratio of 2.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s payout ratio is currently 61.65%.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the sale, the executive vice president owned 196,738 shares of the company’s stock, valued at $15,316,053.30. This represents a 45.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the sale, the insider directly owned 281,108 shares in the company, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,044,865 shares of company stock worth $81,397,635. Insiders own 0.01% of the company’s stock.

Cisco Systems 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.