Cisco Systems, Inc. $CSCO Stock Position Increased by VCI Wealth Management LLC

VCI Wealth Management LLC increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,852 shares of the network equipment provider’s stock after purchasing an additional 5,331 shares during the quarter. VCI Wealth Management LLC’s holdings in Cisco Systems were worth $3,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CSCO. BlackRock Inc. acquired a new stake in shares of Cisco Systems during the 2nd quarter worth about $42,129,647,000. Bank of America Corp DE purchased a new stake in shares of Cisco Systems during the second quarter worth about $5,892,379,000. Bank of New York Mellon Corp purchased a new stake in shares of Cisco Systems during the second quarter worth about $4,714,574,000. Deutsche Bank AG purchased a new stake in shares of Cisco Systems during the second quarter worth about $1,997,004,000. Finally, State Street Corp raised its position in shares of Cisco Systems by 7.0% in the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock valued at $25,278,492,000 after buying an additional 13,512,872 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Down 2.8%

Shares of NASDAQ:CSCO opened at $101.61 on Tuesday. The stock’s 50-day moving average price is $109.81 and its two-hundred day moving average price is $101.14. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 12-month low of $70.54 and a 12-month high of $130.37. The firm has a market cap of $400.61 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.30 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The firm’s revenue 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. On average, research analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, October 2nd. Cisco Systems’s payout ratio is presently 50.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Cisco Systems in a research note on Tuesday, September 1st. They set a “buy” rating and a $135.00 price objective on the stock. Morgan Stanley raised their target price 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. Piper Sandler lowered their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, September 22nd. Sanford C. Bernstein began coverage on Cisco Systems in a report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Cisco Systems from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.52.

Insider Transactions at Cisco Systems

In related news, EVP Oliver Tuszik sold 680 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the transaction, the executive vice president owned 163,337 shares of the company’s stock, valued at approximately $17,996,470.66. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares in the company, valued at approximately $67,226,273.40. This represents a 3.46% 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 44,869 shares of company stock valued at $5,005,620 in the last quarter. Insiders own 0.01% of the company’s stock.

About Cisco Systems

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.