Cisco Systems, Inc. $CSCO Stock: Rakuten Investment Management Inc. Grows Position

Rakuten Investment Management Inc. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Manning & Napier Advisors LLC increased its stake in Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock worth $27,000 after purchasing an additional 200 shares during the period. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Cisco Systems by 142.5% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 257 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 151 shares during the period. Kings Path Partners LLC purchased a new stake in shares of Cisco Systems during the third quarter valued at approximately $31,000. Blueline Advisors LLC bought a new position in shares of Cisco Systems in the third quarter worth approximately $32,000. Finally, RMG Wealth Management LLC grew its holdings in shares of Cisco Systems by 308.7% in the first quarter. RMG Wealth Management LLC now owns 425 shares of the network equipment provider’s stock worth $33,000 after purchasing an additional 321 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of CSCO stock opened at $102.97 on Wednesday. The firm has a market cap of $405.97 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.12 and a beta of 1.01. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The business’s 50 day moving average price is $109.67 and its 200-day moving average price is $101.28. 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 posted its earnings results 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%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 5,832 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total value of $650,093.04. Following the completion of the sale, the executive vice president directly owned 128,382 shares of the company’s stock, valued at approximately $14,310,741.54. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the sale, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cisco Systems in a report on Tuesday, September 1st. They set a “buy” rating and a $135.00 price target for the company. Wall Street Zen raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 11th. Rosenblatt Securities raised their price target on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Truist Financial boosted their price objective on shares of Cisco Systems from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, KeyCorp upped their price objective 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. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

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.