Cisco Systems, Inc. (NASDAQ:CSCO) Stock Has Average Target Price of $128.52

Cisco Systems, Inc. (NASDAQ:CSCO) has been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $128.52.

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Piper Sandler cut their target price on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 22nd. Zacks Research raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Rosenblatt Securities lifted their price target on Cisco Systems from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 11th.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 2,760 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total value of $310,389.60. Following the transaction, the executive vice president directly owned 165,276 shares of the company’s stock, valued at approximately $18,586,938.96. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the sale, the insider owned 230,593 shares in the company, valued at $25,727,261.01. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cisco Systems

Several hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC increased its holdings in shares of Cisco Systems by 1.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 44,215 shares of the network equipment provider’s stock valued at $4,759,000 after acquiring an additional 513 shares during the last quarter. Csenge Advisory Group lifted its holdings in Cisco Systems by 2.0% in the 3rd quarter. Csenge Advisory Group now owns 27,543 shares of the network equipment provider’s stock worth $2,964,000 after purchasing an additional 549 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Cisco Systems by 2.9% in the 3rd quarter. New York Life Investment Management LLC now owns 664,869 shares of the network equipment provider’s stock worth $71,560,000 after purchasing an additional 18,665 shares during the last quarter. DMKC Advisory Services LLC bought a new stake in Cisco Systems during the third quarter worth approximately $366,000. Finally, Cpwa LLC boosted its position in Cisco Systems by 25.9% during the third quarter. Cpwa LLC now owns 2,294 shares of the network equipment provider’s stock worth $265,000 after purchasing an additional 472 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Trading Up 0.6%

NASDAQ CSCO opened at $103.61 on Thursday. The firm has a market capitalization of $408.49 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company has a 50-day simple moving average of $109.52 and a 200-day simple moving average of $101.42. Cisco Systems has a one year low of $70.54 and a one year high of $130.37. 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 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. Cisco Systems’s quarterly 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, equities analysts forecast that Cisco Systems will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. Cisco Systems’s dividend payout ratio is presently 50.30%.

Cisco Systems Company 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.