Mirae Asset Global Investments Co. Ltd. Buys 205,043 Shares of Cisco Systems, Inc. $CSCO

Mirae Asset Global Investments Co. Ltd. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,189,645 shares of the network equipment provider’s stock after purchasing an additional 205,043 shares during the period. Cisco Systems accounts for 0.7% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 19th biggest holding. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Cisco Systems worth $218,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CSCO. Bare Financial Services Inc grew its stake in Cisco Systems by 531.0% in the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after acquiring an additional 308 shares during the period. Marquette Asset Management LLC bought a new position in shares of Cisco Systems in the 3rd quarter worth $25,000. Financial Connections Group Inc. grew its position in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the period. Legacy Investment Solutions LLC bought a new stake in Cisco Systems during the 2nd quarter valued at $28,000. Finally, Lowe Wealth Advisors LLC raised its holdings in Cisco Systems by 96.2% during the third quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Down 0.3%

Shares of CSCO opened at $78.41 on Wednesday. The firm has a market cap of $309.81 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.91 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. The business has a 50-day moving average of $76.63 and a 200 day moving average of $71.92. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $80.82.

Cisco Systems (NASDAQ:CSCOGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. 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 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were given a dividend of $0.41 per share. The ex-dividend date was Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CSCO shares. Melius Research boosted their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Rosenblatt Securities lifted their price target on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Argus increased their price objective on Cisco Systems from $80.00 to $100.00 in a research note on Thursday, November 13th. Bank of America lifted their target price on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, BNP Paribas Exane lifted their price objective on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems presently has an average rating of “Moderate Buy” and an average price target of $86.81.

View Our Latest Analysis on Cisco Systems

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Insider Activity

In other news, Director Kristina M. Johnson sold 13,481 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $77.13, for a total transaction of $1,039,789.53. Following the transaction, the director directly owned 61,630 shares in the company, valued at approximately $4,753,521.90. This represents a 17.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 1,745 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $79.46, for a total value of $138,657.70. Following the completion of the sale, the executive vice president owned 176,319 shares of the company’s stock, valued at $14,010,307.74. The trade was a 0.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is owned by insiders.

Cisco Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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