London Co. of Virginia Has $246.73 Million Stock Position in Cisco Systems, Inc. $CSCO

London Co. of Virginia lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.7% in the second quarter, HoldingsChannel reports. The fund owned 3,556,256 shares of the network equipment provider’s stock after selling 99,981 shares during the period. Cisco Systems accounts for 1.4% of London Co. of Virginia’s portfolio, making the stock its 28th largest position. London Co. of Virginia’s holdings in Cisco Systems were worth $246,734,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CSCO. Bare Financial Services Inc boosted its holdings in shares of Cisco Systems by 531.0% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares in the last quarter. Financial Connections Group Inc. lifted its position in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after buying an additional 193 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Cisco Systems in the second quarter valued at about $28,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the first quarter valued at about $31,000. Finally, Brown Shipley& Co Ltd acquired a new position in Cisco Systems during the second quarter worth about $32,000. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CSCO shares. UBS Group raised their price target on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Barclays raised their target price on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Rosenblatt Securities boosted their price objective on Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insiders Place Their Bets

In other Cisco Systems 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 transaction 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 approximately $15,316,053.30. This represents a 45.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 116,734 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the completion of the transaction, the chief executive officer owned 704,153 shares in the company, valued at $54,431,026.90. This trade represents a 14.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,021,910 shares of company stock valued at $79,463,804 over the last three months. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $77.80 on Friday. 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, Inc. has a 52 week low of $52.11 and a 52 week high of $80.82. The firm has a market cap of $307.40 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.00 and a beta of 0.87. The firm’s fifty day moving average is $73.77 and its 200-day moving average is $69.69.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.Cisco Systems’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $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. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s payout ratio is currently 61.65%.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.