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

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $128.52.

A number of equities analysts recently commented on the stock. HSBC downgraded shares of Cisco Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $137.00 to $120.00 in a research note on Friday, August 14th. Barclays raised their target price on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Piper Sandler reduced their price target on shares of Cisco Systems from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, September 22nd. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They set a “market perform” rating and a $110.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Cisco Systems in a report on Tuesday, September 1st. They set a “buy” rating and a $135.00 price target on the stock.

Insiders Place Their Bets

In related news, insider Jeetendra I. Patel sold 7,170 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the transaction, the insider owned 230,593 shares of the company’s stock, valued at $25,727,261.01. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 312 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $110.18, for a total value of $34,376.16. Following the completion of the transaction, the executive vice president owned 127,661 shares of the company’s stock, valued at $14,065,688.98. The trade was a 0.24% 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. Over the last ninety days, insiders sold 44,869 shares of company stock worth $5,005,620. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CSCO. BlackRock Inc. bought a new position in Cisco Systems in the second quarter valued at about $42,129,647,000. Bank of America Corp DE bought a new stake in Cisco Systems in the second quarter valued at approximately $5,892,379,000. Bank of New York Mellon Corp acquired a new stake in shares of Cisco Systems during the second quarter worth $4,714,574,000. Deutsche Bank AG acquired a new stake in Cisco Systems during the 2nd quarter worth about $1,997,004,000. Finally, State Street Corp grew its stake in Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider’s stock worth $25,278,492,000 after purchasing an additional 13,512,872 shares during the period. 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 Thursday. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $109.81 and a 200 day moving average price of $101.14. Cisco Systems has a 12-month low of $70.54 and a 12-month high of $130.37. The company has a market capitalization 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 issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’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. Sell-side analysts expect that Cisco Systems will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

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