Cisco Systems, Inc. $CSCO Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 100,636 shares of the network equipment provider’s stock after acquiring an additional 9,920 shares during the period. Phoenix Financial Ltd.’s holdings in Cisco Systems were worth $10,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Danica Pension Livsforsikringsaktieselskab boosted its position in shares of Cisco Systems by 6.3% in the third quarter. Danica Pension Livsforsikringsaktieselskab now owns 208,386 shares of the network equipment provider’s stock valued at $22,429,000 after acquiring an additional 12,390 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Cisco Systems by 988.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 442,536 shares of the network equipment provider’s stock valued at $47,629,000 after acquiring an additional 401,888 shares in the last quarter. Danske Bank A S grew its stake in Cisco Systems by 7.1% during the third quarter. Danske Bank A S now owns 3,523,276 shares of the network equipment provider’s stock valued at $379,210,000 after acquiring an additional 232,200 shares in the last quarter. Drive Wealth Management LLC increased its holdings in shares of Cisco Systems by 9.4% in the third quarter. Drive Wealth Management LLC now owns 20,380 shares of the network equipment provider’s stock worth $2,194,000 after purchasing an additional 1,754 shares during the period. Finally, MSH Capital Advisors LLC increased its stake in Cisco Systems by 5.4% in the 3rd quarter. MSH Capital Advisors LLC now owns 30,025 shares of the network equipment provider’s stock worth $3,234,000 after acquiring an additional 1,536 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Down 6.2%

Shares of CSCO stock traded down $6.37 on Friday, hitting $95.64. 28,551,419 shares of the company’s stock traded hands, compared to its average volume of 19,473,690. 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, Inc. has a one year low of $72.80 and a one year high of $130.37. The company’s fifty day simple moving average is $107.76 and its 200 day simple moving average is $102.21. The stock has a market capitalization of $377.07 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.09 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Thursday, November 12th. The network equipment provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Cisco Systems had a net margin of 22.34% and a return on equity of 33.06%. The business had revenue of $18.52 billion during the quarter, compared to the consensus estimate of $18.12 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. Cisco Systems has set its Q2 2027 guidance at 1.340-1.360 EPS and its FY 2027 guidance at 5.470-5.530 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 4.48 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 20th. Stockholders of record on Monday, January 4th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, January 4th. Cisco Systems’s payout ratio is 50.30%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 312 shares of Cisco Systems stock in a transaction that occurred 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 transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 680 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total value of $74,922.40. Following the completion of the sale, the executive vice president owned 163,337 shares of the company’s stock, valued at $17,996,470.66. The trade was a 0.41% 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. In the last three months, insiders sold 6,824 shares of company stock valued at $759,392. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems News Roundup

Investors following CSCO have been watching these news items:

• Positive Sentiment: Management characterized the sequential decline in its second-quarter revenue outlook as seasonal rather than a sign of weakening demand, and emphasized the company’s profitability. Cisco CEO comments on guidance and profitability
• Neutral Sentiment: Several analysts lowered price targets after the results, but kept positive or neutral ratings. Citigroup cut its target to $120 and Wells Fargo to $130, both retaining Buy or Overweight; other firms also trimmed targets. The revisions reflect caution about near-term execution, even as analysts see potential upside. Benzinga: Analyst cuts Cisco price target
• Negative Sentiment: Fiscal Q1 product orders rose 21%, but missed expectations and slowed from the prior period, raising questions about the pace of demand growth. Yahoo Finance: Cisco down on expectations miss

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank began coverage on shares of Cisco Systems in a research report on Tuesday, September 1st. They set a “buy” rating and a $135.00 target price for the company. Piper Sandler reissued a “neutral” rating and issued a $112.00 price target (down from $125.00) on shares of Cisco Systems in a report on Friday. Barclays cut their price objective on Cisco Systems from $123.00 to $109.00 and set an “equal weight” rating for the company in a report on Friday. Rosenblatt Securities reduced their price objective on Cisco Systems from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

Cisco Systems Company Profile

Cisco Systems, Inc. develops networking, cybersecurity, collaboration and observability technologies for businesses, governments and other organizations. Its products include routers, switches, wireless systems and data center infrastructure, along with security software and services that help organizations connect and protect their networks. The company also provides collaboration tools through its Webex platform and observability capabilities through its software offerings, including technology from Splunk, which Cisco acquired in 2024.