Cisco Systems (NASDAQ:CSCO) Hits New 52-Week High Following Analyst Upgrade

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) hit a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $90.00 to $95.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Cisco Systems traded as high as $85.30 and last traded at $85.28, with a volume of 1181240 shares trading hands. The stock had previously closed at $84.82.

CSCO has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Citigroup raised their price target on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. UBS Group lifted their price objective on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. President Capital decreased their target price on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Finally, Wells Fargo & Company raised their target price on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.45.

Insider Buying and Selling

In related news, Director Michael D. Capellas sold 16,150 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $77.28, for a total transaction of $1,248,072.00. Following the completion of the sale, the director directly owned 157,218 shares of the company’s stock, valued at $12,149,807.04. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,044,865 shares of company stock valued at $81,397,635 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On Cisco Systems

Several institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. grew its holdings in shares of Cisco Systems by 1.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock valued at $29,163,000 after acquiring an additional 4,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Cisco Systems by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,189,645 shares of the network equipment provider’s stock valued at $218,236,000 after purchasing an additional 205,043 shares in the last quarter. Greystone Financial Group LLC purchased a new position in Cisco Systems in the third quarter valued at about $8,563,000. Jones Financial Companies Lllp raised its stake in shares of Cisco Systems by 8.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 686,469 shares of the network equipment provider’s stock worth $46,165,000 after purchasing an additional 56,057 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its holdings in shares of Cisco Systems by 2.7% during the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after buying an additional 436 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Trading Up 1.0%

The company has a 50 day moving average of $77.35 and a 200 day moving average of $72.65. The firm has a market cap of $338.44 billion, a P/E ratio of 32.07, a PEG ratio of 3.21 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.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Cisco Systems’s revenue for the quarter 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. Analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.

Cisco Systems Company Profile

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.