NEOS Investment Management LLC Acquires 215,908 Shares of Cisco Systems, Inc. $CSCO

NEOS Investment Management LLC boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,946,899 shares of the network equipment provider’s stock after buying an additional 215,908 shares during the period. Cisco Systems makes up approximately 1.3% of NEOS Investment Management LLC’s holdings, making the stock its 17th biggest holding. NEOS Investment Management LLC owned 0.07% of Cisco Systems worth $346,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Cisco Systems during the second quarter worth $42,129,647,000. Norges Bank acquired a new position in Cisco Systems in the 4th quarter worth $4,473,272,000. Auto Owners Insurance Co boosted its stake in Cisco Systems by 8,718.3% in the 4th quarter. Auto Owners Insurance Co now owns 51,952,421 shares of the network equipment provider’s stock worth $400,190,000 after purchasing an additional 51,363,281 shares during the period. Bank of America Corp DE bought a new position in Cisco Systems during the 2nd quarter worth about $5,892,379,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $4,714,574,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeetendra Patel sold 7,170 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the completion of the transaction, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer owned 602,710 shares in the company, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,611 shares of company stock worth $6,066,680 in the last quarter. 0.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSCO. New Street Research upped their price objective on Cisco Systems from $82.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research report on Wednesday, August 26th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $95.00 to $96.00 in a research note on Monday, May 11th. Freedom Capital raised Cisco Systems from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Barclays raised their price target on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average price target of $129.68.

Cisco Systems Trading Down 0.8%

Cisco Systems stock opened at $108.61 on Friday. The company has a market cap of $428.08 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.28 and a beta of 1.00. The firm has a 50-day moving average of $114.35 and a 200-day moving average of $102.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a one year low of $66.13 and a one year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $16.84 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. Cisco Systems’s quarterly 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. On average, equities analysts expect that Cisco Systems, Inc. will post 4.43 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 2nd. Cisco Systems’s dividend payout ratio is presently 50.30%.

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.