Baker Avenue Asset Management LP Grows Holdings in Cisco Systems, Inc. $CSCO

Baker Avenue Asset Management LP lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 29.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,466 shares of the network equipment provider’s stock after buying an additional 8,135 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Cisco Systems were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CSCO. Norges Bank bought a new stake in shares of Cisco Systems in the 2nd quarter worth about $3,816,825,000. Kingstone Capital Partners Texas LLC bought a new stake in Cisco Systems in the second quarter valued at about $904,542,000. Franklin Resources Inc. raised its stake in Cisco Systems by 46.2% during the second quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock valued at $2,833,261,000 after buying an additional 12,904,969 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Cisco Systems by 6,778.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 6,810,012 shares of the network equipment provider’s stock worth $472,479,000 after buying an additional 6,711,004 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after acquiring an additional 5,622,672 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of CSCO opened at $78.86 on Tuesday. The firm has a market capitalization of $311.58 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87. The stock’s fifty day moving average is $72.90 and its 200-day moving average is $69.32. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $80.06. 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 released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. Cisco Systems’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. 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. Equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders 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%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CSCO shares. HSBC upped their price target on Cisco Systems from $69.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, November 14th. Bank of America raised their price target on shares of Cisco Systems from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. UBS Group lifted their price target on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Rosenblatt Securities increased their price objective on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a report on Thursday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 164,584 shares of the firm’s stock in a transaction dated 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 owned 196,738 shares in the company, valued at approximately $15,316,053.30. This trade represents a 45.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 56,038 shares of Cisco Systems stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the completion of the transaction, the executive vice president directly owned 179,780 shares in the company, valued at $14,082,167.40. This represents a 23.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,024,627 shares of company stock valued at $79,621,482. 0.01% of the stock is currently owned by insiders.

Cisco Systems Profile

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.