Benjamin Edwards Inc. Buys 13,188 Shares of Cisco Systems, Inc. $CSCO

Benjamin Edwards Inc. increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 10.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 139,384 shares of the network equipment provider’s stock after purchasing an additional 13,188 shares during the quarter. Benjamin Edwards Inc.’s holdings in Cisco Systems were worth $9,537,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Cisco Systems by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after buying an additional 5,039,714 shares during the last quarter. State Street Corp increased its position in shares of Cisco Systems by 0.6% in the second quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock valued at $13,507,956,000 after acquiring an additional 1,067,872 shares during the period. Geode Capital Management LLC raised its stake in shares of Cisco Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock valued at $6,864,058,000 after acquiring an additional 1,157,704 shares during the last quarter. Norges Bank purchased a new stake in shares of Cisco Systems during the second quarter worth about $3,816,825,000. Finally, Invesco Ltd. grew its stake in shares of Cisco Systems by 3.0% in the second quarter. Invesco Ltd. now owns 48,531,251 shares of the network equipment provider’s stock worth $3,367,098,000 after purchasing an additional 1,414,105 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CSCO shares. Evercore ISI upped their price target on Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Melius Research upped their target price on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. HSBC raised their price target on Cisco Systems from $69.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, November 14th. President Capital reduced their price objective on shares of Cisco Systems from $90.00 to $88.00 in a research report on Wednesday, December 24th. Finally, CICC Research raised their target price on shares of Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.23.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $73.96 on Friday. The company’s fifty day moving average price is $76.38 and its 200-day moving average price is $71.31. The stock has a market cap of $292.22 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.82.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period last year, the company posted $0.91 EPS. Cisco Systems’s revenue 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. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s payout ratio is currently 61.65%.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $80.33, for a total value of $34,381.24. Following the sale, the senior vice president directly owned 32,176 shares of the company’s stock, valued at approximately $2,584,698.08. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kristina M. Johnson sold 13,481 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $77.13, for a total value of $1,039,789.53. Following the transaction, the director owned 61,630 shares of the company’s stock, valued at $4,753,521.90. The trade was a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,044,865 shares of company stock worth $81,397,635 over the last three months. Corporate insiders own 0.01% of the company’s stock.

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.