Hartford Investment Management Co. Has $15.87 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Hartford Investment Management Co. trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.4% in the third quarter, Holdings Channel.com reports. The fund owned 231,953 shares of the network equipment provider’s stock after selling 8,094 shares during the quarter. Cisco Systems accounts for approximately 0.5% of Hartford Investment Management Co.’s portfolio, making the stock its 29th largest position. Hartford Investment Management Co.’s holdings in Cisco Systems were worth $15,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CSCO. Vanguard Group Inc. raised its holdings in shares of Cisco Systems by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock worth $27,334,996,000 after buying an additional 5,039,714 shares in the last quarter. State Street Corp boosted its stake in Cisco Systems by 0.6% in the 2nd quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock valued at $13,507,956,000 after buying an additional 1,067,872 shares in the last quarter. Geode Capital Management LLC grew its position in Cisco Systems by 1.2% in 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 period. Norges Bank acquired a new position in Cisco Systems during the second quarter worth $3,816,825,000. Finally, Invesco Ltd. lifted its holdings in shares of Cisco Systems by 3.0% during the second quarter. Invesco Ltd. now owns 48,531,251 shares of the network equipment provider’s stock valued at $3,367,098,000 after acquiring an additional 1,414,105 shares during the period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 3.0%

Shares of NASDAQ CSCO opened at $80.64 on Tuesday. The stock has a market cap of $318.62 billion, a P/E ratio of 30.32, a P/E/G ratio of 2.96 and a beta of 0.87. The firm has a 50 day moving average price of $76.83 and a 200 day moving average price of $72.24. 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, Inc. has a 52-week low of $52.11 and a 52-week high of $81.16.

Cisco Systems (NASDAQ:CSCO) last posted its 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 return on equity of 27.29% and a net margin of 18.38%.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 previous year, the firm earned $0.91 earnings per share. The company’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. Analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.0%. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $80.33, for a total transaction of $34,381.24. Following the transaction, the senior vice president owned 32,176 shares of the company’s stock, valued at $2,584,698.08. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Capellas sold 10,850 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $77.13, for a total value of $836,860.50. Following the transaction, the director directly owned 146,368 shares in the company, valued at $11,289,363.84. The trade was a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,044,865 shares of company stock valued at $81,397,635 in the last ninety days. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane upped their target price on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. KeyCorp raised their price objective on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Zacks Research upgraded shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Melius Research increased their price target on Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.81.

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.