Allstate Corp Increases Stock Position in Cisco Systems, Inc. $CSCO

Allstate Corp grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 105.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 300,816 shares of the network equipment provider’s stock after purchasing an additional 154,747 shares during the period. Allstate Corp’s holdings in Cisco Systems were worth $23,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EQ Wealth Advisors LLC purchased a new stake in shares of Cisco Systems in the fourth quarter valued at about $31,000. Board of the Pension Protection Fund purchased a new stake in shares of Cisco Systems in the fourth quarter valued at about $31,000. Anfield Capital Management LLC raised its holdings in shares of Cisco Systems by 248.9% in the fourth quarter. Anfield Capital Management LLC now owns 485 shares of the network equipment provider’s stock valued at $37,000 after purchasing an additional 346 shares during the last quarter. Joseph Group Capital Management purchased a new stake in shares of Cisco Systems in the fourth quarter valued at about $38,000. Finally, Luken Investment Analytics LLC raised its holdings in shares of Cisco Systems by 418.0% in the fourth quarter. Luken Investment Analytics LLC now owns 518 shares of the network equipment provider’s stock valued at $40,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $120.41 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $474.59 billion, a PE ratio of 39.09, a P/E/G ratio of 3.66 and a beta of 0.92. Cisco Systems, Inc. has a twelve month low of $62.30 and a twelve month high of $120.79. The company has a 50-day moving average price of $90.19 and a two-hundred day moving average price of $81.91.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Equities analysts forecast that Cisco Systems, Inc. will post 3.44 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s dividend payout ratio (DPR) is currently 54.55%.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,169 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.28, for a total transaction of $840,780.32. Following the completion of the transaction, the insider owned 246,737 shares in the company, valued at $28,937,315.36. This trade represents a 2.82% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 7,981 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $79.50, for a total transaction of $634,489.50. Following the transaction, the executive vice president owned 187,097 shares of the company’s stock, valued at $14,874,211.50. This represents a 4.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 29,924 shares of company stock valued at $2,991,192. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on CSCO shares. DZ Bank upgraded shares of Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Cisco Systems in a report on Thursday, February 12th. Truist Financial started coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a “buy” rating and a $94.00 target price for the company. Piper Sandler increased their target price on shares of Cisco Systems from $86.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Evercore increased their price target on shares of Cisco Systems from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.14.

Cisco Systems 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.