AMI Asset Management Corp Purchases New Holdings in Cisco Systems, Inc. $CSCO

AMI Asset Management Corp acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 1st quarter, HoldingsChannel reports. The firm acquired 9,305 shares of the network equipment provider’s stock, valued at approximately $722,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new position in Cisco Systems during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Cisco Systems in the 4th quarter valued at approximately $25,000. Networth Advisors LLC increased its position in Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after purchasing an additional 246 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of Cisco Systems during the 4th quarter worth approximately $29,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of Cisco Systems during the 4th quarter worth approximately $31,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Trading Up 3.5%

Shares of CSCO stock opened at $117.70 on Tuesday. The stock has a market cap of $463.91 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.90 and a beta of 1.01. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. Cisco Systems, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $130.37. The business has a fifty day simple moving average of $110.46 and a 200-day simple moving average of $89.81.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion for 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 business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. 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. On average, analysts forecast that Cisco Systems, Inc. will post 3.54 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSCO. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Bank of America boosted their target price on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $77.00 to $137.00 in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $95.00 to $96.00 in a research note on Monday, May 11th. Finally, Citic Securities boosted their price objective on shares of Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $123.14.

Insider Activity

In other news, CEO Charles Robbins sold 21,400 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $120.03, for a total value of $2,568,642.00. Following the sale, the chief executive officer directly owned 637,085 shares in the company, valued at $76,469,312.55. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of Cisco Systems stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $117.28, for a total value of $840,780.32. Following the sale, the insider owned 246,737 shares of the company’s stock, valued at approximately $28,937,315.36. This represents a 2.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 47,650 shares of company stock worth $5,668,823. 0.01% of the stock is owned by corporate insiders.

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.