Cisco Systems (NASDAQ:CSCO) Trading Up 1.8% on Analyst Upgrade

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) were up 1.8% on Monday after UBS Group upgraded the stock from a neutral rating to a buy rating. UBS Group now has a $88.00 price target on the stock, up from their previous price target of $74.00. Cisco Systems traded as high as $74.84 and last traded at $74.45. Approximately 21,657,968 shares were traded during trading, an increase of 5% from the average daily volume of 20,686,410 shares. The stock had previously closed at $73.11.

CSCO has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. Barclays lifted their price target on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Piper Sandler lifted their price target on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research report on Thursday, August 14th. Finally, HSBC reiterated a “hold” rating and set a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.50.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. The trade was a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Cisco Systems

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 purchasing an additional 5,039,714 shares during the period. State Street Corp increased 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 worth $13,507,956,000 after purchasing an additional 1,067,872 shares during the period. Geode Capital Management LLC increased its stake in Cisco Systems by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock worth $6,864,058,000 after purchasing an additional 1,157,704 shares during the period. Norges Bank purchased a new position in Cisco Systems in the 2nd quarter worth approximately $3,816,825,000. Finally, Invesco Ltd. increased its stake in Cisco Systems by 3.0% in the 2nd 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 period. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.8%

The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $68.97 and a 200 day simple moving average of $66.48. The firm has a market capitalization of $293.39 billion, a PE ratio of 28.42, a PEG ratio of 3.00 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. Cisco Systems’s payout ratio is 62.60%.

About Cisco Systems

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.