Fisher Asset Management LLC Has $15.91 Million Position in Cisco Systems, Inc. $CSCO

Fisher Asset Management LLC grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,375 shares of the network equipment provider’s stock after purchasing an additional 28,033 shares during the quarter. Fisher Asset Management LLC’s holdings in Cisco Systems were worth $15,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its holdings in Cisco Systems by 1.1% during the second quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after purchasing an additional 4,525 shares during the last quarter. Drive Wealth Management LLC increased its stake in Cisco Systems by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after buying an additional 436 shares during the last quarter. Shell Asset Management Co. lifted its position in shares of Cisco Systems by 53.3% during the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after buying an additional 26,840 shares in the last quarter. Guinness Asset Management LTD boosted its stake in shares of Cisco Systems by 15.9% in the 2nd quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock worth $304,451,000 after buying an additional 603,131 shares during the last quarter. Finally, Tobam grew its holdings in shares of Cisco Systems by 223.4% in the second quarter. Tobam now owns 2,642 shares of the network equipment provider’s stock valued at $183,000 after acquiring an additional 1,825 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSCO shares. CICC Research boosted their price objective on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, November 14th. Morgan Stanley lifted their target price on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Citigroup increased their price target on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research report on Thursday, October 30th. Finally, William Blair upgraded shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 9,801 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $76.38, for a total transaction of $748,600.38. Following the transaction, the senior vice president directly owned 33,026 shares in the company, valued at approximately $2,522,525.88. This represents a 22.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the transaction, the executive vice president directly owned 196,738 shares in the company, valued at approximately $15,316,053.30. This represents a 45.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,024,627 shares of company stock worth $79,621,482 in the last three months. 0.01% of the stock is owned by insiders.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $77.75 on Thursday. The firm has a market capitalization of $307.20 billion, a PE ratio of 29.23, a P/E/G ratio of 2.88 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $72.26 and a two-hundred day moving average price of $68.98. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.06.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 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 for the quarter, compared to analysts’ expectations of $14.77 billion. During the same period in the prior year, the company posted $0.91 EPS. Cisco Systems’s revenue was up 7.5% compared to the same quarter last year. 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. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

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. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

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.