Baker Avenue Asset Management LP Purchases 8,135 Shares of Cisco Systems, Inc. $CSCO

Baker Avenue Asset Management LP grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 29.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,466 shares of the network equipment provider’s stock after buying an additional 8,135 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Cisco Systems were worth $2,461,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after acquiring an additional 2,474 shares in the last quarter. Cove Private Wealth LLC lifted its holdings in shares of Cisco Systems by 34.3% in the first quarter. Cove Private Wealth LLC now owns 18,443 shares of the network equipment provider’s stock worth $1,138,000 after acquiring an additional 4,713 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Cisco Systems by 1.8% in the first quarter. Independent Advisor Alliance now owns 105,026 shares of the network equipment provider’s stock worth $6,481,000 after acquiring an additional 1,871 shares during the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in shares of Cisco Systems by 0.9% in the 1st quarter. Meridian Wealth Management LLC now owns 21,759 shares of the network equipment provider’s stock valued at $1,341,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CSCO shares. Wells Fargo & Company increased their price objective on shares of Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Argus upped their price target on shares of Cisco Systems from $80.00 to $100.00 in a report on Thursday, November 13th. UBS Group raised their price objective on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Piper Sandler increased their target price on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 281,860 shares of Cisco Systems stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the completion of the transaction, the chief executive officer directly owned 820,887 shares in the company, valued at $64,316,496.45. This trade represents a 25.56% 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, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.86, for a total value of $12,760,942.56. Following the transaction, the insider owned 281,108 shares of the company’s stock, valued at $21,887,068.88. This trade represents a 36.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,024,627 shares of company stock worth $79,621,482 in the last quarter. Company insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.1%

CSCO opened at $78.86 on Tuesday. The company has a fifty day moving average of $72.90 and a 200-day moving average of $69.32. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.06. 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 stock has a market cap of $311.58 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings data 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 company had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’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. On average, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s payout ratio is 61.65%.

Cisco Systems Company Profile

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.