AQR Capital Management LLC Has $347.33 Million Holdings in Cisco Systems, Inc. $CSCO

AQR Capital Management LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 7.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,010,468 shares of the network equipment provider’s stock after selling 408,135 shares during the period. AQR Capital Management LLC owned 0.13% of Cisco Systems worth $347,326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Bare Financial Services Inc boosted its stake in shares of Cisco Systems by 531.0% during the second quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock valued at $25,000 after purchasing an additional 308 shares in the last quarter. Financial Connections Group Inc. increased its stake in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the period. Legacy Investment Solutions LLC bought a new position in Cisco Systems in the 2nd quarter valued at approximately $28,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the 1st quarter worth approximately $31,000. Finally, Brown Shipley& Co Ltd bought a new stake in Cisco Systems during the 2nd quarter worth approximately $32,000. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

CSCO has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Melius Research upped their price target on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. CICC Research raised 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. Finally, Citigroup upped their target price on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,745 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.46, for a total value of $138,657.70. Following the sale, the executive vice president owned 176,319 shares in the company, valued at $14,010,307.74. This represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles Robbins sold 116,734 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $77.30, for a total transaction of $9,023,538.20. Following the completion of the transaction, the chief executive officer directly owned 704,153 shares in the company, valued at approximately $54,431,026.90. The trade was a 14.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,021,910 shares of company stock worth $79,463,804 in the last quarter. Insiders own 0.01% of the company’s stock.

Cisco Systems Price Performance

CSCO stock opened at $77.80 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.83. The company’s 50-day moving average is $73.77 and its 200-day moving average is $69.69. The stock has a market capitalization of $307.40 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 3.00 and a beta of 0.87. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $80.82.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping 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 business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. 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 research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is currently 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.