Cisco Systems, Inc. $CSCO Shares Bought by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1,233.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,353 shares of the network equipment provider’s stock after buying an additional 108,549 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Cisco Systems were worth $8,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Embree Financial Group boosted its holdings in Cisco Systems by 1.9% during the 3rd quarter. Embree Financial Group now owns 62,484 shares of the network equipment provider’s stock valued at $4,275,000 after acquiring an additional 1,156 shares during the period. Talbot Financial LLC boosted its stake in shares of Cisco Systems by 5.4% in the third quarter. Talbot Financial LLC now owns 234,822 shares of the network equipment provider’s stock valued at $16,067,000 after purchasing an additional 12,117 shares during the period. Marshall Financial Group LLC grew its holdings in shares of Cisco Systems by 3.8% in the third quarter. Marshall Financial Group LLC now owns 33,088 shares of the network equipment provider’s stock valued at $2,264,000 after purchasing an additional 1,221 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in Cisco Systems during the 3rd quarter worth approximately $230,000. Finally, Osprey Private Wealth LLC lifted its holdings in Cisco Systems by 28.4% during the 3rd quarter. Osprey Private Wealth LLC now owns 61,985 shares of the network equipment provider’s stock worth $4,241,000 after buying an additional 13,700 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 1.3%

NASDAQ:CSCO opened at $76.95 on Friday. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $80.82. The stock has a market cap of $304.04 billion, a P/E ratio of 28.93, a P/E/G ratio of 2.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 0.93. The stock has a 50-day simple moving average of $74.38 and a 200-day simple moving average of $70.07.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. 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. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given 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 of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.

Insider Activity

In related news, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 281,108 shares of the company’s stock, valued at $21,887,068.88. The trade was a 36.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 116,734 shares of the company’s stock in a transaction on 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 owned 704,153 shares of the company’s stock, valued at $54,431,026.90. This represents a 14.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,017,865 shares of company stock worth $79,312,702 over the last three months. Company insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Cisco Systems from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. Melius Research upped their price target on Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Citigroup lifted their price objective on Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, 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. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.55.

Cisco Systems 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.