Citizens Financial Group Inc. RI Increases Position in Cisco Systems, Inc. $CSCO

Citizens Financial Group Inc. RI boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 316,343 shares of the network equipment provider’s stock after purchasing an additional 8,310 shares during the period. Citizens Financial Group Inc. RI’s holdings in Cisco Systems were worth $21,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alley Investment Management Company LLC grew its position in shares of Cisco Systems by 2.2% during the third quarter. Alley Investment Management Company LLC now owns 112,435 shares of the network equipment provider’s stock worth $7,693,000 after buying an additional 2,373 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Cisco Systems in the third quarter valued at $25,000. Tema Etfs LLC bought a new position in Cisco Systems during the 3rd quarter valued at $5,482,000. Towercrest Capital Management grew its holdings in Cisco Systems by 44.9% during the 3rd quarter. Towercrest Capital Management now owns 9,791 shares of the network equipment provider’s stock worth $670,000 after acquiring an additional 3,034 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its position in shares of Cisco Systems by 115.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 468 shares of the network equipment provider’s stock worth $32,000 after purchasing an additional 251 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Maria Victoria Wong sold 428 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $80.33, for a total value of $34,381.24. Following the completion of the sale, the senior vice president owned 32,176 shares of the company’s stock, valued at $2,584,698.08. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,745 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $79.46, for a total transaction of $138,657.70. Following the transaction, the executive vice president directly owned 176,319 shares in the company, valued at approximately $14,010,307.74. The trade was a 0.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,044,865 shares of company stock worth $81,397,635 over the last ninety days. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of research reports. President Capital decreased their price target on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Barclays increased their target price on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. HSBC boosted their price target on Cisco Systems from $69.00 to $74.00 and gave the company a “hold” rating in a report on Friday, November 14th. Evercore ISI raised their price objective on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research note on Thursday, November 13th. Finally, Piper Sandler lifted their price objective on shares of Cisco Systems from $70.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Sixteen 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, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $85.23.

Cisco Systems Stock Performance

Shares of CSCO opened at $73.88 on Monday. The firm has a fifty day moving average of $76.39 and a 200-day moving average of $71.40. The company has a market cap of $291.91 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.79 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. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $80.82.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. During the same period last year, the firm posted $0.91 EPS. Cisco Systems’s quarterly 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. As a group, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a yield of 2.2%. Cisco Systems’s payout ratio is presently 61.65%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.