CIBC Asset Management Inc Has $100.89 Million Holdings in Cisco Systems, Inc. $CSCO

CIBC Asset Management Inc cut its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,474,581 shares of the network equipment provider’s stock after selling 67,762 shares during the period. CIBC Asset Management Inc’s holdings in Cisco Systems were worth $100,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bare Financial Services Inc raised its position 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 worth $25,000 after acquiring an additional 308 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in Cisco Systems in the third quarter worth about $25,000. Financial Connections Group Inc. raised its holdings in Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Cisco Systems in the 2nd quarter valued at about $28,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 96.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Price Performance

Shares of CSCO stock opened at $74.59 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $80.82. The firm has a fifty day moving average of $76.62 and a 200-day moving average of $71.76. The firm has a market capitalization of $294.71 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results 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 firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The company’s revenue 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. On average, equities research analysts forecast 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 was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CSCO shares. President Capital cut their price objective on shares of Cisco Systems from $90.00 to $88.00 in a report on Wednesday, December 24th. Citigroup upped their target price 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 reissued a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price target on Cisco Systems from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley upped their price objective on Cisco Systems from $82.00 to $91.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and an average target price of $85.86.

Insider Activity

In related news, Director Kristina M. Johnson sold 13,481 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $77.13, for a total value of $1,039,789.53. Following the sale, the director directly owned 61,630 shares of the company’s stock, valued at approximately $4,753,521.90. The trade was a 17.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $80.33, for a total transaction of $34,381.24. Following the completion of the transaction, the senior vice president directly owned 32,176 shares of the company’s stock, valued at approximately $2,584,698.08. The trade was a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,044,865 shares of company stock worth $81,397,635. Corporate insiders own 0.01% of the company’s stock.

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.