Cisco Systems (NASDAQ:CSCO) Stock Price Up 2.3% on Analyst Upgrade

Cisco Systems, Inc. (NASDAQ:CSCO)’s share price shot up 2.3% during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $90.00 to $95.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Cisco Systems traded as high as $87.25 and last traded at $86.78. 22,862,468 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 21,076,289 shares. The stock had previously closed at $84.82.

CSCO has been the subject of a number of other research reports. Argus raised their price target on shares of Cisco Systems from $80.00 to $100.00 in a report on Thursday, November 13th. BNP Paribas Exane upped their target price on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. Evercore ISI lifted their price target on Cisco Systems from $100.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Bank of America boosted their price target on Cisco Systems from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Citic Securities raised their price objective on Cisco Systems from $75.00 to $90.00 in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.45.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 56,038 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total value of $4,389,456.54. Following the sale, the executive vice president owned 179,780 shares in the company, valued at $14,082,167.40. This represents a 23.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeetendra I. Patel sold 163,896 shares of Cisco Systems stock in a transaction that occurred 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 transaction, the insider owned 281,108 shares of the company’s stock, valued at approximately $21,887,068.88. This represents a 36.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,044,865 shares of company stock worth $81,397,635. 0.01% of the stock is currently owned by company insiders.

Institutional Trading of Cisco Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Smithfield Trust Co increased its stake in shares of Cisco Systems by 0.3% in the 4th quarter. Smithfield Trust Co now owns 33,666 shares of the network equipment provider’s stock valued at $2,596,000 after purchasing an additional 117 shares in the last quarter. Cairn Investment Group Inc. boosted its position in Cisco Systems by 0.5% during the fourth quarter. Cairn Investment Group Inc. now owns 24,146 shares of the network equipment provider’s stock worth $1,860,000 after purchasing an additional 130 shares in the last quarter. Juncture Wealth Strategies LLC grew its holdings in Cisco Systems by 0.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 15,042 shares of the network equipment provider’s stock valued at $1,159,000 after purchasing an additional 132 shares during the period. Clearwater Capital Advisors LLC increased its position in shares of Cisco Systems by 2.5% in the fourth quarter. Clearwater Capital Advisors LLC now owns 5,407 shares of the network equipment provider’s stock valued at $417,000 after buying an additional 132 shares in the last quarter. Finally, Northstar Advisory Group LLC increased its position in shares of Cisco Systems by 1.6% in the fourth quarter. Northstar Advisory Group LLC now owns 8,203 shares of the network equipment provider’s stock valued at $632,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Trading Up 2.3%

The firm has a market capitalization of $342.76 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 3.21 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 company has a 50 day moving average price of $77.57 and a two-hundred day moving average price of $72.78.

Cisco Systems (NASDAQ:CSCO) last released its quarterly 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. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. Cisco Systems had a net margin of 18.38% and a return on equity of 27.29%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. 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, research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, January 2nd. Cisco Systems’s dividend payout ratio is 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.