Wellington Capital Management Inc. Buys Shares of 42,115 Cisco Systems, Inc. $CSCO
by Sarita Garza · The Markets DailyWellington Capital Management Inc. purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 42,115 shares of the network equipment provider’s stock, valued at approximately $2,922,000. Cisco Systems makes up about 4.1% of Wellington Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding.
Several other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cisco Systems in the second quarter worth about $3,816,825,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Cisco Systems by 413.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 22,393,371 shares of the network equipment provider’s stock valued at $1,553,645,000 after buying an additional 18,030,441 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Cisco Systems during the 2nd quarter valued at $904,542,000. Franklin Resources Inc. lifted its position in shares of Cisco Systems by 46.2% during the second quarter. Franklin Resources Inc. now owns 40,836,858 shares of the network equipment provider’s stock worth $2,833,261,000 after acquiring an additional 12,904,969 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Cisco Systems by 6,778.2% in the second quarter. Laurel Wealth Advisors LLC now owns 6,810,012 shares of the network equipment provider’s stock worth $472,479,000 after acquiring an additional 6,711,004 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. CICC Research boosted their price target on shares of Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. UBS Group increased their price objective on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Barclays boosted their target price on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Finally, Citic Securities raised their price target on Cisco Systems from $75.00 to $90.00 in a report on Monday, November 17th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.14.
View Our Latest Analysis on Cisco Systems
Insider Activity at Cisco Systems
In other news, EVP Thimaya K. Subaiya sold 56,038 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the transaction, the executive vice president directly owned 179,780 shares of the company’s stock, valued at approximately $14,082,167.40. This trade represents a 23.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of Cisco Systems stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the transaction, the executive vice president directly owned 196,738 shares in the company, valued at $15,316,053.30. This trade represents a 45.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,021,910 shares of company stock worth $79,463,804 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.
Cisco Systems Trading Down 1.9%
NASDAQ CSCO opened at $77.80 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. The stock’s 50-day simple moving average is $73.77 and its two-hundred day simple moving average is $69.73. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.82. The company has a market capitalization of $307.39 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.94 and a beta of 0.87.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $14.88 billion for 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%.Cisco Systems’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio is 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.
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