Providence First Trust Co Invests $753,000 in Cisco Systems, Inc. $CSCO

Providence First Trust Co purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,779 shares of the network equipment provider’s stock, valued at approximately $753,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AssuredPartners Investment Advisors LLC boosted its position in Cisco Systems by 3.9% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 89,338 shares of the network equipment provider’s stock valued at $6,882,000 after purchasing an additional 3,316 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cisco Systems by 0.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 811,337 shares of the network equipment provider’s stock worth $62,497,000 after buying an additional 6,593 shares during the last quarter. Garner Asset Management Corp increased its holdings in Cisco Systems by 2.1% in the fourth quarter. Garner Asset Management Corp now owns 9,969 shares of the network equipment provider’s stock worth $768,000 after buying an additional 201 shares during the last quarter. McIlrath & Eck LLC raised its position in Cisco Systems by 2.6% during the fourth quarter. McIlrath & Eck LLC now owns 10,890 shares of the network equipment provider’s stock valued at $839,000 after acquiring an additional 276 shares in the last quarter. Finally, Hemenway Trust Co LLC lifted its stake in Cisco Systems by 13.2% in the fourth quarter. Hemenway Trust Co LLC now owns 3,444 shares of the network equipment provider’s stock valued at $265,000 after acquiring an additional 402 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CSCO shares. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Friday, April 24th. BNP Paribas Exane lifted their price objective on Cisco Systems from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. DZ Bank upgraded Cisco Systems to a “strong-buy” rating in a report on Friday, February 13th. Citigroup boosted their target price on shares of Cisco Systems from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $90.29.

Insider Activity at Cisco Systems

In other news, CEO Charles Robbins sold 19,545 shares of Cisco Systems stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $76.00, for a total transaction of $1,485,420.00. Following the transaction, the chief executive officer owned 671,095 shares in the company, valued at $51,003,220. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Maria Victoria Wong sold 551 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $77.54, for a total value of $42,724.54. Following the completion of the transaction, the senior vice president owned 27,957 shares of the company’s stock, valued at $2,167,785.78. This represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,431 shares of company stock valued at $3,574,820 over the last 90 days. Insiders own 0.01% of the company’s stock.

Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Evercore raised its price target on Cisco to $110 and kept an “outperform” rating, signaling analyst confidence in upside tied to Cisco’s product mix (about a 17% implied upside from recent levels). Evercore price target raise
• Positive Sentiment: Cisco announced plans to acquire Israeli cybersecurity firm Astrix Security, expanding its access/connectivity security capabilities — a move that should accelerate product-led sales and M&A synergy messaging. Cisco to acquire Israeli co Astrix Security
• Positive Sentiment: Cisco is pushing security momentum by adding Qmulos to its SolutionsPlus program and integrating compliance analytics with its broader security portfolio (and deeper Splunk ties), which simplifies procurement and upsell opportunities to enterprise customers. Cisco Security Push With Astrix And Qmulos
• Positive Sentiment: Analysts (Evercore coverage) argue Cisco’s Silicon One ASIC business is underappreciated and could be a multi?year growth driver for routing and AI networking — supportive for longer?term revenue and margin upside. Silicon One underappreciated
• Positive Sentiment: Longer?term tech roadmap: Cisco highlighted a Universal Quantum Switch for routing quantum information over standard fiber — a strategic signal that Cisco is positioning for future, high?value networking platforms. Universal Quantum Switch
• Neutral Sentiment: Partner ecosystem news: C1 earned full Preferred status across Cisco 360 designations — positive for channel execution but incremental vs. the larger company story. C1 Preferred Partner status
• Neutral Sentiment: Broader market context: tech stocks were mixed in recent sessions; some industry earnings (Microchip, Gen Digital, News Corp, BlackBerry) are being watched by investors but are not directly tied to Cisco’s fundamentals. Tech stocks mixed

Cisco Systems Stock Performance

CSCO stock opened at $94.30 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. The company has a market cap of $372.47 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 3.49 and a beta of 0.92. The business’s fifty day moving average is $81.77 and its 200-day moving average is $78.24. Cisco Systems, Inc. has a twelve month low of $58.58 and a twelve month high of $94.72.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, February 11th. The network equipment provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.02. The company had revenue of $15.35 billion for the quarter, compared to analyst estimates of $15.11 billion. Cisco Systems had a net margin of 19.22% and a return on equity of 27.88%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. Equities research analysts forecast that Cisco Systems, Inc. will post 3.4 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Thursday, April 2nd were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.8%. This is an increase from Cisco Systems’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, April 2nd. Cisco Systems’s dividend payout ratio is currently 58.95%.

Cisco Systems Company Profile

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.