Mizuho Markets Cayman LP Lowers Stock Position in Cisco Systems, Inc. $CSCO

Mizuho Markets Cayman LP trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,500 shares of the network equipment provider’s stock after selling 9,940 shares during the period. Mizuho Markets Cayman LP’s holdings in Cisco Systems were worth $4,694,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lavaca Capital LLC grew its position in Cisco Systems by 41.5% during the first quarter. Lavaca Capital LLC now owns 1,797 shares of the network equipment provider’s stock valued at $139,000 after acquiring an additional 527 shares during the period. Levin Capital Strategies L.P. acquired a new stake in Cisco Systems during the first quarter worth about $15,384,000. Measured Wealth Private Client Group LLC raised its holdings in shares of Cisco Systems by 6.4% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 5,607 shares of the network equipment provider’s stock worth $435,000 after purchasing an additional 335 shares during the period. Signature Equity Partners LLC lifted its stake in shares of Cisco Systems by 148.1% in the 1st quarter. Signature Equity Partners LLC now owns 7,099 shares of the network equipment provider’s stock valued at $551,000 after purchasing an additional 4,238 shares in the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Cisco Systems by 1.8% in the 1st quarter. CI Investments Inc. now owns 377,814 shares of the network equipment provider’s stock valued at $29,315,000 after purchasing an additional 6,563 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 7,169 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $117.28, for a total transaction of $840,780.32. Following the completion of the sale, the insider directly owned 246,737 shares in the company, valued at $28,937,315.36. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,761 shares of Cisco Systems stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $114.61, for a total value of $316,438.21. Following the sale, the executive vice president directly owned 180,877 shares in the company, valued at approximately $20,730,312.97. The trade was a 1.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock worth $5,668,823 over the last quarter. Company insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Cisco Systems from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Weiss Ratings raised shares of Cisco Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. New Street Research boosted their price objective on shares of Cisco Systems from $82.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Bank of America increased their price objective on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Wells Fargo & Company raised their target price on shares of Cisco Systems from $95.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.14.

Cisco Systems Trading Up 0.0%

CSCO opened at $112.21 on Thursday. The firm’s 50 day moving average is $118.10 and its 200-day moving average is $94.17. Cisco Systems, Inc. has a 52-week low of $65.75 and a 52-week high of $130.37. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $442.27 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.86 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Analysts expect that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, July 6th. Cisco Systems’s dividend payout ratio is presently 54.55%.

Cisco Systems 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.