Investment Management Corp of Ontario Grows Position in Cisco Systems, Inc. $CSCO

by · The Cerbat Gem

Investment Management Corp of Ontario lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 48.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 303,800 shares of the network equipment provider’s stock after purchasing an additional 98,963 shares during the period. Investment Management Corp of Ontario’s holdings in Cisco Systems were worth $21,078,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in shares of Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after purchasing an additional 308 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $28,000. Financial Connections Group Inc. lifted its position in Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after buying an additional 193 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Cisco Systems during the second quarter worth $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Cisco Systems in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.1%

NASDAQ:CSCO opened at $78.86 on Tuesday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $80.06. The stock’s fifty day moving average is $72.90 and its two-hundred day moving average is $69.32. The stock has a market capitalization of $311.58 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87. 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 (NASDAQ:CSCO – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.77 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. 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 anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. Cisco Systems’s payout ratio is 61.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSCO. Evercore ISI boosted their price target on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. William Blair raised shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Barclays increased their price target on shares of Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Morgan Stanley lifted their price target on shares of Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Argus increased their price objective on Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Get Our Latest Analysis on Cisco Systems

Insider Activity

In other Cisco Systems news, SVP Maria Victoria Wong sold 9,801 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $76.38, for a total transaction of $748,600.38. Following the sale, the senior vice president directly owned 33,026 shares in the company, valued at $2,522,525.88. This represents a 22.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the completion of the transaction, the executive vice president owned 196,738 shares of the company’s stock, valued at approximately $15,316,053.30. This trade represents a 45.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,024,627 shares of company stock worth $79,621,482 over the last 90 days. Company insiders own 0.01% of the company’s stock.

About Cisco Systems

(Free Report)

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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