Bright Rock Capital Acquires 60,000 Shares of Cisco Systems

Bright Rock Capital Management LLC has acquired a new stake in Cisco Systems, Inc. (NASDAQ: CSCO) during the third quarter of the year. The investment firm purchased 60,000 shares of the network equipment provider, valued at approximately $6,458,000, according to its recent filing with the Securities and Exchange Commission.

Other institutional investors have also adjusted their positions in Cisco Systems. Argent Capital Management LLC increased its holdings by 2,132.9%, now owning 91,750 shares worth $9,875,000. Heartwood Wealth Advisors LLC boosted its position by 9.9%, while Rockland Trust Co. saw a significant increase of 1,193.6% in its stake. Violich Capital Management Inc. raised its position by 0.7%, and Polaris Financial Partners acquired a new position valued at approximately $111,000. Overall, institutional investors own 73.33% of Cisco Systems' stock.

In contrast, insiders have been selling shares. EVP Deborah L. Stahlkopf sold 6,487 shares on August 14th for $723,495.11, reducing her position by 3.74%. Insider Jeetendra I. Patel sold 7,170 shares for $799,956.90, decreasing his position by 3.02%. Insiders sold a total of 44,869 shares worth $5,005,620 over the last three months, with insiders owning only 0.01% of the company's stock.

Cisco Systems' stock traded down 0.1% on Monday, reaching $112.11. The company has a market capitalization of $441.98 billion, a price-to-earnings ratio of 33.60, and a PEG ratio of 2.35. Cisco Systems reported strong quarterly earnings, beating estimates with $1.22 earnings per share and $17.25 billion in revenue. The company has set its FY 2027 guidance at $5.050-$5.110 EPS and its Q1 2027 guidance at $1.320-$1.340 EPS. Analysts have given the stock a consensus rating of 'Moderate Buy' with a target price of $128.52.