4,267 Shares in Cisco Systems, Inc. $CSCO Bought by Avaii Wealth Management LLC

Key Points

• Avaii Wealth Management LLC has acquired a new position in Cisco Systems, purchasing 4,267 shares valued at approximately $296,000.
• Analysts have a consensus rating of "Moderate Buy" for Cisco Systems, with a target price averaging $74.53, including significant upgrades from UBS Group and KeyCorp.
• Cisco Systems announced a quarterly dividend of $0.41 per share, to be paid on October 22nd, representing an annual yield of 2.4%.

Avaii Wealth Management LLC acquired a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,267 shares of the network equipment provider's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems during the 1st quarter valued at $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems during the first quarter valued at approximately $31,000. Fairway Wealth LLC lifted its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Accent Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter valued at about $36,000. Finally, Investment Management Corp VA ADV grew its holdings in shares of Cisco Systems by 145.3% during the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after acquiring an additional 353 shares during the period. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of analyst reports. UBS Group upped their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. HSBC reiterated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. KeyCorp assumed coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the transaction, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. This represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the transaction, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last 90 days. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.3%

CSCO stock opened at $67.32 on Thursday. The stock has a market capitalization of $266.13 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The firm's fifty day simple moving average is $68.15 and its two-hundred day simple moving average is $64.21. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

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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