Alexis Investment Partners LLC Grows Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Alexis Investment Partners LLC significantly increased its holdings in Cisco Systems by 9,900%, acquiring a total of 5,000 shares valued at $304,000.
• Cisco reported earnings of $0.99 per share, beating analysts' estimates and marking a 7.6% year-over-year revenue increase with total revenue of $14.67 billion.
• The company declared a quarterly dividend of $0.41, which will be paid on October 22nd, yielding an annualized dividend of 2.4%.

Alexis Investment Partners LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9,900.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the network equipment provider's stock after acquiring an additional 4,950 shares during the period. Alexis Investment Partners LLC's holdings in Cisco Systems were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CSCO. Kornitzer Capital Management Inc. KS lifted its holdings in Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock valued at $55,049,000 after acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after acquiring an additional 612 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after acquiring an additional 904,548 shares during the last quarter. Investment Management Corp of Ontario lifted its holdings in Cisco Systems by 44.6% in the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock valued at $11,454,000 after acquiring an additional 59,680 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after acquiring an additional 2,839 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Down 1.6%

NASDAQ:CSCO traded down $1.09 during trading hours on Friday, hitting $66.90. The company's stock had a trading volume of 21,048,179 shares, compared to its average volume of 20,822,246. The stock has a fifty day moving average of $68.44 and a 200-day moving average of $63.89. The stock has a market capitalization of $264.47 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its 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. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,311 shares of company stock valued at $5,916,823. Corporate insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CSCO. New Street Research reiterated a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a report on Friday, May 16th. HSBC restated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Bank of America lifted their target price on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

About Cisco Systems

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.