Allen Wealth Management LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,218 shares of the network equipment provider's stock after selling 4,224 shares during the quarter. Cisco Systems makes up 2.4% of Allen Wealth Management LLC's portfolio, making the stock its 7th biggest position. Allen Wealth Management LLC's holdings in Cisco Systems were worth $3,484,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the first quarter worth about $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems in the first quarter worth about $31,000. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems in the second quarter worth about $32,000. Fairway Wealth LLC raised its stake in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after buying an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in Cisco Systems during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.33% of the company's stock.
Insider Buying and Selling at Cisco Systems
In related news, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction 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 transaction, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the transaction, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by insiders.
Cisco Systems Stock Down 0.5%
CSCO opened at $69.96 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a market capitalization of $276.57 billion, a PE ratio of 26.70, a P/E/G ratio of 2.96 and a beta of 0.97. The stock's fifty day moving average is $68.22 and its 200-day moving average is $64.81. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55.
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, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the company earned $0.87 EPS. Cisco Systems's revenue 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. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. KeyCorp assumed coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Bank of America increased their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price target on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.
Read Our Latest Research Report on CSCO
About Cisco Systems
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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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