Annex Advisory Services LLC Boosts Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Annex Advisory Services LLC has significantly increased its stake in Cisco Systems by 97.7%, now owning 51,239 shares worth approximately $3.55 million.
• Cisco Systems reported quarterly earnings of $0.99 per share, exceeding expectations, with revenue of $14.67 billion, reflecting a 7.6% year-over-year increase.
• The company announced a quarterly dividend of $0.41 per share, representing an annual yield of 2.4%, with an ex-dividend date of October 3rd.

Annex Advisory Services LLC lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 97.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,239 shares of the network equipment provider's stock after buying an additional 25,328 shares during the period. Annex Advisory Services LLC's holdings in Cisco Systems were worth $3,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pandora Wealth Inc. bought a new position in shares of Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new stake in shares of Cisco Systems during the first quarter worth $31,000. Fairway Wealth LLC grew its stake in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the last quarter. Accent Capital Management LLC bought a new stake in shares of Cisco Systems in the first quarter worth $36,000. Finally, Investment Management Corp VA ADV grew its stake in shares of Cisco Systems by 145.3% in the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSCO shares. HSBC restated a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Wells Fargo & Company upped their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Down 0.4%

Shares of CSCO traded down $0.28 during midday trading on Tuesday, hitting $67.48. The stock had a trading volume of 9,139,284 shares, compared to its average volume of 21,101,436. Cisco Systems, Inc. has a 1 year low of $52.01 and a 1 year high of $72.55. The firm has a market cap of $266.74 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The stock's 50 day moving average is $68.14 and its 200 day moving average is $64.17.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio 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.