Aprio Wealth Management LLC Buys 7,362 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Aprio Wealth Management LLC has increased its stake in Cisco Systems by 66.6%, acquiring an additional 7,362 shares, bringing its total holdings to 18,414 shares valued at approximately $1.14 million.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, slightly exceeding analysts' expectations, with a year-over-year revenue increase of 7.6%, totaling $14.67 billion.
• The company announced a quarterly dividend of $0.41 per share, set to be paid on October 22, with an annualized dividend yield of 2.4%.

Aprio Wealth Management LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 66.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,414 shares of the network equipment provider's stock after acquiring an additional 7,362 shares during the quarter. Aprio Wealth Management LLC's holdings in Cisco Systems were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC lifted its position in Cisco Systems by 2.9% during the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock valued at $349,000 after buying an additional 159 shares during the period. Legacy Financial Group Inc. lifted its position in Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after buying an additional 169 shares during the period. Capital Advantage Inc. lifted its position in Cisco Systems by 1.0% during the fourth quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock valued at $1,028,000 after buying an additional 172 shares during the period. Avalon Trust Co lifted its position in Cisco Systems by 5.4% during the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after buying an additional 177 shares during the period. Finally, Rossmore Private Capital lifted its position in Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock valued at $4,272,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the sale, the senior vice president directly owned 31,468 shares in the company, valued at $2,117,167.04. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,311 shares of company stock worth $5,916,823 in the last three months. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on CSCO. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $65.00 to $73.00 in a research report on Monday, June 16th. CICC Research began coverage on Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target for the company. Bank of America lifted 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. HSBC reaffirmed a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. Finally, New Street Research reaffirmed a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Performance

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 20,291,668. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company's 50 day simple moving average is $68.44 and its two-hundred day simple moving average is $63.88. The company has a market cap of $264.47 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.81 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.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the company earned $0.87 EPS. Cisco Systems'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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 3rd. 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.