Belmont Capital LLC Invests $561,000 in Cisco Systems, Inc. $CSCO

Key Points

• Belmont Capital LLC acquired a new position in Cisco Systems, Inc. during Q1, purchasing 9,093 shares valued at approximately $561,000.
• Insider selling was noted, with executive Jeetendra I. Patel selling 9,061 shares for over $603,000, indicating a 3.68% decrease in ownership.
• Cisco Systems recently reported earnings of $0.99 per share for the last quarter, exceeding estimates, while announcing a quarterly dividend of $0.41, reflecting a yield of 2.4%.

Belmont Capital LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,093 shares of the network equipment provider's stock, valued at approximately $561,000.

A number of other hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA grew its holdings in Cisco Systems by 31.0% during the first quarter. Banque Transatlantique SA now owns 51,328 shares of the network equipment provider's stock worth $2,927,000 after acquiring an additional 12,142 shares during the period. Alliancebernstein L.P. grew its holdings in Cisco Systems by 13.0% during the first quarter. Alliancebernstein L.P. now owns 7,491,240 shares of the network equipment provider's stock worth $462,284,000 after acquiring an additional 863,284 shares during the period. AQR Capital Management LLC grew its holdings in Cisco Systems by 31.5% during the first quarter. AQR Capital Management LLC now owns 5,418,603 shares of the network equipment provider's stock worth $330,914,000 after acquiring an additional 1,296,897 shares during the period. Alexis Investment Partners LLC grew its holdings in Cisco Systems by 9,900.0% during the first quarter. Alexis Investment Partners LLC now owns 5,000 shares of the network equipment provider's stock worth $304,000 after acquiring an additional 4,950 shares during the period. Finally, American Trust Investment Advisors LLC grew its holdings in Cisco Systems by 2.6% during the first quarter. American Trust Investment Advisors LLC now owns 14,958 shares of the network equipment provider's stock worth $923,000 after acquiring an additional 375 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

NASDAQ CSCO traded down $1.09 during trading 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 company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $68.44 and a 200 day moving average price of $63.89. The firm has a market cap 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.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business 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. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given 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 dividend yield of 2.5%. Cisco Systems's payout ratio is currently 62.60%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. CICC Research began coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. New Street Research reiterated a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One investment 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 stock. According to MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was 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 in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,311 shares of company stock valued at $5,916,823 in the last quarter. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems 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.