Bleakley Financial Group LLC Has $11.14 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Bleakley Financial Group LLC increased its holdings in Cisco Systems by 6.8% in the 2nd quarter, now owning 160,561 shares valued at approximately $11.14 million.
• Insider trading activity saw executives Jeetendra I. Patel and Oliver Tuszik sell shares, with total insider sales amounting to $5.56 million over the last three months.
• Recent analyst ratings include multiple "buy" recommendations and a range of price targets, with a current average price target for Cisco Systems of $74.72.

Bleakley Financial Group LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,561 shares of the network equipment provider's stock after acquiring an additional 10,174 shares during the period. Bleakley Financial Group LLC's holdings in Cisco Systems were worth $11,140,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Connections Group Inc. increased its holdings in Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems during the second quarter worth about $32,000. Pandora Wealth Inc. bought a new position in shares of Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC raised its position in Cisco Systems by 224.7% in the 1st 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 during the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 in the last three months. 0.01% of the stock is owned by insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Stock Performance

Shares of CSCO opened at $70.66 on Thursday. The company has a market cap of $279.33 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. The firm has a 50-day moving average of $68.19 and a 200-day moving average of $65.38. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. 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 issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the firm earned $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

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.

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