Bragg Financial Advisors Inc Has $21.90 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Bragg Financial Advisors Inc has reduced its holdings in Cisco Systems by 1.2%, now owning 354,834 shares valued at approximately $21.9 million.
• Insider activity at Cisco includes EVP Oliver Tuszik selling 15,000 shares at an average price of $63.53, decreasing his ownership by 10.23%.
• Cisco Systems reported $0.99 earnings per share for the last quarter, surpassing estimates, along with a revenue increase of 7.6% year-over-year.

Bragg Financial Advisors Inc reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 354,834 shares of the network equipment provider's stock after selling 4,374 shares during the quarter. Bragg Financial Advisors Inc's holdings in Cisco Systems were worth $21,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norinchukin Bank The increased its position in Cisco Systems by 42.1% in the 1st quarter. Norinchukin Bank The now owns 320,657 shares of the network equipment provider's stock valued at $19,788,000 after acquiring an additional 95,064 shares during the period. CW Advisors LLC grew its holdings in Cisco Systems by 11.6% in the first quarter. CW Advisors LLC now owns 429,218 shares of the network equipment provider's stock worth $26,470,000 after purchasing an additional 44,509 shares during the period. Summit Financial LLC grew its holdings in Cisco Systems by 25.9% in the first quarter. Summit Financial LLC now owns 103,557 shares of the network equipment provider's stock worth $6,390,000 after purchasing an additional 21,282 shares during the period. Tiemann Investment Advisors LLC grew its holdings in Cisco Systems by 3.6% in the first quarter. Tiemann Investment Advisors LLC now owns 18,477 shares of the network equipment provider's stock worth $1,140,000 after purchasing an additional 650 shares during the period. Finally, Accredited Wealth Management LLC grew its holdings in Cisco Systems by 173.9% in the first quarter. Accredited Wealth Management LLC now owns 1,693 shares of the network equipment provider's stock worth $104,000 after purchasing an additional 1,075 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $63.53, for a total transaction of $952,950.00. Following the completion of the transaction, the executive vice president owned 131,676 shares of the company's stock, valued at approximately $8,365,376.28. The trade was a 10.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,118 shares of company stock valued at $8,847,167 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. HSBC restated a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $67.11 on Thursday. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a 50-day simple moving average of $68.09 and a 200 day simple moving average of $63.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market capitalization of $265.76 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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 27.02%. The company's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. 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, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's payout ratio is currently 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.

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