Cadence Bank Has $12.48 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Cadence Bank increased its holdings in Cisco Systems by 3.2% in the first quarter, owning 202,252 shares valued at approximately $12.48 million.
• Insider transactions showed Jeetendra I. Patel sold 9,061 shares on August 15 at an average price of $66.60, reducing his ownership by 3.68%.
• Cisco Systems reported a 7.6% year-over-year increase in revenue, with earnings per share of $0.99, surpassing estimates of $0.98.

Cadence Bank boosted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,252 shares of the network equipment provider's stock after buying an additional 6,323 shares during the period. Cisco Systems comprises 0.9% of Cadence Bank's investment portfolio, making the stock its 23rd largest holding. Cadence Bank's holdings in Cisco Systems were worth $12,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSCO. Navigoe LLC acquired a new stake in Cisco Systems during the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Cisco Systems in the fourth quarter worth approximately $26,000. JDM Financial Group LLC lifted its position in shares of Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth approximately $31,000. Finally, Fairway Wealth LLC lifted its position in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 475 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $68.61, for a total value of $32,589.75. Following the completion of the sale, the senior vice president directly owned 34,630 shares of the company's stock, valued at $2,375,964.30. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,118 shares of company stock valued at $8,847,167 in the last ninety days. Company insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 0.4%

Shares of Cisco Systems stock opened at $67.32 on Friday. The stock has a market capitalization of $266.59 billion, a P/E ratio of 25.69, a PEG ratio of 2.85 and a beta of 0.91. 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 stock has a 50 day moving average price of $68.20 and a two-hundred day moving average price of $63.55. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations 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 was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Analyst Ratings Changes

CSCO has been the subject of a number of research analyst reports. KeyCorp initiated coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target for the company. New Street Research reissued a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Bank of America increased their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Rosenblatt Securities restated a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.53.

About Cisco Systems

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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.