Callan Family Office LLC Buys 80,358 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Callan Family Office LLC increased its stake in Cisco Systems, Inc. by 152.2% in Q2, now owning 133,154 shares valued at approximately $9.24 million.
• Cisco's latest quarterly earnings report showed an EPS of $0.99, slightly above expectations, and revenue of $14.67 billion, a 7.6% year-over-year increase.
• The company recently announced a quarterly dividend of $0.41 to be paid on October 22nd, with a current annualized yield of 2.3%.

Callan Family Office LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 152.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,154 shares of the network equipment provider's stock after purchasing an additional 80,358 shares during the quarter. Callan Family Office LLC's holdings in Cisco Systems were worth $9,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Brown Shipley& Co Ltd bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $32,000. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new stake in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Fairway Wealth LLC increased its stake 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 buying an additional 400 shares during the period. Finally, Accent Capital Management LLC purchased a new position in shares of Cisco Systems in the first quarter worth $36,000. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI lifted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company lifted their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares of the company's stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by insiders.

Cisco Systems Stock Down 0.5%

Shares of NASDAQ CSCO opened at $69.96 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The firm has a market capitalization of $276.57 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97. The firm has a fifty day simple moving average of $68.22 and a two-hundred day simple moving average of $64.81.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $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 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 announced 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. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio is currently 62.60%.

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.

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