Cisco Systems, Inc. $CSCO Shares Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC boosted its holdings in Cisco Systems, Inc. by 90.2%, acquiring an additional 12,949 shares in Q2, bringing its total to 27,297 shares valued at approximately $1.89 million.
• Insider transactions included notable sales by executives, with Oliver Tuszik selling 17,526 shares for about $1.19 million, indicating a substantial decrease in their ownership.
• Cisco Systems recently declared a quarterly dividend of $0.41 per share, set to be paid on October 22, reflecting an annualized yield of 2.4%.

Cyndeo Wealth Partners LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 90.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,297 shares of the network equipment provider's stock after buying an additional 12,949 shares during the period. Cyndeo Wealth Partners LLC's holdings in Cisco Systems were worth $1,894,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. Brown Shipley& Co Ltd acquired a new position in Cisco Systems during the 2nd quarter valued at about $32,000. Pandora Wealth Inc. acquired a new position in Cisco Systems during the 1st quarter valued at about $31,000. Nova Wealth Management Inc. acquired a new position in Cisco Systems during the 1st quarter valued at about $31,000. Fairway Wealth LLC boosted its stake in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the period. Finally, Accent Capital Management LLC acquired a new position in Cisco Systems during the 1st quarter valued at about $36,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% 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 the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last three months. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSCO shares. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the company from $65.00 to $73.00 in a research note on Monday, June 16th. UBS Group boosted their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Bank of America boosted 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. One research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.89.

Cisco Systems Stock Down 2.9%

NASDAQ CSCO opened at $67.94 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The company's 50 day simple moving average is $68.24 and its 200 day simple moving average is $64.86. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a market capitalization of $268.58 billion, a P/E ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping 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 business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the firm earned $0.87 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. 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 expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued 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 2.4%. Cisco Systems's 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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