Cisco Systems, Inc. $CSCO Shares Acquired by Hourglass Capital LLC

Key Points

• Hourglass Capital LLC has increased its stake in Cisco Systems by 7.6%, making it the firm's second largest holding, with a total investment valued at $11.17 million.
• Cisco reported earnings of $0.99 per share for the last quarter, exceeding the consensus estimate of $0.98, and had a revenue of $14.67 billion, reflecting a year-over-year increase of 7.6%.
• The company has announced a quarterly dividend of $0.41 per share, with an ex-dividend date of October 3rd, representing an annualized yield of 2.4%.

Hourglass Capital LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,027 shares of the network equipment provider's stock after purchasing an additional 11,340 shares during the quarter. Cisco Systems comprises about 2.8% of Hourglass Capital LLC's portfolio, making the stock its 2nd biggest holding. Hourglass Capital LLC's holdings in Cisco Systems were worth $11,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Postrock Partners LLC raised its position in Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after purchasing an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD raised its position in Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after purchasing an additional 150 shares during the last quarter. Lion Street Advisors LLC raised its position in Cisco Systems by 0.7% in the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock valued at $1,436,000 after purchasing an additional 152 shares during the last quarter. Pacifica Partners Inc. raised its position in Cisco Systems by 0.5% in the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after purchasing an additional 155 shares during the last quarter. Finally, Pacific Sage Partners LLC raised its position in Cisco Systems by 0.9% in the second quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after purchasing an additional 156 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CSCO shares. Evercore ISI raised their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. HSBC restated a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Piper Sandler lifted their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus price target of $74.72.

Cisco Systems Trading Up 1.3%

NASDAQ CSCO opened at $69.52 on Thursday. The company has a market cap of $274.83 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.89 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The business has a 50 day moving average price of $68.25 and a 200-day moving average price of $65.01. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 return on equity of 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given 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 dividend yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred 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 owned 198,855 shares of the company's stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% 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 90 days. Corporate insiders own 0.01% of the company's stock.

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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