Summit Financial LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 25.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 103,557 shares of the network equipment provider's stock after purchasing an additional 21,282 shares during the period. Summit Financial LLC's holdings in Cisco Systems were worth $6,390,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CSCO. Navigoe LLC acquired a new stake in Cisco Systems in the fourth quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Cisco Systems in the fourth quarter valued at $26,000. JDM Financial Group LLC grew its holdings in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the first quarter valued at $31,000. Finally, Fairway Wealth LLC grew its holdings in Cisco Systems by 224.7% in the first 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 last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.
Wall Street Analysts Forecast Growth
CSCO has been the topic of several research reports. Wolfe Research initiated coverage on Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. HSBC reaffirmed a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a research note on Friday, August 15th. Wells Fargo & Company increased their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. CICC Research assumed coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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 company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.
Check Out Our Latest Analysis on Cisco Systems
Cisco Systems Trading Up 0.4%
NASDAQ CSCO traded up $0.30 during trading hours on Friday, hitting $67.32. 16,826,733 shares of the company's stock were exchanged, compared to its average volume of 22,457,022. The business's 50 day moving average is $68.20 and its 200-day moving average is $63.56. Cisco Systems, Inc. has a 12-month low of $47.85 and a 12-month high of $72.55. The firm has a market capitalization of $266.59 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business 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, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.
Insider Buying and Selling
In other news, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was 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 $15,811,173. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,118 shares of company stock worth $8,847,167. Corporate insiders own 0.01% of the company's stock.
Cisco Systems Company Profile
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Free Report)
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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