Cisco Systems, Inc. $CSCO Shares Bought by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. increased its stake in Cisco Systems, Inc. by 2.8% in Q2, owning 482,858 shares valued at $33.5 million.
• Research analysts have upgraded Cisco's target price, with Morgan Stanley increasing it to $77.00 and reaffirming an "overweight" rating.
• Cisco announced a quarterly dividend of $0.41 per share, payable on October 22nd, reflecting an annualized yield of 2.3%.

D.A. Davidson & CO. lifted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 482,858 shares of the network equipment provider's stock after buying an additional 13,221 shares during the period. D.A. Davidson & CO.'s holdings in Cisco Systems were worth $33,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Connections Group Inc. boosted its position in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after buying an additional 193 shares during the period. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the first quarter worth approximately $31,000. Brown Shipley& Co Ltd acquired a new stake in Cisco Systems in the second quarter worth approximately $32,000. Finally, Fairway Wealth LLC lifted its position in 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 during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Wolfe Research assumed coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Piper Sandler upped their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Cisco Systems presently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last 90 days. 0.01% of the stock is currently owned by insiders.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $70.72 on Wednesday. The company's fifty day moving average is $68.18 and its two-hundred day moving average is $65.34. 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, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The company has a market cap of $279.57 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97.

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, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company 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 business earned $0.87 EPS. The company's revenue 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 analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business 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. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems Company Profile

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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