Cisco Systems, Inc. $CSCO Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its Cisco stake by 6.8% in the third quarter, acquiring 11,926 additional shares for a total holding worth approximately $20.1 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported quarterly adjusted earnings of $1.22 per share and revenue of $17.25 billion, exceeding analyst estimates, while revenue grew 17.6% year over year. The company also pays a quarterly dividend of $0.42 per share, representing a 1.6% annual yield.
• Analyst sentiment remains generally positive, with Cisco carrying a “Moderate Buy” consensus rating and an average price target of $128.52, although some firms recently lowered their targets or downgraded the stock. Company insiders have sold 44,869 shares worth about $5.0 million over the past 90 days.

Apollon Wealth Management LLC grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,584 shares of the network equipment provider's stock after buying an additional 11,926 shares during the quarter. Apollon Wealth Management LLC's holdings in Cisco Systems were worth $20,082,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSCO. Bridgewater Advisors Inc. acquired a new position in Cisco Systems during the 2nd quarter worth about $6,442,000. Beacon Pointe Advisors LLC acquired a new stake in Cisco Systems in the 2nd quarter valued at about $60,009,000. Western Wealth Management LLC increased its position in Cisco Systems by 60.5% in the 1st quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider's stock valued at $5,926,000 after acquiring an additional 28,792 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in shares of Cisco Systems in the second quarter worth about $19,114,000. Finally, USS Investment Management Ltd raised its stake in shares of Cisco Systems by 1.8% in the first quarter. USS Investment Management Ltd now owns 686,466 shares of the network equipment provider's stock worth $53,253,000 after acquiring an additional 12,251 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Performance

CSCO stock opened at $106.50 on Monday. Cisco Systems, Inc. has a twelve month low of $70.06 and a twelve month high of $130.37. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. The company has a market cap of $419.89 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The business's fifty day moving average is $110.18 and its 200-day moving average is $110.07.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The firm's revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Investors of record on Friday, October 2nd were issued a dividend of $0.42 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. Cisco Systems's payout ratio is currently 50.30%.

Insider Activity

In other Cisco Systems news, EVP Deborah Stahlkopf sold 6,487 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president owned 167,116 shares of the company's stock, valued at approximately $18,638,447.48. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra Patel sold 7,170 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the sale, the insider owned 230,593 shares in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CSCO. HSBC lowered shares of Cisco Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. Piper Sandler lowered their price target on shares of Cisco Systems from $132.00 to $125.00 and set a "neutral" rating for the company in a report on Tuesday, September 22nd. UBS Group boosted their price objective on shares of Cisco Systems from $132.00 to $138.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Zacks Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 30th. Finally, Wells Fargo & Company increased their price objective on Cisco Systems from $130.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $128.52.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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