Cisco Systems, Inc. $CSCO Shares Purchased by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC increased its stake in Cisco Systems by 8.8% during the second quarter, bringing their total holdings to 82,496 shares worth approximately $5.72 million.
• Cisco reported earnings of $0.99 per share for the last quarter, exceeding analysts' expectations, and posted a revenue of $14.67 billion, a 7.6% increase year-over-year.
• The company declared a quarterly dividend of $0.41, which is set to be paid on October 22nd, reflecting a 2.4% dividend yield.

Ballentine Partners LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,496 shares of the network equipment provider's stock after acquiring an additional 6,695 shares during the period. Ballentine Partners LLC's holdings in Cisco Systems were worth $5,724,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. BCS Wealth Management acquired a new position in Cisco Systems during the second quarter worth about $366,000. Drum Hill Capital LLC acquired a new position in Cisco Systems during the second quarter worth about $217,000. Fifth Third Bancorp increased its stake in Cisco Systems by 22.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,093,402 shares of the network equipment provider's stock worth $145,240,000 after purchasing an additional 381,784 shares in the last quarter. CCM Investment Advisers LLC increased its stake in Cisco Systems by 0.7% in the 2nd quarter. CCM Investment Advisers LLC now owns 320,519 shares of the network equipment provider's stock worth $22,238,000 after purchasing an additional 2,294 shares in the last quarter. Finally, Waycross Partners LLC purchased a new position in Cisco Systems in the 2nd quarter worth about $422,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.3%

CSCO stock opened at $67.54 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $68.15 and a two-hundred day moving average price of $64.19. The company has a market cap of $267.00 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $52.01 and a twelve month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same period last year, the firm posted $0.87 earnings per share. The business'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. Analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSCO. HSBC reissued a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Barclays lifted their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems 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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