Cisco Systems, Inc. $CSCO Shares Purchased by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC increased its stake in Cisco Systems by 30.5%, owning 279,788 shares valued at approximately $19.4 million, with Cisco now making up 3.2% of its holdings.
• Multiple analysts have raised their target prices for Cisco shares, with UBS increasing its target from $70.00 to $74.00 and maintaining a "neutral" rating.
• Insider sales included EVP Oliver Tuszik selling 17,526 shares at an average price of $67.95, reducing his ownership by 8.1% to a total of 198,855 shares.

Cadinha & Co. LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 30.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 279,788 shares of the network equipment provider's stock after acquiring an additional 65,460 shares during the period. Cisco Systems makes up 3.2% of Cadinha & Co. LLC's holdings, making the stock its 13th biggest holding. Cadinha & Co. LLC's holdings in Cisco Systems were worth $19,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Cisco Systems by 0.9% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 50,964 shares of the network equipment provider's stock worth $3,536,000 after purchasing an additional 450 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in Cisco Systems by 6.8% during the second quarter. Bleakley Financial Group LLC now owns 160,561 shares of the network equipment provider's stock worth $11,140,000 after purchasing an additional 10,174 shares in the last quarter. Reliant Investment Management LLC lifted its position in shares of Cisco Systems by 21.8% during the 2nd quarter. Reliant Investment Management LLC now owns 10,645 shares of the network equipment provider's stock worth $739,000 after buying an additional 1,905 shares during the last quarter. Connors Investor Services Inc. boosted its stake in Cisco Systems by 20.1% in the second quarter. Connors Investor Services Inc. now owns 263,752 shares of the network equipment provider's stock valued at $18,299,000 after acquiring an additional 44,103 shares in the last quarter. Finally, Castle Wealth Management LLC acquired a new stake in shares of Cisco Systems during the second quarter worth about $214,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSCO shares. UBS Group increased their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Evercore ISI increased their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. KeyCorp started 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. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.72.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their position. 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 quarter. Company insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

Cisco Systems stock opened at $70.61 on Thursday. The firm has a fifty day moving average of $68.19 and a 200-day moving average of $65.38. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. 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 firm has a market capitalization of $279.12 billion, a P/E ratio of 26.95, a PEG ratio of 2.98 and a beta of 0.97.

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

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's payout ratio is currently 62.60%.

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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