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

Key Points

• Dakota Wealth Management increased its stake in Cisco Systems by 9.9% in the second quarter, now holding 230,736 shares worth approximately $16 million.
• Recent analyst reports have raised Cisco's price targets, with Piper Sandler setting it at $70 and JPMorgan Chase at $78, reflecting a consensus average target of $74.53.
• Cisco Systems announced a quarterly dividend of $0.41 per share, with an ex-dividend date on October 3rd, representing a 2.4% yield.

Dakota Wealth Management raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,736 shares of the network equipment provider's stock after acquiring an additional 20,702 shares during the period. Dakota Wealth Management's holdings in Cisco Systems were worth $16,008,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CSCO. Brighton Jones LLC increased its position in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $55,000. BridgePort Financial Solutions LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $252,000. Finally, Castle Rock Wealth Management LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at approximately $212,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent research reports. Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. UBS Group lifted their price target 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. KeyCorp initiated coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Buying and Selling

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 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 $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, 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. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last ninety days. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $67.32 on Thursday. The firm's fifty day simple moving average is $68.15 and its 200-day simple moving average is $64.21. The stock has a market capitalization of $266.13 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.84 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. 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, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend 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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