Cisco Systems, Inc. $CSCO Stake Boosted by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC increased its stake in Cisco Systems by 5.7% during Q2, owning 129,323 shares valued at approximately $8.97 million.
• Analysts have lifted Cisco's price targets, with Morgan Stanley and JPMorgan Chase increasing their targets to $77.00 and $78.00, respectively, while the stock maintains an average rating of "Moderate Buy."
• Cisco declared a quarterly dividend of $0.41 per share to be paid on October 22, resulting in a 2.4% dividend yield.

Axxcess Wealth Management LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,323 shares of the network equipment provider's stock after purchasing an additional 6,987 shares during the quarter. Axxcess Wealth Management LLC's holdings in Cisco Systems were worth $8,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CSCO. Brighton Jones LLC grew its stake in Cisco Systems by 49.5% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC grew its stake in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares in the last quarter. GAMMA Investing LLC grew its stake in Cisco Systems by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 108,871 shares of the network equipment provider's stock valued at $6,718,000 after acquiring an additional 15,514 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Cisco Systems by 28.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after acquiring an additional 904,548 shares in the last quarter. Finally, Atlas Private Wealth Advisors purchased a new position in Cisco Systems during the 1st quarter valued at about $200,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of several research reports. Morgan Stanley lifted their price target on Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a report on Friday. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Stock Down 0.7%

CSCO opened at $67.46 on Tuesday. The business has a 50 day moving average price of $68.22 and a 200 day moving average price of $64.95. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a market cap of $266.68 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 2.86 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the company earned $0.87 EPS. The company's revenue for the quarter 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current 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 issued a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Insider Activity at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the company'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 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. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by corporate insiders.

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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