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

Key Points

• LeConte Wealth Management LLC increased its stake in Cisco Systems, Inc. by 64.4% during Q2, now holding 10,290 shares valued at $714,000.
• Analysts have provided positive ratings for Cisco, with Wells Fargo & Company raising their price target from $75.00 to $83.00 and the company holding a consensus rating of "Moderate Buy."
• Cisco Systems recently declared a quarterly dividend of $0.41 per share, equating to an annualized yield of 2.4%, with a payout ratio of 62.60%.

LeConte Wealth Management LLC boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 64.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,290 shares of the network equipment provider's stock after buying an additional 4,030 shares during the period. LeConte Wealth Management LLC's holdings in Cisco Systems were worth $714,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cisco Systems by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after purchasing an additional 1,865,648 shares during the period. Invesco Ltd. raised its stake in shares of Cisco Systems by 10.4% during the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after purchasing an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Cisco Systems by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider's stock worth $2,332,492,000 after purchasing an additional 1,326,354 shares in the last quarter. Finally, Amundi boosted its position in Cisco Systems by 11.0% during the first quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock worth $1,679,312,000 after purchasing an additional 2,898,391 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CSCO. CICC Research initiated coverage on Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. KeyCorp started coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. Finally, Wells Fargo & Company upped their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Down 0.3%

CSCO stock opened at $67.32 on Thursday. The stock's 50 day simple moving average is $68.15 and its 200 day simple moving average is $64.21. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week 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 company has a market cap of $266.13 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given 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 yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Insider Activity

In other news, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This trade represents 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 this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

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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