Modern Wealth Management LLC Buys 37,320 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Modern Wealth Management LLC increased its stake in Cisco Systems, Inc. by 63.6% during the first quarter, now owning 96,023 shares valued at approximately $5.9 million.
• Several institutional investors also adjusted their holdings in Cisco, with Acadian Asset Management LLC raising its stake by an impressive 255.9%, now owning 7.8 million shares worth around $482.5 million.
• Cisco recently announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.4%, set to be paid on October 22nd.

Modern Wealth Management LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 63.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,023 shares of the network equipment provider's stock after purchasing an additional 37,320 shares during the period. Modern Wealth Management LLC's holdings in Cisco Systems were worth $5,926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems in the fourth quarter worth $26,000. JDM Financial Group LLC boosted its position in Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. purchased a new position in Cisco Systems in the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems in the first quarter worth $31,000. Finally, Fairway Wealth LLC boosted its position in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,099 shares of company stock valued at $5,851,765. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $1.16 during trading on Friday, hitting $66.53. 18,525,267 shares of the company were exchanged, compared to its average volume of 16,775,248. The company has a market cap of $263.01 billion, a PE ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99. The stock has a 50 day moving average of $68.24 and a 200 day moving average of $64.00. Cisco Systems, Inc. has a 52-week low of $49.67 and a 52-week 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 released its quarterly 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. The firm 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 business's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current 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 2.5%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. New Street Research reiterated a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. CICC Research assumed coverage on Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, KeyCorp assumed 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. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

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.