Cisco Systems, Inc. $CSCO Stake Lifted by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management has increased its stake in Cisco Systems by 6.5%, now holding 954,182 shares valued at approximately $66.2 million, making it the firm's 12th largest position.
• Insiders, including two executive vice presidents, have sold shares recently, indicating a decrease in their respective holdings by 1.70% and 1.09%.
• Cisco Systems' quarterly earnings exceeded expectations, reporting $0.99 EPS against a consensus estimate of $0.98, with a revenue increase of 7.6% year-over-year.

Wedge Capital Management L L P NC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954,182 shares of the network equipment provider's stock after acquiring an additional 58,021 shares during the period. Cisco Systems makes up approximately 1.2% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 12th biggest position. Wedge Capital Management L L P NC's holdings in Cisco Systems were worth $66,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CSCO. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the first quarter worth approximately $31,000. Fairway Wealth LLC boosted its holdings in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares in the last quarter. Accent Capital Management LLC bought a new stake in Cisco Systems during the first quarter worth approximately $36,000. Finally, Investment Management Corp VA ADV boosted its holdings in Cisco Systems by 145.3% during the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after buying an additional 353 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the transaction, the executive vice president owned 158,009 shares in the company, valued at $10,551,841.02. This trade represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,439 shares of company stock worth $4,369,104 in the last 90 days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Down 0.7%

Cisco Systems stock opened at $68.21 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1-year low of $51.42 and a 1-year high of $72.55. The firm's fifty day simple moving average is $68.14 and its 200-day simple moving average is $64.13. The company has a market capitalization of $269.65 billion, a P/E ratio of 26.03, a P/E/G ratio of 2.89 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Piper Sandler boosted their target price 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. Evercore ISI boosted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. Rosenblatt Securities reissued a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, UBS Group boosted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Cisco Systems has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems 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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