Cisco Systems, Inc. $CSCO Stock Position Boosted by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its Cisco stake by 227% in the third quarter, adding 11,340 shares to bring its position to 16,336 shares, valued at about $1.76 million.
• Analysts have a Moderate Buy consensus on Cisco, with an average price target of $128.52; ratings include 3 Strong Buys, 16 Buys and 7 Holds.
• Cisco’s latest quarterly results beat estimates: EPS was $1.22 versus $1.17 expected, while revenue reached $17.25 billion and grew 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share.

Provenance Wealth Advisors LLC raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 227.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,336 shares of the network equipment provider's stock after acquiring an additional 11,340 shares during the quarter. Provenance Wealth Advisors LLC's holdings in Cisco Systems were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lyell Wealth Management LP grew its stake in Cisco Systems by 4.0% in the 3rd quarter. Lyell Wealth Management LP now owns 19,657 shares of the network equipment provider's stock worth $2,116,000 after acquiring an additional 752 shares in the last quarter. Associated Banc Corp purchased a new position in shares of Cisco Systems during the third quarter worth approximately $32,420,000. Putney Financial Group LLC bought a new stake in shares of Cisco Systems during the third quarter valued at approximately $167,000. Watershed Private Wealth LLC bought a new stake in shares of Cisco Systems during the third quarter valued at approximately $376,000. Finally, Integrity Advisory Solutions LLC boosted its holdings in shares of Cisco Systems by 35.3% in the third quarter. Integrity Advisory Solutions LLC now owns 9,695 shares of the network equipment provider's stock valued at $1,044,000 after purchasing an additional 2,528 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In other news, CEO Charles Robbins sold 21,628 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the transaction, the chief executive officer directly owned 602,710 shares of the company's stock, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya Subaiya sold 5,832 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total value of $650,093.04. Following the sale, the executive vice president owned 128,382 shares of the company's stock, valued at $14,310,741.54. This trade represents a 4.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 44,869 shares of company stock worth $5,005,620. Insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSCO. KeyCorp increased their price objective on Cisco Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Barclays lifted their target price on Cisco Systems from $121.00 to $123.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Zacks Research upgraded Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 30th. HSBC downgraded Cisco Systems from a "buy" rating to a "hold" rating and dropped their price target for the stock from $137.00 to $120.00 in a research report on Friday, August 14th. Finally, Rosenblatt Securities raised their price target on Cisco Systems from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.52.

Cisco Systems Price Performance

Shares of CSCO opened at $102.97 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The company has a 50 day moving average price of $109.67 and a 200-day moving average price of $101.28. Cisco Systems, Inc. has a fifty-two week low of $70.54 and a fifty-two week high of $130.37. The stock has a market capitalization of $405.97 billion, a PE ratio of 30.83, a PEG ratio of 2.12 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Equities analysts predict that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a $0.42 dividend. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. Cisco Systems's dividend payout ratio (DPR) is currently 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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