Concurrent Investment Advisors LLC Purchases 93,890 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Concurrent Investment Advisors increased its Cisco stake by 25.5% in the second quarter, buying 93,890 additional shares to hold 462,806 shares valued at approximately $54.4 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported better-than-expected quarterly results, with EPS of $1.22 versus $1.17 expected and revenue of $17.25 billion, up 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.5% annualized yield.
• Analysts maintain a “Moderate Buy” consensus on CSCO, with an average price target of $129.68 versus a recent share price of $108.61. Several firms recently raised their targets, while company insiders sold shares through pre-arranged trading plans.

Concurrent Investment Advisors LLC raised its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 25.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 462,806 shares of the network equipment provider's stock after acquiring an additional 93,890 shares during the period. Concurrent Investment Advisors LLC's holdings in Cisco Systems were worth $54,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSCO. Bridgewater Advisors Inc. purchased a new stake in shares of Cisco Systems during the second quarter worth about $6,442,000. World Investment Advisors increased its holdings in Cisco Systems by 15.4% during the 4th quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock valued at $13,905,000 after purchasing an additional 26,455 shares during the period. WCG Wealth Advisors LLC raised its position in Cisco Systems by 101.8% during the 4th quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider's stock valued at $8,266,000 after purchasing an additional 54,141 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Cisco Systems in the 2nd quarter worth approximately $60,009,000. Finally, Vise Technologies Inc. grew its position in shares of Cisco Systems by 47.1% in the 4th quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider's stock worth $15,432,000 after buying an additional 64,144 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Down 0.8%

CSCO stock opened at $108.61 on Friday. The business has a 50 day moving average of $114.35 and a 200 day moving average of $102.15. The firm has a market cap of $428.08 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. Cisco Systems, Inc. has a twelve month low of $66.13 and a twelve month high of $130.37. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The company's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous 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. On average, research analysts forecast that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems's payout ratio is 50.30%.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president owned 167,116 shares of the company's stock, valued at approximately $18,638,447.48. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the sale, the insider directly owned 230,593 shares in the company, valued at $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 53,611 shares of company stock valued at $6,066,680. Company insiders own 0.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CSCO shares. New Street Research upped their target price on Cisco Systems from $82.00 to $122.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Rosenblatt Securities upped their price objective on shares of Cisco Systems from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. CICC Research lifted their target price on shares of Cisco Systems from $96.00 to $125.00 and gave the company an "outperform" rating in a research note on Monday, May 18th. Evercore lifted their price objective on Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Finally, Bank of America raised their target price on Cisco Systems from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.68.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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