Concurrent Investment Advisors LLC Raises Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Concurrent Investment Advisors LLC increased its holdings in Cisco Systems, Inc. by 8.3%, now owning 214,491 shares worth approximately $14.88 million.
• Multiple hedge funds have also raised their stakes in Cisco, with significant increases reported by firms like Keener Financial Planning LLC, which grew its stake by 558.7% during the second quarter.
• Research firms have shown confidence in Cisco, with Deutsche Bank raising its target price from $65.00 to $73.00, and several analysts issuing "buy" ratings, contributing to an average target price of $74.89.

Concurrent Investment Advisors LLC increased its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,491 shares of the network equipment provider's stock after purchasing an additional 16,430 shares during the period. Concurrent Investment Advisors LLC's holdings in Cisco Systems were worth $14,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. waypoint wealth counsel grew its stake in Cisco Systems by 4.5% in the second quarter. waypoint wealth counsel now owns 14,062 shares of the network equipment provider's stock worth $976,000 after purchasing an additional 607 shares during the period. Investment Advisory Group LLC grew its stake in Cisco Systems by 13.9% in the second quarter. Investment Advisory Group LLC now owns 6,277 shares of the network equipment provider's stock worth $435,000 after purchasing an additional 765 shares during the period. 1858 Wealth Management LLC grew its stake in Cisco Systems by 3.0% in the second quarter. 1858 Wealth Management LLC now owns 34,876 shares of the network equipment provider's stock worth $2,420,000 after purchasing an additional 1,022 shares during the period. Apollon Financial LLC grew its stake in Cisco Systems by 7.0% in the second quarter. Apollon Financial LLC now owns 5,885 shares of the network equipment provider's stock worth $408,000 after purchasing an additional 387 shares during the period. Finally, Keener Financial Planning LLC grew its stake in Cisco Systems by 558.7% in the second quarter. Keener Financial Planning LLC now owns 1,179 shares of the network equipment provider's stock worth $81,000 after purchasing an additional 1,000 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CSCO. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Bank of America boosted their target price on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.89.

Cisco Systems Trading Down 2.9%

Shares of NASDAQ:CSCO opened at $67.94 on Friday. The company has a market cap of $268.58 billion, a P/E ratio of 25.93, a PEG ratio of 2.86 and a beta of 0.97. 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, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The stock's fifty day moving average price is $68.24 and its 200-day moving average price is $64.88.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company'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. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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

Insider Activity at Cisco Systems

In related news, SVP Maria Victoria Wong sold 428 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares in the company, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last 90 days. 0.01% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.