Connors Investor Services Inc. Has $18.30 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Connors Investor Services Inc. increased its holdings in Cisco Systems by 20.1% during Q2, now owning 263,752 shares valued at approximately $18.30 million, representing 1.6% of its portfolio.
• Institutional investors hold 73.33% of Cisco's stock, with several, including Castle Wealth Management and Sonata Capital Group, recently acquiring new stakes.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, surpassing analysts' expectations, alongside a revenue of $14.67 billion, marking a 7.6% year-over-year increase.

Connors Investor Services Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 20.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 263,752 shares of the network equipment provider's stock after acquiring an additional 44,103 shares during the period. Cisco Systems accounts for 1.6% of Connors Investor Services Inc.'s portfolio, making the stock its 19th largest position. Connors Investor Services Inc.'s holdings in Cisco Systems were worth $18,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Castle Wealth Management LLC acquired a new stake in Cisco Systems during the 2nd quarter worth $214,000. Sonata Capital Group Inc. acquired a new stake in Cisco Systems during the 2nd quarter worth $206,000. Freedom Investment Management Inc. grew its holdings in Cisco Systems by 1.1% during the 2nd quarter. Freedom Investment Management Inc. now owns 36,706 shares of the network equipment provider's stock worth $2,547,000 after acquiring an additional 394 shares during the period. Forum Financial Management LP grew its holdings in Cisco Systems by 9.5% during the 2nd quarter. Forum Financial Management LP now owns 46,044 shares of the network equipment provider's stock worth $3,194,000 after acquiring an additional 4,007 shares during the period. Finally, Ethic Inc. grew its holdings in shares of Cisco Systems by 7.9% in the 2nd quarter. Ethic Inc. now owns 477,137 shares of the network equipment provider's stock valued at $32,755,000 after buying an additional 34,910 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. 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 quarter. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CSCO shares. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Wells Fargo & Company upped their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, HSBC reaffirmed a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. One 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 stock. Based on data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.72.

Cisco Systems Trading Down 0.1%

Shares of CSCO stock opened at $70.66 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $279.33 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. The firm has a 50 day moving average price of $68.19 and a two-hundred day moving average price of $65.38. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business 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 firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

Cisco Systems Company 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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