Cove Private Wealth LLC Boosts Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Cove Private Wealth LLC increased its stake in Cisco Systems, Inc. by 26.4%, acquiring 4,862 additional shares, bringing its total to 23,305 shares valued at approximately $1,617,000.
• Multiple large investors have raised their holdings in Cisco, with Brighton Jones LLC increasing their stake by 49.5% to own 74,187 shares worth $4,392,000.
• Cisco Systems reported an EPS of $0.99 for the last quarter, exceeding analyst expectations, alongside a net revenue of $14.67 billion, marking a 7.6% year-over-year increase.

Cove Private Wealth LLC increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 26.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,305 shares of the network equipment provider's stock after buying an additional 4,862 shares during the period. Cove Private Wealth LLC's holdings in Cisco Systems were worth $1,617,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CSCO. Brighton Jones LLC increased its holdings in Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after purchasing an additional 2,474 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Cisco Systems in the fourth quarter worth about $80,000. Kera Capital Partners Inc. purchased a new position in shares of Cisco Systems in the first quarter worth about $238,000. Finally, First Hawaiian Bank increased its stake in shares of Cisco Systems by 3.4% in the first quarter. First Hawaiian Bank now owns 42,731 shares of the network equipment provider's stock worth $2,637,000 after purchasing an additional 1,403 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSCO shares. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. UBS Group boosted their price objective 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. Bank of America boosted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Evercore ISI boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $67.22 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a market capitalization of $265.73 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.85 and a beta of 0.99. The company has a fifty day moving average of $68.12 and a 200-day moving average of $64.30.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the firm posted $0.87 EPS. The firm's 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. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Transactions at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president directly owned 158,009 shares in the company, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

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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