CreativeOne Wealth LLC Buys 14,067 Shares of Cisco Systems, Inc. $CSCO

Key Points

• CreativeOne Wealth LLC increased its holdings in Cisco Systems, Inc. by 21.5%, acquiring an additional 14,067 shares in the first quarter, bringing its total to 79,421 shares valued at approximately $4.9 million.
• Several institutional investors also boosted their stakes in Cisco, with notable increases from Wealth Enhancement Advisory Services LLC at 28.9% and Investment Management Corp of Ontario at 44.6%.
• Cisco Systems recently reported $0.99 EPS for the quarter, surpassing analysts' estimates, and announced a quarterly dividend of $0.41 to be paid on October 22nd.

CreativeOne Wealth LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 21.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 79,421 shares of the network equipment provider's stock after purchasing an additional 14,067 shares during the period. CreativeOne Wealth LLC's holdings in Cisco Systems were worth $4,901,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Navigoe LLC bought a new stake in Cisco Systems during the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Cisco Systems in the fourth quarter valued at about $26,000. JDM Financial Group LLC lifted its position in shares of Cisco Systems by 160.4% in the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after acquiring an additional 300 shares in the last quarter. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems in the first quarter valued at about $31,000. Finally, Fairway Wealth LLC lifted its position in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling

In related news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, 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 119,095 shares of company stock valued at $7,841,167 over the last 90 days. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets

CSCO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded 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 report on Monday, June 16th. Rosenblatt Securities restated a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. Barclays boosted their price objective on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Citigroup boosted their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. One equities 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Trading Down 0.5%

Shares of CSCO traded down $0.34 during mid-day trading on Friday, reaching $69.09. 14,952,208 shares of the company's stock traded hands, compared to its average volume of 22,683,924. The stock has a market cap of $273.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.94 and a beta of 0.91. The stock's 50-day moving average is $68.47 and its two-hundred day moving average is $63.76. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 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 analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.02% 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 quarter in the prior year, the firm 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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal 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 paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio is 62.60%.

About Cisco Systems

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.