Dogwood Wealth Management LLC Purchases 11,438 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Dogwood Wealth Management LLC significantly increased its stake in Cisco Systems, purchasing an additional 11,438 shares, resulting in a total of 11,646 shares worth approximately $799,000.
• Cisco Systems reported earnings per share of $0.99 for the last quarter, beating estimates, with a revenue of $14.67 billion, exceeding analyst expectations.
• The firm also announced a quarterly dividend of $0.41 per share, reflecting a 2.4% dividend yield, with the payout scheduled for October 22nd.

Dogwood Wealth Management LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5,499.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,646 shares of the network equipment provider's stock after buying an additional 11,438 shares during the period. Dogwood Wealth Management LLC's holdings in Cisco Systems were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSCO. Postrock Partners LLC raised its stake in Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after acquiring an additional 150 shares in the last quarter. Pacifica Partners Inc. increased its position in Cisco Systems by 0.5% during the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after purchasing an additional 155 shares during the period. Pacific Sage Partners LLC increased its position in Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after purchasing an additional 156 shares during the period. Childress Capital Advisors LLC boosted its holdings in shares of Cisco Systems by 0.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock worth $1,305,000 after buying an additional 157 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its holdings in shares of Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after buying an additional 159 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

CSCO opened at $68.42 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The stock has a market capitalization of $270.48 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. The stock's 50 day moving average price is $68.12 and its 200-day moving average price is $64.43.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The business'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. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CSCO. Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. HSBC reissued a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $74.53.

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.

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