Elser Financial Planning Inc bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,852 shares of the network equipment provider's stock, valued at approximately $327,000.
A number of other institutional investors also recently bought and sold shares of CSCO. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. acquired a new position in Cisco Systems in the first quarter valued at $31,000. Fairway Wealth LLC grew its holdings in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Accent Capital Management LLC purchased a new stake in shares of Cisco Systems in the 1st quarter valued at about $36,000. Finally, Investment Management Corp VA ADV boosted its position in shares of Cisco Systems by 145.3% in the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock valued at $37,000 after purchasing an additional 353 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on CSCO shares. UBS Group lifted their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. HSBC reaffirmed a "hold" rating and issued a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. CICC Research assumed coverage on shares of Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. Finally, William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.
Check Out Our Latest Analysis on CSCO
Cisco Systems Stock Down 0.9%
Shares of NASDAQ CSCO opened at $67.22 on Monday. The stock has a market capitalization of $265.73 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The firm has a 50-day moving average price of $68.12 and a 200 day moving average price of $64.36. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its 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. 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 analysts' expectations of $14.63 billion. During the same period last year, the company posted $0.87 earnings per share. The firm's quarterly 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. Equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders 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 payout ratio is presently 62.60%.
Insider Buying and Selling
In other news, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the transaction, the executive vice president owned 158,009 shares of the company's stock, valued at $10,551,841.02. The trade was a 1.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the sale, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. The trade was a 8.10% 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 three months. 0.01% of the stock is owned by insiders.
Cisco Systems Company Profile
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Free Report)
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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