Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 11,834 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Empirical Wealth Management increased its Cisco stake by 2.6% in the first quarter, buying 11,834 more shares and bringing its total holding to 475,778 shares worth about $36.9 million.
• Wall Street remains bullish on Cisco, with several analysts raising price targets; the stock currently carries an average “Moderate Buy” rating and a consensus target price of $123.14.
• Cisco reported solid quarterly results and continues paying a dividend, beating EPS and revenue estimates, raising guidance for fiscal 2026, and announcing a $0.42 quarterly dividend yielding about 1.4%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,778 shares of the network equipment provider's stock after buying an additional 11,834 shares during the quarter. Cisco Systems comprises approximately 0.6% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings, making the stock its 29th largest holding. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Cisco Systems were worth $36,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Intesa Sanpaolo Wealth Management bought a new stake in shares of Cisco Systems in the 4th quarter worth about $25,000. MidAtlantic Capital Management Inc. purchased a new stake in Cisco Systems in the 4th quarter worth about $25,000. Networth Advisors LLC raised its position in Cisco Systems by 276.4% in the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock worth $26,000 after purchasing an additional 246 shares during the period. Manning & Napier Advisors LLC boosted its position in shares of Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock valued at $27,000 after buying an additional 200 shares during the period. Finally, Financial Life Planners purchased a new position in shares of Cisco Systems during the first quarter valued at approximately $27,000. Institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent analyst reports. Morgan Stanley increased their price target on Cisco Systems from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, June 12th. UBS Group boosted their price objective on Cisco Systems from $95.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Argus upped their price objective on Cisco Systems from $100.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, May 19th. BNP Paribas Exane increased their target price on Cisco Systems from $87.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Finally, Weiss Ratings raised shares of Cisco Systems from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.14.

Cisco Systems Stock Down 1.7%

Shares of NASDAQ CSCO opened at $119.25 on Tuesday. Cisco Systems, Inc. has a 52-week low of $65.75 and a 52-week high of $130.37. The firm has a market capitalization of $470.02 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 3.09 and a beta of 1.02. The stock has a 50 day moving average price of $115.88 and a 200 day moving average price of $92.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. The company had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.Cisco Systems's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 3.54 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems's payout ratio is presently 54.55%.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 6,586 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the sale, the executive vice president directly owned 177,223 shares of the company's stock, valued at $20,790,030.13. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,607 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $121.12, for a total transaction of $315,759.84. Following the transaction, the executive vice president owned 172,727 shares in the company, valued at approximately $20,920,694.24. The trade was a 1.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock valued at $5,668,823 over the last three months. 0.01% of the stock is currently owned by corporate insiders.

More Cisco Systems News

Here are the key news stories impacting Cisco Systems this week:

• Positive Sentiment: Analysts are highlighting Cisco’s favorable fundamentals after its recent earnings beat, including stronger-than-expected revenue, EPS, and guidance, which supports the stock’s upward momentum. Analysts Offer Insights on Technology Companies: Cisco Systems (CSCO) and Asana (ASAN)
• Positive Sentiment: Investor interest remains high in Cisco’s AI infrastructure business, with commentary pointing to it as an underappreciated growth engine that could help drive future sales. The Overlooked Growth Engine Powering Cisco Systems Stock
• Positive Sentiment: Cisco’s president said AI is likely to create more work than it eliminates, reinforcing the company’s view that AI will increase demand for networking and enterprise infrastructure rather than reduce it. Cisco president says 'the future will likely have more jobs' as AI could create more work than it eliminates
• Positive Sentiment: A bullish market note argued Cisco has been “red-hot” in 2026 thanks to strong demand for AI infrastructure solutions, suggesting the stock’s recent strength is tied to improving growth expectations. Bull of the Day: Cisco Systems (CSCO)
• Neutral Sentiment: One report said Cisco underperformed competitors on Monday, which may reflect short-term relative weakness even amid a broader positive trend. Cisco Systems Inc. stock underperforms Monday when compared to competitors
• Neutral Sentiment: Coverage on the UCaaS market’s long-term growth outlook is broadly favorable for networking and communications vendors, but it is more of an industry tailwind than a direct Cisco-specific catalyst. Global Unified Communication as a Service (UCaaS) Market Size to Reach USD 605.5 Billion by 2035
• Neutral Sentiment: A general article on AI and cybersecurity deal activity is not directly tied to Cisco’s operations, so it is unlikely to be a major stock driver by itself. The $6 Billion Cybersecurity Prize Tech Giants Are Circling

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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