Ethic Inc. Grows Position in Cisco Systems, Inc. $CSCO

Key Points

• Ethic Inc. increased its stake in Cisco Systems by 7.9% in Q2, owning a total of 477,137 shares valued at approximately $32.76 million.
• Cisco recently announced a quarterly dividend of $0.41 per share, translating to an annual yield of 2.3%, with a payout ratio of 62.60%.
• Several research firms raised their price targets for Cisco, with Bank of America increasing it from $76.00 to $85.00, signifying strong confidence in the company's future performance.

Ethic Inc. boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 477,137 shares of the network equipment provider's stock after buying an additional 34,910 shares during the quarter. Cisco Systems accounts for approximately 0.6% of Ethic Inc.'s holdings, making the stock its 18th biggest position. Ethic Inc.'s holdings in Cisco Systems were worth $32,755,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after purchasing an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares during the period. GAMMA Investing LLC grew its position in Cisco Systems by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 108,871 shares of the network equipment provider's stock valued at $6,718,000 after acquiring an additional 15,514 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Cisco Systems by 3.9% in the 1st quarter. Flagship Harbor Advisors LLC now owns 32,346 shares of the network equipment provider's stock valued at $1,996,000 after acquiring an additional 1,204 shares during the last quarter. Finally, Palumbo Wealth Management LLC purchased a new stake in Cisco Systems in the first quarter worth $242,000. Institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 in the last three months. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.3%

NASDAQ:CSCO opened at $70.51 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a market capitalization of $278.75 billion, a P/E ratio of 26.92, a PEG ratio of 2.98 and a beta of 0.97. The firm has a fifty day simple moving average of $68.18 and a 200-day simple moving average of $65.34.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period 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. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Analysts Set New Price Targets

Several research firms recently commented on CSCO. Bank of America raised their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. CICC Research began coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Morgan Stanley upped their price target on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Barclays boosted their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $74.72.

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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