Cisco Systems, Inc. $CSCO Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Cisco Systems, Inc. by 27.0%, owning 99,227 shares valued at approximately $6.88 million after purchasing an additional 21,066 shares in Q2.
• Wells Fargo & Company raised its price target for Cisco shares from $75.00 to $83.00, maintaining an "overweight" rating, while other analysts have issued mixed reviews with a consensus target price of $74.53.
• The company declared a quarterly dividend of $0.41, translating to an annualized yield of 2.4%, with a payout ratio of 62.60% and a planned distribution date of October 22nd.

Farther Finance Advisors LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 99,227 shares of the network equipment provider's stock after purchasing an additional 21,066 shares during the period. Farther Finance Advisors LLC's holdings in Cisco Systems were worth $6,884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pandora Wealth Inc. purchased a new position in Cisco Systems during the 1st quarter worth $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth $31,000. Fairway Wealth LLC grew its position in Cisco Systems by 224.7% during the 1st 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 position in Cisco Systems during the 1st quarter worth $36,000. Finally, Investment Management Corp VA ADV grew its position in Cisco Systems by 145.3% during the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after purchasing an additional 353 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction that occurred on 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 directly owned 237,405 shares of the company's stock, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,439 shares of company stock valued at $4,369,104. 0.01% of the stock is currently owned by insiders.

Cisco Systems Trading Down 0.7%

Shares of NASDAQ:CSCO traded down $0.46 during trading on Monday, reaching $67.75. The stock had a trading volume of 20,383,682 shares, compared to its average volume of 21,169,549. The business has a fifty day moving average price of $68.14 and a 200-day moving average price of $64.14. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market cap of $267.83 billion, a P/E ratio of 25.86, a PEG ratio of 2.87 and a beta of 0.99. Cisco Systems, Inc. has a fifty-two week low of $51.89 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CSCO shares. Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, UBS Group boosted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. 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 stock. According to data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Company Profile

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.