First Pacific Financial Boosts Stake in Cisco Systems, Inc. $CSCO

Key Points

• First Pacific Financial increased its stake in Cisco Systems, Inc. by 1,781.2% during Q2, holding 64,677 shares valued at approximately $4.49 million.
• Brokerages have adjusted their ratings for Cisco Systems, with Bank of America raising its price target to $85.00 and maintaining a "buy" rating, while Wall Street Zen downgraded it to a "buy" from "strong buy."
• Cisco announced a quarterly dividend of $0.41 per share, to be paid on October 22nd, representing an annualized yield of 2.4%.

First Pacific Financial boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1,781.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,677 shares of the network equipment provider's stock after buying an additional 61,239 shares during the quarter. Cisco Systems makes up about 0.7% of First Pacific Financial's holdings, making the stock its 21st biggest position. First Pacific Financial's holdings in Cisco Systems were worth $4,487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Cisco Systems by 49.5% during the 4th 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 period. Revolve Wealth Partners LLC lifted its stake in shares of 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 worth $542,000 after purchasing an additional 2,474 shares during the period. NBC Securities Inc. lifted its stake in shares of Cisco Systems by 99,042.9% during the 1st quarter. NBC Securities Inc. now owns 34,700 shares of the network equipment provider's stock worth $2,141,000 after purchasing an additional 34,665 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of Cisco Systems by 204.8% during the 1st quarter. Elevation Wealth Partners LLC now owns 2,679 shares of the network equipment provider's stock worth $164,000 after purchasing an additional 1,800 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Cisco Systems by 28.1% during the 1st quarter. Merit Financial Group LLC now owns 172,578 shares of the network equipment provider's stock worth $10,650,000 after purchasing an additional 37,813 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CSCO. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price objective for the company. Morgan Stanley upped their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Bank of America upped their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price objective for the stock from $65.00 to $73.00 in a report on Monday, June 16th. One equities research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Up 1.0%

Shares of Cisco Systems stock opened at $68.42 on Wednesday. The business has a 50-day moving average of $68.12 and a 200-day moving average of $64.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The company has a market capitalization of $270.48 billion, a PE ratio of 26.11, a P/E/G ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $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, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. 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 dividend payout ratio (DPR) is 62.60%.

Insiders Place Their Bets

In related news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by company insiders.

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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