Folger Nolan Fleming Douglas Capital Management Inc. Acquires 9,442 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Folger Nolan Fleming Douglas Capital Management increased its Cisco stake by 8.0% in the first quarter, buying 9,442 more shares and bringing its total holding to 127,320 shares worth about $9.88 million.
• Cisco insiders sold shares recently, including CEO Charles Robbins and EVP Thimaya K. Subaiya, with total insider sales over the last 90 days reaching 47,650 shares valued at about $5.67 million.
• Cisco reported solid quarterly results, beating EPS and revenue estimates, while also raising guidance and announcing a quarterly dividend of $0.42 per share, yielding about 1.4% annually.

Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,320 shares of the network equipment provider's stock after buying an additional 9,442 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Cisco Systems were worth $9,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors lifted its stake in shares of Cisco Systems by 15.4% in the fourth quarter. World Investment Advisors now owns 198,549 shares of the network equipment provider's stock valued at $13,905,000 after buying an additional 26,455 shares in the last quarter. WCG Wealth Advisors LLC increased its position in shares of Cisco Systems by 101.8% during the fourth quarter. WCG Wealth Advisors LLC now owns 107,306 shares of the network equipment provider's stock worth $8,266,000 after acquiring an additional 54,141 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Cisco Systems by 47.1% during the fourth quarter. Vise Technologies Inc. now owns 200,341 shares of the network equipment provider's stock worth $15,432,000 after acquiring an additional 64,144 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Cisco Systems by 6.8% in the 4th quarter. Truist Financial Corp now owns 4,311,098 shares of the network equipment provider's stock worth $332,084,000 after acquiring an additional 275,456 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Cisco Systems by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 4,873,274 shares of the network equipment provider's stock worth $375,388,000 after acquiring an additional 151,395 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 21,400 shares of Cisco Systems stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $120.03, for a total transaction of $2,568,642.00. Following the sale, the chief executive officer directly owned 637,085 shares in the company, valued at approximately $76,469,312.55. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thimaya K. Subaiya sold 7,127 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $119.91, for a total value of $854,598.57. Following the completion of the transaction, the executive vice president directly owned 140,857 shares in the company, valued at approximately $16,890,162.87. This represents a 4.82% decrease in their position. 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 in the last ninety days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Up 3.5%

Shares of CSCO stock opened at $117.70 on Tuesday. Cisco Systems, Inc. has a 52-week low of $65.75 and a 52-week high of $130.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.92. The company has a 50-day simple moving average of $110.46 and a two-hundred day simple moving average of $89.81. The company has a market capitalization of $463.91 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.90 and a beta of 1.01.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.03 by $0.03. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The firm had revenue of $15.84 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same quarter last year, the business posted $0.96 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. 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. Research analysts anticipate that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Monday, July 6th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems's dividend payout ratio (DPR) is presently 54.55%.

Analysts Set New Price Targets

CSCO has been the subject of a number of analyst reports. Weiss Ratings upgraded Cisco Systems from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. BNP Paribas Exane increased their price objective on Cisco Systems from $87.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 14th. Citic Securities raised their target price on Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Morgan Stanley lifted their target price on Cisco Systems from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Finally, Barclays upped their price target on Cisco Systems from $76.00 to $121.00 and gave the stock an "equal weight" rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned 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 target price of $123.14.

About Cisco Systems

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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