Geneos Wealth Management Inc. Grows Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Geneos Wealth Management Inc. increased its stock holdings in Cisco Systems by 15.5% in the first quarter, owning a total of 35,255 shares valued at approximately $2.18 million.
• Cisco Systems reported quarterly earnings of $0.99 per share, surpassing analysts' expectations, and achieved revenue of $14.67 billion, up 7.6% year-over-year.
• The firm declared a quarterly dividend of $0.41 per share, with an ex-dividend date set for October 3rd, representing an annualized yield of 2.4%.

Geneos Wealth Management Inc. grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,255 shares of the network equipment provider's stock after purchasing an additional 4,722 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Cisco Systems were worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in Cisco Systems in the 4th quarter worth approximately $26,000. JDM Financial Group LLC boosted its stake in Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after purchasing an additional 300 shares during the period. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth approximately $31,000. Fairway Wealth LLC boosted its stake in Cisco Systems by 224.7% in 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 period. Finally, Accent Capital Management LLC bought a new position in Cisco Systems in the 1st quarter worth approximately $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $67.69 on Friday. The firm has a market cap of $267.59 billion, a P/E ratio of 25.84, a P/E/G ratio of 2.86 and a beta of 0.99. 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 $48.86 and a 12 month high of $72.55. The stock's fifty day moving average price is $68.30 and its 200-day moving average price is $63.98.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued 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. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. 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 expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 value of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,099 shares of company stock valued at $5,851,765. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CSCO shares. Bank of America increased their target price on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Citigroup raised their price target on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Piper Sandler raised their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Morgan Stanley raised their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. One investment 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems 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.

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