Cisco Systems, Inc. $CSCO Shares Purchased by Gilman Hill Asset Management LLC

Key Points

• Gilman Hill Asset Management LLC increased its stake in Cisco Systems by 12.1%, acquiring an additional 10,267 shares, totaling 94,821 shares valued at approximately $6.58 million.
• Several hedge funds have also increased stakes in Cisco, with Goldman Sachs leading with a remarkable 37.4% increase in its holdings during the first quarter.
• Cisco reported earnings of $0.99 EPS for the last quarter, exceeding expectations, and has announced a quarterly dividend of $0.41 scheduled for payment to shareholders on October 22nd.

Gilman Hill Asset Management LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,821 shares of the network equipment provider's stock after buying an additional 10,267 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Cisco Systems were worth $6,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC grew its holdings in Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after acquiring an additional 159 shares in the last quarter. Central Valley Advisors LLC boosted its stake in shares of Cisco Systems by 2.6% during the second quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider's stock valued at $437,000 after purchasing an additional 159 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Cisco Systems by 1.4% during the second quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider's stock valued at $804,000 after purchasing an additional 160 shares in the last quarter. Sapient Capital LLC boosted its stake in shares of Cisco Systems by 0.6% during the second quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider's stock valued at $1,732,000 after purchasing an additional 160 shares in the last quarter. Finally, Greenline Partners LLC boosted its position in Cisco Systems by 0.5% during the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock valued at $2,010,000 after acquiring an additional 162 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president directly owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,439 shares of company stock valued at $4,369,104. Corporate insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. 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. CICC Research began coverage on shares of Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. KeyCorp began coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Wall Street Zen cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

Shares of CSCO traded down $0.47 during mid-day trading on Friday, hitting $68.21. 47,786,669 shares of the company were exchanged, compared to its average volume of 15,962,866. The company has a 50 day moving average of $68.14 and a 200-day moving average of $64.13. Cisco Systems, Inc. has a 1-year low of $51.42 and a 1-year high of $72.55. The stock has a market cap of $269.65 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business's revenue 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. Analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced 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 is Friday, October 3rd. Cisco Systems's dividend payout ratio is 62.60%.

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.