Global Financial Private Client LLC Purchases 4,011 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Global Financial Private Client LLC increased its stake in Cisco Systems, Inc. by 10.1%, owning 43,906 shares valued at approximately $3.05 million as of the latest SEC filing.
• Cisco's recent earnings report revealed earnings per share of $0.99, beating expectations and showcasing a 7.6% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.41 per share, with a payout ratio of 62.60% and an annualized dividend yield of 2.4%.

Global Financial Private Client LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,906 shares of the network equipment provider's stock after acquiring an additional 4,011 shares during the quarter. Cisco Systems makes up about 1.1% of Global Financial Private Client LLC's holdings, making the stock its 16th largest position. Global Financial Private Client LLC's holdings in Cisco Systems were worth $3,046,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares in the last quarter. Nuveen LLC purchased a new position in shares of Cisco Systems in the 1st quarter worth about $750,495,000. Pacer Advisors Inc. boosted its holdings in shares of Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock worth $501,140,000 after purchasing an additional 7,468,212 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cisco Systems by 7,096.5% in the 1st quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CSCO shares. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. UBS Group boosted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Piper Sandler boosted their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Down 0.7%

CSCO traded down $0.46 during trading on Monday, hitting $67.75. 20,383,682 shares of the company's stock traded hands, compared to its average volume of 17,512,462. The company's 50 day simple moving average is $68.14 and its two-hundred day simple moving average is $64.17. 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 $51.89 and a 12-month high of $72.55. The stock has a market capitalization of $267.83 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the business posted $0.87 EPS. The company'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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the transaction, the executive vice president directly owned 158,009 shares of the company's stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company's stock.

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.