Hager Investment Management Services LLC Has $2.19 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Hager Investment Management Services LLC increased its holdings in Cisco Systems by 82.8%, now owning $2.19 million worth of stock, making it the 27th largest position in their portfolio.
• Several analysts have raised their target prices for Cisco Systems, with Bank of America increasing it to $85.00 and rating the stock as a "buy."
• Cisco Systems reported earnings of $0.99 per share for the last quarter, exceeding expectations and showing a 7.6% year-over-year revenue growth.

Hager Investment Management Services LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 82.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,563 shares of the network equipment provider's stock after acquiring an additional 14,297 shares during the period. Cisco Systems comprises approximately 1.3% of Hager Investment Management Services LLC's portfolio, making the stock its 27th biggest holding. Hager Investment Management Services LLC's holdings in Cisco Systems were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CSCO. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems during the first quarter worth $31,000. Nova Wealth Management Inc. acquired a new stake in shares of Cisco Systems in the 1st quarter valued at $31,000. Brown Shipley& Co Ltd acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at $32,000. Fairway Wealth LLC increased its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new position in Cisco Systems during the first quarter worth $36,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Barclays increased their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Evercore ISI increased their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Finally, Bank of America increased their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Stock Up 1.9%

CSCO stock opened at $70.33 on Thursday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company has a market cap of $278.03 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. The business's 50-day simple moving average is $68.18 and its 200 day simple moving average is $64.75. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $14.63 billion. During the same period last year, the business 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, research analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the transaction, the senior vice president 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. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last quarter. Company insiders own 0.01% of the company's stock.

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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