Hilltop National Bank Takes Position in Cisco Systems, Inc. $CSCO

Hilltop National Bank purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,892 shares of the network equipment provider's stock, valued at approximately $1,311,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Triad Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 7.1% during the second quarter. Triad Wealth Partners LLC now owns 7,849 shares of the network equipment provider's stock valued at $545,000 after purchasing an additional 518 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cisco Systems by 8.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,984,602 shares of the network equipment provider's stock valued at $207,072,000 after purchasing an additional 232,930 shares in the last quarter. Mechanics Financial Corp lifted its holdings in shares of Cisco Systems by 0.8% during the second quarter. Mechanics Financial Corp now owns 22,935 shares of the network equipment provider's stock valued at $1,591,000 after purchasing an additional 180 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in Cisco Systems by 5.8% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 27,449 shares of the network equipment provider's stock valued at $1,904,000 after acquiring an additional 1,515 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Cisco Systems by 7.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,826 shares of the network equipment provider's stock worth $612,000 after purchasing an additional 635 shares during the period. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSCO. Evercore ISI upped their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Morgan Stanley raised their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Bank of America raised their price objective on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $68.31 on Friday. The stock has a market capitalization of $270.04 billion, a PE ratio of 26.07, a P/E/G ratio of 2.89 and a beta of 0.97. The business has a 50 day simple moving average of $68.12 and a two-hundred day simple moving average of $64.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. 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 predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued 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 Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last three months. 0.01% of the stock is owned by company insiders.

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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