Integrity Alliance LLC. Buys 23,532 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Integrity Alliance LLC increased its holdings in Cisco Systems by 88.9%, owning a total of 49,988 shares valued at over $3 million as of the latest SEC disclosure.
• Company insiders sold 84,953 shares of Cisco stock worth approximately $5.6 million in the last quarter, indicating some movement within management's ownership.
• Cisco declared a quarterly dividend of $0.41 per share, with a yield of 2.4%, scheduled for payment on October 22nd.

Integrity Alliance LLC. raised its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 88.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,988 shares of the network equipment provider's stock after buying an additional 23,532 shares during the period. Integrity Alliance LLC.'s holdings in Cisco Systems were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Ransom Advisory Ltd acquired a new stake in shares of Cisco Systems during the first quarter worth approximately $2,730,000. Aspen Investment Management Inc increased its holdings in shares of Cisco Systems by 4.0% in the first quarter. Aspen Investment Management Inc now owns 20,856 shares of the network equipment provider's stock valued at $1,287,000 after purchasing an additional 795 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its holdings in shares of Cisco Systems by 18.2% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 650,000 shares of the network equipment provider's stock valued at $40,112,000 after purchasing an additional 100,000 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of Cisco Systems by 1.1% in the first quarter. Plato Investment Management Ltd now owns 100,642 shares of the network equipment provider's stock valued at $6,278,000 after purchasing an additional 1,125 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new stake in shares of Cisco Systems in the first quarter valued at approximately $1,638,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CSCO. HSBC reissued a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, KeyCorp initiated coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. One investment 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's stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Activity at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,726 shares of Cisco Systems stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares in the company, valued at approximately $11,447,806.26. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,099 shares of company stock valued at $5,851,765. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Trading Down 1.7%

CSCO stock traded down $1.16 during midday trading on Friday, reaching $66.53. The company's stock had a trading volume of 18,525,267 shares, compared to its average volume of 16,775,248. Cisco Systems, Inc. has a 52 week low of $49.67 and a 52 week high of $72.55. The stock has a market cap of $263.01 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $68.24 and its 200-day simple moving average is $64.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly 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. The company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 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.