Kingstone Capital Partners Texas LLC Acquires Shares of 13,037,497 Cisco Systems, Inc. $CSCO

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $904.54 million in Cisco Systems by acquiring over 13 million shares, representing 0.33% of the company's stock as of the latest SEC filing.
• Several analysts have raised their price targets for Cisco's stock, with JPMorgan and UBS setting new target prices of $78.00 and $74.00, respectively, indicating a positive outlook for the company's performance.
• Cisco recently announced a quarterly dividend of $0.41 per share, which will be paid on October 22, creating an annualized dividend yield of 2.4% for shareholders.

Kingstone Capital Partners Texas LLC bought a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,037,497 shares of the network equipment provider's stock, valued at approximately $904,542,000. Kingstone Capital Partners Texas LLC owned 0.33% of Cisco Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after purchasing an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after buying an additional 2,474 shares during the period. PharVision Advisers LLC purchased a new position in shares of Cisco Systems in the fourth quarter worth $325,000. Focus Partners Advisor Solutions LLC raised its stake in shares of Cisco Systems by 30.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 68,904 shares of the network equipment provider's stock valued at $4,079,000 after acquiring an additional 16,061 shares during the period. Finally, Novem Group bought a new position in Cisco Systems during the 4th quarter worth about $649,000. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Down 1.0%

NASDAQ CSCO traded down $0.69 during trading hours on Monday, hitting $67.53. The company's stock had a trading volume of 8,043,765 shares, compared to its average volume of 21,097,809. The company's 50-day simple moving average is $68.14 and its two-hundred day simple moving average is $64.14. 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 52 week low of $51.89 and a 52 week high of $72.55. The company has a market capitalization of $266.94 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99.

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

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid 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 dividend yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 30,557 shares of the business's 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. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,439 shares of company stock worth $4,369,104 over the last 90 days. Corporate insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSCO. HSBC reaffirmed a "hold" rating and set a $69.00 price objective on shares of Cisco Systems in a research note on Friday, August 15th. Barclays upped their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Evercore ISI increased their target price on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company boosted their price target on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

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.