LeConte Wealth Management LLC Makes New Investment in Cisco Systems, Inc. $CSCO

Key Points

• LeConte Wealth Management LLC has acquired 6,260 shares of Cisco Systems, Inc. valued at approximately $386,000, marking its first investment in the tech company.
• Analysts have mixed ratings on Cisco, with HSBC maintaining a "hold" rating and Deutsche Bank upgrading to "buy" with a new price target of $73.00.
• Cisco Systems recently reported a quarterly EPS of $0.99, exceeding expectations, and announced a quarterly dividend of $0.41 per share, with a payout ratio of 62.60%.

LeConte Wealth Management LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,260 shares of the network equipment provider's stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Financial Group Inc. lifted its position in Cisco Systems by 3.4% during the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after purchasing an additional 169 shares during the period. Capital Advantage Inc. raised its position in shares of Cisco Systems by 1.0% during the 4th quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock worth $1,028,000 after purchasing an additional 172 shares during the last quarter. Avalon Trust Co raised its position in shares of Cisco Systems by 5.4% during the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after purchasing an additional 177 shares during the last quarter. Rossmore Private Capital raised its position in shares of Cisco Systems by 0.3% during the 1st quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after purchasing an additional 181 shares during the last quarter. Finally, Hemington Wealth Management raised its position in shares of Cisco Systems by 4.1% during the 1st quarter. Hemington Wealth Management now owns 4,803 shares of the network equipment provider's stock worth $296,000 after purchasing an additional 189 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CSCO. KeyCorp began coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective for the company. Citigroup increased their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Bank of America increased their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Evercore ISI increased their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Insider Activity

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the sale, the chief financial officer owned 309,543 shares in the company, valued at approximately $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,607 shares of company stock worth $8,345,132 in the last three months. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Trading Up 0.5%

Shares of NASDAQ:CSCO traded up $0.3250 during mid-day trading on Wednesday, reaching $67.0850. 9,865,323 shares of the company were exchanged, compared to its average volume of 21,551,043. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The firm has a market cap of $265.66 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.87 and a beta of 0.91. The firm's 50-day simple moving average is $68.04 and its 200 day simple moving average is $63.44. Cisco Systems, Inc. has a 1 year low of $47.85 and a 1 year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $14.67 billion during 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 27.02%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company 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. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed 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 dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

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.