Legacy Private Trust Co. Has $2.04 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• Legacy Private Trust Co. reduced its holdings in Cisco Systems, Inc. by 13.6% in Q2, now owning 29,409 shares valued at $2,040,000 after selling 4,645 shares.
• Insider trading activity included Jeetendra I. Patel selling 9,061 shares at $66.60 each, decreasing his ownership by 3.68%.
• Analysts have adjusted Cisco's price targets, with Morgan Stanley increasing theirs from $67.00 to $70.00, while the average consensus price target now stands at $74.53.

Legacy Private Trust Co. trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,409 shares of the network equipment provider's stock after selling 4,645 shares during the period. Legacy Private Trust Co.'s holdings in Cisco Systems were worth $2,040,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $26,000. JDM Financial Group LLC grew its stake in shares of Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after buying an additional 300 shares during the period. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems in the 1st quarter worth about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems in the 1st quarter worth about $31,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

CSCO stock traded up $0.60 during trading on Thursday, hitting $68.32. 8,670,702 shares of the stock traded hands, compared to its average volume of 20,957,449. Cisco Systems, Inc. has a one year low of $51.15 and a one year high of $72.55. The stock has a market cap of $270.07 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.81 and a beta of 0.99. The company has a 50 day simple moving average of $68.14 and a 200 day simple moving average of $64.06. 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 (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, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the company posted $0.87 EPS. The company's quarterly revenue 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,439 shares of company stock valued at $4,369,104 in the last three months. Insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Morgan Stanley upped 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. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Evercore ISI increased their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. Finally, William Blair upgraded shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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.