Leo Wealth LLC Acquires 9,580 Shares of Cisco Systems, Inc. $CSCO

Leo Wealth LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 19.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57,913 shares of the network equipment provider's stock after acquiring an additional 9,580 shares during the quarter. Leo Wealth LLC's holdings in Cisco Systems were worth $4,018,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $8,743,000. MSH Capital Advisors LLC lifted its holdings in shares of Cisco Systems by 1.5% in the 2nd quarter. MSH Capital Advisors LLC now owns 39,512 shares of the network equipment provider's stock worth $2,741,000 after acquiring an additional 576 shares during the last quarter. Lokken Investment Group LLC lifted its holdings in shares of Cisco Systems by 3.9% in the 2nd quarter. Lokken Investment Group LLC now owns 30,558 shares of the network equipment provider's stock worth $2,120,000 after acquiring an additional 1,145 shares during the last quarter. Armstrong Fleming & Moore Inc bought a new stake in shares of Cisco Systems in the 2nd quarter worth approximately $681,000. Finally, Tectonic Advisors LLC lifted its holdings in shares of Cisco Systems by 4.2% in the 2nd quarter. Tectonic Advisors LLC now owns 184,898 shares of the network equipment provider's stock worth $12,828,000 after acquiring an additional 7,473 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CSCO has been the subject of a number of recent research reports. HSBC restated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Piper Sandler upped their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. upped 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. KeyCorp initiated coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Up 1.9%

Shares of Cisco Systems stock opened at $70.33 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company's fifty day simple moving average is $68.18 and its two-hundred day simple moving average is $64.75. The company has a market cap of $278.03 billion, a P/E ratio of 26.84, a PEG ratio of 2.90 and a beta of 0.97. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current 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 given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. The trade was a 8.10% 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 the business's stock in a transaction 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 transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by corporate insiders.

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.

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