Lewis Asset Management LLC Raises Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Lewis Asset Management LLC increased its holdings in Cisco Systems by 123.7%, acquiring an additional 11,028 shares, bringing its total to 19,941 shares valued at approximately $1.38 million.
• CEO Charles Robbins sold 30,557 shares of Cisco stock for around $2.04 million, resulting in a 4.56% decrease in his ownership, while insiders collectively sold 65,439 shares worth $4.37 million in the last quarter.
• Cisco Systems reported earnings of $0.99 per share, exceeding expectations, and announced a quarterly dividend of $0.41 per share, resulting in a dividend yield of 2.4%.

Lewis Asset Management LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 123.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,941 shares of the network equipment provider's stock after purchasing an additional 11,028 shares during the period. Lewis Asset Management LLC's holdings in Cisco Systems were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CSCO. Brighton Jones LLC boosted its stake in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after acquiring an additional 24,562 shares during the period. Revolve Wealth Partners LLC raised its stake 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 worth $542,000 after purchasing an additional 2,474 shares during the period. Invst LLC acquired a new position in shares of Cisco Systems in the 4th quarter valued at $224,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Cisco Systems in the 4th quarter valued at about $855,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth about $44,000. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO traded down $0.46 during trading hours on Monday, hitting $67.75. 20,383,682 shares of the company's stock traded hands, compared to its average volume of 17,512,462. The firm's 50-day moving average is $68.14 and its 200-day moving average is $64.17. Cisco Systems, Inc. has a 52-week low of $51.89 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The company has a market capitalization of $267.83 billion, a PE ratio of 25.86, a PEG ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the business earned $0.87 EPS. The firm's quarterly revenue was up 7.6% on a year-over-year basis. 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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Activity at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock valued at $5,559,996 in the last ninety days. 0.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. UBS Group boosted their price target on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Barclays increased their price target on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. CICC Research assumed coverage on Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 price target for the company. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. boosted their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

About Cisco Systems

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.