Linden Thomas Advisory Services LLC Purchases 22,576 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Cisco Systems by 47.6%, acquiring an additional 22,576 shares for a total of 70,016 shares, valued at approximately $4.86 million.
• CEO Charles Robbins sold over 30,000 shares of Cisco, reducing his ownership by 4.56%, while other executives also sold shares during the same period.
• Cisco reported a quarterly earnings beat with a net margin of 18.45% and revenues of $14.67 billion, reflecting a 7.6% increase year-over-year.

Linden Thomas Advisory Services LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 47.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 70,016 shares of the network equipment provider's stock after acquiring an additional 22,576 shares during the period. Linden Thomas Advisory Services LLC's holdings in Cisco Systems were worth $4,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Postrock Partners LLC raised its stake in Cisco Systems by 4.5% in the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after acquiring an additional 150 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Cisco Systems by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after acquiring an additional 150 shares during the period. Lion Street Advisors LLC raised its stake in Cisco Systems by 0.7% in the 2nd quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock valued at $1,436,000 after acquiring an additional 152 shares during the period. Balboa Wealth Partners increased its position in shares of Cisco Systems by 1.7% during the second quarter. Balboa Wealth Partners now owns 9,150 shares of the network equipment provider's stock valued at $635,000 after buying an additional 153 shares during the period. Finally, Pacifica Partners Inc. increased its position in shares of Cisco Systems by 0.5% during the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after buying an additional 155 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CSCO shares. HSBC reiterated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Wells Fargo & Company upped their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Piper Sandler upped their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.72.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred 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 owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

Shares of CSCO stock traded up $0.36 during trading on Friday, hitting $70.63. The company had a trading volume of 13,068,933 shares, compared to its average volume of 17,035,312. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock's 50-day moving average is $68.30 and its two-hundred day moving average is $65.61. The stock has a market capitalization of $279.21 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week 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 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 company had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Cisco Systems's revenue for the quarter 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. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were 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 was Friday, October 3rd. 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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.