Mainstay Capital Management LLC ADV Boosts Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Mainstay Capital Management LLC ADV increased its holdings in Cisco Systems by 100.2% in the second quarter, owning 75,841 shares valued at $5,262,000.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, surpassing analysts' expectations, with a revenue of $14.67 billion during the quarter.
• The firm announced a quarterly dividend of $0.41 per share, reflecting a yield of 2.3% with the payment to occur on October 22nd.

Mainstay Capital Management LLC ADV lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 100.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,841 shares of the network equipment provider's stock after purchasing an additional 37,961 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Cisco Systems were worth $5,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CSCO. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the first quarter worth approximately $31,000. Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems during the 2nd quarter worth $32,000. Fairway Wealth LLC grew its position 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 during the period. Finally, Accent Capital Management LLC bought a new position in Cisco Systems in the 1st quarter worth $36,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of Cisco Systems stock opened at $70.33 on Thursday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The company has a market capitalization of $278.03 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. The stock's fifty day moving average is $68.18 and its two-hundred day moving average is $64.75. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The company 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 27.06%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's dividend payout ratio is 62.60%.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the business'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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm'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 $603,462.60. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last quarter. Corporate insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

CSCO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Evercore ISI raised 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. Wolfe Research began coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a "peer perform" rating for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems 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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