McElhenny Sheffield Capital Management LLC Takes Position in Cisco Systems, Inc. $CSCO

McElhenny Sheffield Capital Management LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 126,017 shares of the network equipment provider's stock, valued at approximately $8,743,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Postrock Partners LLC raised its stake in Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after purchasing an additional 150 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Cisco Systems by 0.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock worth $2,871,000 after purchasing an additional 150 shares during the period. Pacifica Partners Inc. raised its stake in Cisco Systems by 0.5% during the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock worth $2,338,000 after purchasing an additional 155 shares during the period. Pacific Sage Partners LLC raised its stake in Cisco Systems by 0.9% during the second quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock worth $1,162,000 after purchasing an additional 156 shares during the period. Finally, Childress Capital Advisors LLC raised its stake in Cisco Systems by 0.8% during the second quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock worth $1,305,000 after purchasing an additional 157 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Trading Up 1.9%

Shares of CSCO stock opened at $70.33 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a market capitalization of $278.03 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. The company has a 50 day moving average price of $68.18 and a 200 day moving average price of $64.75. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm 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 business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is 62.60%.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is currently owned by insiders.

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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