Napa Wealth Management Has $1.49 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• Napa Wealth Management reduced its stake in Cisco Systems, Inc. by 38.0%, now holding 24,097 shares worth approximately $1.487 million.
• Cisco reported a quarterly earnings per share of $0.99, exceeding analysts' expectations, with revenue reaching $14.67 billion, a 7.6% increase compared to the same quarter last year.
• The company declared a quarterly dividend of $0.41 per share to be paid on October 22nd, offering an annualized yield of 2.4%.

Napa Wealth Management reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,097 shares of the network equipment provider's stock after selling 14,749 shares during the quarter. Napa Wealth Management's holdings in Cisco Systems were worth $1,487,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Cadence Bank raised its holdings in Cisco Systems by 3.2% in the 1st quarter. Cadence Bank now owns 202,252 shares of the network equipment provider's stock valued at $12,481,000 after acquiring an additional 6,323 shares during the period. Smartleaf Asset Management LLC raised its holdings in Cisco Systems by 1.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 45,057 shares of the network equipment provider's stock valued at $2,742,000 after acquiring an additional 736 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Cisco Systems by 1.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 408,763 shares of the network equipment provider's stock valued at $25,225,000 after acquiring an additional 4,435 shares during the period. Groupe la Francaise grew its stake in shares of Cisco Systems by 23.5% in the first quarter. Groupe la Francaise now owns 8,010 shares of the network equipment provider's stock valued at $484,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in shares of Cisco Systems by 15.5% in the first quarter. Sax Wealth Advisors LLC now owns 9,135 shares of the network equipment provider's stock valued at $564,000 after acquiring an additional 1,225 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

Shares of Cisco Systems stock traded up $0.30 on Friday, reaching $67.32. 16,826,733 shares of the stock were exchanged, compared to its average volume of 22,719,050. The firm's 50 day moving average is $68.20 and its 200-day moving average is $63.57. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market cap of $266.59 billion, a PE ratio of 25.69, a P/E/G ratio of 2.75 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share 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 27.02%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm posted $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. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Insider Buying and Selling

In other news, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $15,811,173. This represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,118 shares of company stock worth $8,847,167. Corporate insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research reports. Evercore ISI upped their price target 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. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. HSBC restated a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Finally, Morgan Stanley increased their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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.