NBH Bank Invests $1.32 Million in Cisco Systems, Inc. $CSCO

Key Points

• NBH Bank acquired 11,221 Cisco shares during the second quarter, valued at approximately $1.32 million. Institutional investors and hedge funds collectively own 73.33% of Cisco’s outstanding stock.
• Analyst sentiment remains favorable, with Cisco holding a “Moderate Buy” consensus rating and an average price target of $129.68; several firms recently raised their targets to as high as $150.
• Cisco exceeded quarterly expectations, reporting $1.22 in EPS and $17.25 billion in revenue, while revenue increased 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, equivalent to a 1.5% annual yield.

NBH Bank purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,221 shares of the network equipment provider's stock, valued at approximately $1,318,000.

Other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in Cisco Systems in the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Cisco Systems in the 4th quarter worth $25,000. Networth Advisors LLC lifted its holdings in shares of Cisco Systems by 276.4% in the first quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock valued at $26,000 after buying an additional 246 shares during the period. Financial Life Planners acquired a new stake in shares of Cisco Systems in the first quarter valued at $27,000. Finally, Manning & Napier Advisors LLC boosted its stake in Cisco Systems by 137.0% during the first quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CSCO. KeyCorp upped their price target on shares of Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Cisco Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Bank of America raised their target price on shares of Cisco Systems from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, June 8th. New Street Research upped their price target on Cisco Systems from $82.00 to $122.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Finally, Evercore increased their price objective on Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $129.68.

Cisco Systems Trading Up 0.5%

NASDAQ CSCO opened at $109.20 on Friday. The firm's 50 day moving average price is $114.26 and its two-hundred day moving average price is $102.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. Cisco Systems, Inc. has a twelve month low of $66.13 and a twelve month high of $130.37. The stock has a market cap of $430.41 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.26 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The company had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company's revenue for the quarter was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Equities analysts anticipate that Cisco Systems, Inc. will post 4.43 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be issued a $0.42 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. Cisco Systems's dividend payout ratio is currently 50.30%.

Insiders Place Their Bets

In related news, EVP Deborah Stahlkopf sold 6,487 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.53, for a total transaction of $723,495.11. Following the completion of the sale, the executive vice president directly owned 167,116 shares in the company, valued at approximately $18,638,447.48. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the completion of the transaction, the chief executive officer owned 602,710 shares in the company, valued at approximately $67,226,273.40. This represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,611 shares of company stock valued at $6,066,680 over the last ninety days. Insiders own 0.01% of the company's stock.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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