Northstar Advisory Group LLC Grows Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Northstar Advisory Group LLC increased its stake in Cisco Systems, Inc. by 83.2% during Q2, now holding 8,293 shares valued at approximately $575,000.
• Several institutional investors, including Arlington Trust Co and Martin Capital Partners, also raised their stakes in Cisco, reflecting a broader interest in the company among hedge funds and institutional investors.
• Cisco reported $0.99 EPS for Q3, exceeding expectations, with revenue of $14.67 billion, marking a 7.6% year-over-year increase, and provided guidance for future earnings with a strong dividend yield of 2.5%.

Northstar Advisory Group LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 83.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,293 shares of the network equipment provider's stock after buying an additional 3,766 shares during the quarter. Northstar Advisory Group LLC's holdings in Cisco Systems were worth $575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arlington Trust Co LLC lifted its stake in Cisco Systems by 28.2% during the second quarter. Arlington Trust Co LLC now owns 17,798 shares of the network equipment provider's stock worth $1,235,000 after purchasing an additional 3,911 shares during the last quarter. Atwood & Palmer Inc. lifted its stake in Cisco Systems by 0.3% during the second quarter. Atwood & Palmer Inc. now owns 522,830 shares of the network equipment provider's stock worth $36,274,000 after purchasing an additional 1,624 shares during the last quarter. Persium Advisors LLC lifted its stake in Cisco Systems by 2.8% during the second quarter. Persium Advisors LLC now owns 11,635 shares of the network equipment provider's stock worth $807,000 after purchasing an additional 320 shares during the last quarter. Martin Capital Partners LLC lifted its stake in Cisco Systems by 224.9% during the second quarter. Martin Capital Partners LLC now owns 120,196 shares of the network equipment provider's stock worth $8,339,000 after purchasing an additional 83,206 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Cisco Systems by 0.5% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 200,898 shares of the network equipment provider's stock worth $13,938,000 after purchasing an additional 1,082 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSCO has been the topic of several research analyst reports. Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Wells Fargo & Company increased their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Morgan Stanley increased their target price on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Cisco Systems presently has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. This trade represents a 1.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,099 shares of company stock worth $5,851,765. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 1.7%

Shares of CSCO opened at $66.53 on Monday. The business's 50-day moving average price is $68.24 and its 200 day moving average price is $64.00. The stock has a market capitalization of $263.01 billion, a P/E ratio of 25.39, a P/E/G ratio of 2.80 and a beta of 0.99. Cisco Systems, Inc. has a 1-year low of $49.67 and a 1-year high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

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. The firm had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $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. 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. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. Cisco Systems's dividend payout ratio (DPR) is presently 62.60%.

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.

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.