Park Avenue Securities LLC Takes $16.58 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• Park Avenue Securities LLC purchased 238,978 shares of Cisco Systems, valued at approximately $16.58 million, during the second quarter.
• Other institutional investors such as Vanguard Group and Goldman Sachs also increased their stakes in Cisco, indicating strong investor interest, with institutional ownership at 73.33% of the company's stock.
• Cisco has declared a quarterly dividend of $0.41, with a yield of 2.4%, set to be paid on October 22nd to investors of record on October 3rd.

Park Avenue Securities LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 238,978 shares of the network equipment provider's stock, valued at approximately $16,580,000.

A number of other institutional investors have also recently made changes to their positions in CSCO. Pandora Wealth Inc. purchased a new position in Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems in the first quarter valued at $31,000. Fairway Wealth LLC grew its stake in 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 in the last quarter. Accent Capital Management LLC acquired a new position in shares of Cisco Systems in the 1st quarter worth approximately $36,000. Finally, Investment Management Corp VA ADV grew its position in shares of Cisco Systems by 145.3% in the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock valued at $37,000 after buying an additional 353 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of CSCO stock traded down $0.47 during trading hours on Friday, reaching $68.21. The company had a trading volume of 47,786,669 shares, compared to its average volume of 17,512,462. Cisco Systems, Inc. has a 12-month low of $51.42 and a 12-month high of $72.55. The company has a market capitalization of $269.65 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.87 and a beta of 0.99. The stock has a fifty day moving average of $68.14 and a 200-day moving average of $64.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period last year, the firm earned $0.87 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, equities analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 3,162 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $67.28, for a total value of $212,739.36. Following the completion of the transaction, the senior vice president owned 31,468 shares in the company, valued at $2,117,167.04. This represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,439 shares of company stock valued at $4,369,104. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CSCO. Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. boosted their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price objective on the stock. Wells Fargo & Company raised their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $65.00 to $73.00 in a report on Monday, June 16th. One equities research 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's stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price 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.