Plancorp LLC Acquires 4,673 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Plancorp LLC increased its stake in Cisco Systems by 22.9%, holding 25,094 shares valued at approximately $1.55 million as of its latest SEC filing.
• Cisco Systems reported an earnings per share (EPS) of $0.99 for the latest quarter, beating estimates and marking a 7.6% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.41 to be paid on October 22, which represents a 2.5% yield.

Plancorp LLC grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 22.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,094 shares of the network equipment provider's stock after buying an additional 4,673 shares during the period. Plancorp LLC's holdings in Cisco Systems were worth $1,549,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of Cisco Systems by 49.5% during the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after acquiring an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after acquiring an additional 2,474 shares in the last quarter. Ethic Inc. lifted its holdings in Cisco Systems by 1.4% in the 4th quarter. Ethic Inc. now owns 431,762 shares of the network equipment provider's stock worth $25,560,000 after buying an additional 6,122 shares in the last quarter. Ellevest Inc. lifted its holdings in Cisco Systems by 32.6% in the 4th quarter. Ellevest Inc. now owns 6,947 shares of the network equipment provider's stock worth $411,000 after buying an additional 1,709 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Cisco Systems by 7.8% in the 4th quarter. Focus Partners Wealth now owns 1,853,524 shares of the network equipment provider's stock worth $110,301,000 after buying an additional 134,715 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company'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 value of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 639,000 shares of the company's stock, 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 quarter, insiders sold 89,311 shares of company stock worth $5,916,823. Company insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup boosted their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, CICC Research started coverage on shares of Cisco Systems in a research report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO traded down $1.09 during trading on Friday, reaching $66.90. 21,048,179 shares of the company's stock traded hands, compared to its average volume of 20,291,668. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company has a 50 day moving average of $68.44 and a 200-day moving average of $63.88. The stock has a market capitalization of $264.47 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Cisco Systems'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. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared 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 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

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.