Precision Wealth Strategies LLC Purchases New Shares in Cisco Systems, Inc. $CSCO

Key Points

• Precision Wealth Strategies LLC acquired 31,756 shares of Cisco Systems, Inc. valued at approximately $2.2 million during the second quarter.
• Insider transactions revealed that CEO Charles Robbins and EVP Oliver Tuszik sold significant amounts of stock, indicating decreases in their ownership positions.
• Cisco reported a quarterly earnings surprise with an EPS of $0.99, slightly beating analyst estimates and showing a 7.6% increase in revenue year-over-year.

Precision Wealth Strategies LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,756 shares of the network equipment provider's stock, valued at approximately $2,203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. USA Financial Formulas raised its position in Cisco Systems by 5.3% in the 2nd quarter. USA Financial Formulas now owns 45,834 shares of the network equipment provider's stock valued at $3,180,000 after purchasing an additional 2,314 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its position in Cisco Systems by 10.8% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 5,472 shares of the network equipment provider's stock valued at $380,000 after purchasing an additional 533 shares during the last quarter. Dogwood Wealth Management LLC raised its position in Cisco Systems by 5,499.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 11,646 shares of the network equipment provider's stock valued at $799,000 after purchasing an additional 11,438 shares during the last quarter. First Pacific Financial raised its position in Cisco Systems by 1,781.2% in the 2nd quarter. First Pacific Financial now owns 64,677 shares of the network equipment provider's stock valued at $4,487,000 after purchasing an additional 61,239 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc purchased a new stake in Cisco Systems in the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company's stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 directly owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last three months. Company insiders own 0.01% of the company's stock.

Wall Street Analyst Weigh In

CSCO has been the subject of several research reports. KeyCorp began coverage on shares of Cisco Systems in a research report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target for the company. UBS Group boosted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Evercore ISI boosted their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $68.75 on Thursday. The stock has a market cap of $271.78 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.88 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The company's 50-day moving average price is $68.12 and its 200 day moving average price is $64.46. 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 data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 net margin of 18.45% and a return on equity of 27.06%. The firm's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $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. As a group, research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors 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 yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is presently 62.60%.

About Cisco Systems

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.