Private Client Services LLC Makes New Investment in Cisco Systems, Inc. $CSCO

Key Points

• Private Client Services LLC has acquired a new position in Cisco Systems, purchasing 4,374 shares for approximately $303,000 in the second quarter.
• Analysts have raised price targets for Cisco Systems, with Bank of America increasing its target from $76.00 to $85.00 and others issuing ratings including a "buy" and "outperform."
• Cisco Systems recently declared a quarterly dividend of $0.41 per share, reflecting a dividend yield of 2.5%, set to be paid on October 22nd.

Private Client Services LLC bought a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,374 shares of the network equipment provider's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSCO. Ashton Thomas Securities LLC raised its holdings in shares of Cisco Systems by 2.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after purchasing an additional 159 shares in the last quarter. Greenline Partners LLC grew its position in Cisco Systems by 0.5% in the first quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock worth $2,010,000 after buying an additional 162 shares during the last quarter. Legacy Financial Group Inc. increased its holdings in shares of Cisco Systems by 3.4% in the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after buying an additional 169 shares in the last quarter. Birchbrook Inc. lifted its position in shares of Cisco Systems by 6.3% during the 1st quarter. Birchbrook Inc. now owns 2,964 shares of the network equipment provider's stock valued at $183,000 after acquiring an additional 176 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in shares of Cisco Systems by 5.4% during the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after acquiring an additional 177 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares of the company's stock, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,843 shares of company stock valued at $5,968,229. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSCO. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Piper Sandler boosted their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. CICC Research began 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 on the stock. Finally, Bank of America increased their target price on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. One investment 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 company's stock. According to MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Up 0.7%

Shares of NASDAQ CSCO traded up $0.49 during mid-day trading on Monday, reaching $67.02. The company had a trading volume of 16,200,069 shares, compared to its average volume of 21,060,037. 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, Inc. has a twelve month low of $49.78 and a twelve month high of $72.55. The stock's 50 day moving average is $68.24 and its 200-day moving average is $64.00. The stock has a market capitalization of $264.94 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results 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. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The business's quarterly revenue 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. As a group, equities analysts anticipate 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 given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) 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.