RDA Financial Network Acquires 21,847 Shares of Cisco Systems, Inc. $CSCO

Key Points

• RDA Financial Network increased its stake in Cisco Systems by 339.2% during the second quarter, holding 28,288 shares valued at $1.96 million at the end of the quarter.
• Several analysts have raised their target prices for Cisco Systems, with Barclays and Piper Sandler adjusting their targets to $71.00 and $70.00, respectively, indicating a positive outlook for the stock.
• Cisco Systems announced a quarterly dividend of $0.41 per share, set to be paid on October 22nd, contributing to an annualized dividend yield of 2.5%.

RDA Financial Network boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 339.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,288 shares of the network equipment provider's stock after purchasing an additional 21,847 shares during the period. RDA Financial Network's holdings in Cisco Systems were worth $1,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Cisco Systems in the 4th quarter valued at approximately $26,000. JDM Financial Group LLC lifted its stake in Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter valued at approximately $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the 1st quarter valued at approximately $31,000. Finally, Fairway Wealth LLC lifted its stake in Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 completion of the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,843 shares of company stock valued at $5,968,229 over the last 90 days. Insiders own 0.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CSCO shares. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their price target for the company from $65.00 to $73.00 in a research report on Monday, June 16th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Piper Sandler upped their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Wells Fargo & Company upped their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Up 0.7%

NASDAQ CSCO traded up $0.49 on Monday, hitting $67.02. 16,200,069 shares of the company were exchanged, compared to its average volume of 21,060,037. The company has a market cap of $264.94 billion, a PE ratio of 25.58, a PEG ratio of 2.80 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $49.78 and a 12 month high of $72.55. The stock has a fifty day moving average of $68.24 and a 200-day moving average of $64.00. 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 earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. 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, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. 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.