Sara Bay Financial Acquires 6,646 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Sara Bay Financial increased its holdings in Cisco Systems by 25.6%, acquiring an additional 6,646 shares in the second quarter, totaling 32,572 shares valued at approximately $2.26 million.
• Cisco recently reported earnings per share of $0.99 for its latest quarter, exceeding analyst estimates and showcasing a year-over-year revenue increase of 7.6%.
• The company announced a quarterly dividend of $0.41 per share, with an upcoming payout date on October 22nd, reflecting a dividend yield of 2.4%.

Sara Bay Financial grew its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 25.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,572 shares of the network equipment provider's stock after acquiring an additional 6,646 shares during the quarter. Cisco Systems accounts for 0.8% of Sara Bay Financial's portfolio, making the stock its 13th largest holding. Sara Bay Financial's holdings in Cisco Systems were worth $2,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Cisco Systems during the second quarter worth $904,542,000. Goldman Sachs Group Inc. increased its stake in shares of Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cisco Systems in the first quarter valued at $750,495,000. Pacer Advisors Inc. increased its stake in shares of Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Cisco Systems by 7,096.5% in the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after buying an additional 6,625,045 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Cisco Systems Stock Down 0.3%

NASDAQ:CSCO opened at $67.54 on Wednesday. The firm has a market capitalization of $267.00 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. Cisco Systems, Inc. has a twelve month low of $52.01 and a twelve month high of $72.55. The stock's 50 day moving average price is $68.15 and its two-hundred day moving average price is $64.19. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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 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 dividend yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wolfe Research assumed coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Wells Fargo & Company lifted their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. HSBC reiterated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

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.

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