SCS Capital Management LLC Purchases New Position in Cisco Systems, Inc. $CSCO

Key Points

• SCS Capital Management LLC has acquired a new stake in Cisco Systems, purchasing 26,537 shares valued at approximately $1.64 million.
• Cisco recently posted $0.99 EPS for its latest quarter, exceeding analyst expectations, and recorded revenue of $14.67 billion, marking a year-over-year increase of 7.6%.
• The company announced a quarterly dividend of $0.41 per share, representing a dividend yield of 2.4%, with the payment scheduled for October 22nd.

SCS Capital Management LLC purchased a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,537 shares of the network equipment provider's stock, valued at approximately $1,638,000.

Several other large investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC lifted its position in 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 valued at $349,000 after acquiring an additional 159 shares in the last quarter. Greenline Partners LLC increased its stake in Cisco Systems by 0.5% in the 1st quarter. Greenline Partners LLC now owns 32,570 shares of the network equipment provider's stock valued at $2,010,000 after buying an additional 162 shares during the last quarter. Legacy Financial Group Inc. increased its stake in Cisco Systems by 3.4% in the 4th 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 during the last quarter. Avalon Trust Co increased its stake in Cisco Systems by 5.4% in the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after buying an additional 177 shares during the last quarter. Finally, Rossmore Private Capital raised its position in Cisco Systems by 0.3% in the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after acquiring an additional 181 shares during the period. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSCO. Wolfe Research began coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 84,953 shares of company stock worth $5,637,512. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $68.13 on Thursday. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The stock has a market cap of $269.33 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. The firm's fifty day simple moving average is $68.34 and its 200 day simple moving average is $63.95. 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 data 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. 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is 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.

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