Seek First Inc. Acquires New Position in Cisco Systems, Inc. $CSCO

Key Points

• Seek First Inc. acquired a new stake in Cisco Systems by purchasing 7,724 shares valued at approximately $477,000 during the first quarter of the year.
• Cisco Systems reported $0.99 earnings per share for the last quarter, surpassing analysts' expectations and marking a 7.6% revenue increase compared to the same period last year.
• The company announced a quarterly dividend of $0.41, providing an annualized yield of 2.5% for investors of record on October 3rd.

Seek First Inc. bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,724 shares of the network equipment provider's stock, valued at approximately $477,000.

Several other large investors have also added to or reduced their stakes in the company. Navigoe LLC acquired a new stake in shares of Cisco Systems during the fourth quarter worth about $26,000. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the 4th quarter worth approximately $26,000. JDM Financial Group LLC raised its position in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the 1st quarter valued at approximately $31,000. Finally, Fairway Wealth LLC boosted its holdings in shares of 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 acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Transactions at Cisco Systems

In related news, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total transaction of $1,027,222.56. Following the transaction, the chief financial officer directly owned 309,543 shares in the company, valued at approximately $20,281,257.36. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,607 shares of company stock valued at $8,345,132. Insiders own 0.01% of the company's stock.

Cisco Systems Price Performance

CSCO traded up $0.3410 during midday trading on Wednesday, hitting $67.1010. 11,123,531 shares of the company traded hands, compared to its average volume of 21,554,172. The business has a 50 day simple moving average of $68.04 and a two-hundred day simple moving average of $63.44. Cisco Systems, Inc. has a 52-week low of $47.85 and a 52-week high of $72.55. The company has a market capitalization of $265.72 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.87 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given 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 (DPR) is 62.60%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSCO shares. Wells Fargo & Company raised their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Wolfe Research assumed coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. Bank of America upped their target price on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. HSBC reaffirmed a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a report on Friday, August 15th. Finally, Deutsche Bank Aktiengesellschaft raised Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the company from $65.00 to $73.00 in a report on Monday, June 16th. One investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

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.