Smith Chas P & Associates PA Cpas Has $12.02 Million Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Smith Chas P & Associates PA Cpas reduced its holdings in Cisco Systems by 7.8%, now owning 173,194 shares worth $12.02 million.
• Analysts have generally positive outlooks for Cisco, with a consensus target price of $74.53 and ratings including 1 Strong Buy and 13 Buy ratings.
• Cisco announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.4%, payable on October 22nd.

Smith Chas P & Associates PA Cpas lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 173,194 shares of the network equipment provider's stock after selling 14,700 shares during the quarter. Smith Chas P & Associates PA Cpas' holdings in Cisco Systems were worth $12,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems during the first quarter worth $31,000. Fairway Wealth LLC increased its position 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 buying an additional 400 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Cisco Systems in the 1st quarter valued at $36,000. Finally, Investment Management Corp VA ADV lifted its position in Cisco Systems by 145.3% in the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock valued at $37,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CSCO shares. UBS Group upped their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Evercore ISI increased their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. Rosenblatt Securities reissued a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the completion of the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.9%

Shares of CSCO stock opened at $67.22 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a fifty day moving average price of $68.12 and a 200-day moving average price of $64.36. The company has a market cap of $265.73 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.83 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55.

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 for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. Cisco Systems'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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Cisco Systems 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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