Sound Income Strategies LLC Raises Position in Cisco Systems, Inc. $CSCO

Key Points

• Sound Income Strategies LLC increased its stake in Cisco Systems by 5.8% during Q2, holding 394,886 shares valued at approximately $27.4 million.
• Cisco reported earnings of $0.99 EPS for the quarter, surpassing estimates, and set a Q1 2026 guidance of 0.970-0.990 EPS.
• The company is declaring a quarterly dividend of $0.41, giving it an annual yield of 2.4%, with the ex-dividend date set for October 3rd.

Sound Income Strategies LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,886 shares of the network equipment provider's stock after acquiring an additional 21,612 shares during the quarter. Cisco Systems accounts for about 1.6% of Sound Income Strategies LLC's portfolio, making the stock its 14th largest position. Sound Income Strategies LLC's holdings in Cisco Systems were worth $27,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Postrock Partners LLC raised its holdings in Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after acquiring an additional 150 shares in the last quarter. Pacifica Partners Inc. increased its position in shares of Cisco Systems by 0.5% in the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after purchasing an additional 155 shares during the last quarter. Pacific Sage Partners LLC raised its holdings in shares of Cisco Systems by 0.9% in the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after purchasing an additional 156 shares in the last quarter. Ashton Thomas Securities LLC lifted its position in shares of Cisco Systems by 2.9% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after purchasing an additional 159 shares during the last quarter. Finally, Central Valley Advisors LLC grew its stake in shares of Cisco Systems by 2.6% during the second quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider's stock worth $437,000 after purchasing an additional 159 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSCO. Barclays raised their price target on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. William Blair upgraded Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded 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 issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $67.22 on Monday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The stock has a market capitalization of $265.73 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.83 and a beta of 0.99. The company has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $64.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

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

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Insider Buying and Selling

In related news, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction dated Friday, September 19th. The shares were 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 of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the sale, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last ninety days. Insiders own 0.01% of the company's stock.

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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