Sowell Financial Services LLC Purchases 7,825 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Sowell Financial Services LLC increased its holdings in Cisco Systems, Inc. by 8.0%, owning 105,055 shares valued at approximately $7.29 million as of the latest SEC filing.
• Insider transactions reveal CEO Charles Robbins sold 30,557 shares at an average price of $66.63, while SVP Maria Victoria Wong sold 3,162 shares at an average of $67.28.
• Cisco Systems announced a quarterly dividend of $0.41 per share, set to be paid on October 22nd, representing a 2.4% yield on an annualized basis.

Sowell Financial Services LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,055 shares of the network equipment provider's stock after buying an additional 7,825 shares during the quarter. Sowell Financial Services LLC's holdings in Cisco Systems were worth $7,289,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of Cisco Systems in the second quarter valued at approximately $257,000. Petredis Investment Advisors LLC increased its stake in Cisco Systems by 1.9% during the 2nd quarter. Petredis Investment Advisors LLC now owns 64,050 shares of the network equipment provider's stock worth $4,444,000 after acquiring an additional 1,192 shares during the period. Annex Advisory Services LLC increased its stake in Cisco Systems by 97.7% during the 2nd quarter. Annex Advisory Services LLC now owns 51,239 shares of the network equipment provider's stock worth $3,555,000 after acquiring an additional 25,328 shares during the period. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Cisco Systems by 2.3% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 42,502 shares of the network equipment provider's stock valued at $2,949,000 after purchasing an additional 937 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its stake in shares of Cisco Systems by 9.2% in the 2nd quarter. Ullmann Wealth Partners Group LLC now owns 5,526 shares of the network equipment provider's stock valued at $383,000 after purchasing an additional 464 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Cisco Systems stock traded down $0.46 during trading on Monday, hitting $67.75. The stock had a trading volume of 20,383,682 shares, compared to its average volume of 21,169,549. Cisco Systems, Inc. has a 1 year low of $51.89 and a 1 year high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average is $68.14 and its two-hundred day moving average is $64.14. The stock has a market cap of $267.83 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.87 and a beta of 0.99.

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, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. Cisco Systems's revenue for the quarter was up 7.6% on a year-over-year basis. 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, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced 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 is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio is currently 62.60%.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on CSCO shares. KeyCorp started coverage on Cisco Systems in a report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. Wolfe Research assumed coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Wells Fargo & Company boosted their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Morgan Stanley boosted their price objective on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

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.