Strategic Planning Group LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,884 shares of the network equipment provider's stock after acquiring an additional 5,919 shares during the quarter. Cisco Systems makes up 1.4% of Strategic Planning Group LLC's holdings, making the stock its 22nd largest holding. Strategic Planning Group LLC's holdings in Cisco Systems were worth $8,318,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems during the first quarter valued at $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the first quarter valued at $31,000. Fairway Wealth LLC boosted its position in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Accent Capital Management LLC acquired a new stake in Cisco Systems during the first quarter valued at $36,000. Finally, Investment Management Corp VA ADV lifted its position in shares of Cisco Systems by 145.3% in the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after buying an additional 353 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Cisco Systems
In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
CSCO has been the topic of several research reports. HSBC restated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Barclays increased their price target on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Rosenblatt Securities restated a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Wells Fargo & Company increased their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.53.
Get Our Latest Analysis on Cisco Systems
Cisco Systems Trading Down 0.7%
NASDAQ:CSCO traded down $0.46 during trading hours on Monday, hitting $67.75. 20,383,682 shares of the company were exchanged, compared to its average volume of 17,512,462. The stock has a market capitalization 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. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a one year low of $51.89 and a one year high of $72.55. The company has a fifty day simple moving average of $68.14 and a 200 day simple moving average of $64.17.
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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company's quarterly revenue 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. Sell-side analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.
Cisco Systems Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is presently 62.60%.
About Cisco Systems
(
Free Report)
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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