Synergy Asset Management LLC Has $6.20 Million Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Synergy Asset Management LLC increased its stake in Cisco Systems by 5.0%, owning 89,368 shares valued at $6.2 million, which makes up approximately 0.7% of its total holdings.
• Cisco reported $14.67 billion in revenue for the quarter, surpassing estimates, with earnings per share of $0.99, slightly above the consensus of $0.98.
• The company plans to pay a quarterly dividend of $0.41 per share on October 22nd, representing a yield of 2.4% based on an annualized payout of $1.64.

Synergy Asset Management LLC boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,368 shares of the network equipment provider's stock after buying an additional 4,295 shares during the period. Cisco Systems makes up about 0.7% of Synergy Asset Management LLC's holdings, making the stock its 29th biggest position. Synergy Asset Management LLC's holdings in Cisco Systems were worth $6,200,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after purchasing an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares in the last quarter. Apella Capital LLC grew its stake in Cisco Systems by 22.2% in the first quarter. Apella Capital LLC now owns 14,603 shares of the network equipment provider's stock valued at $849,000 after purchasing an additional 2,651 shares in the last quarter. Nixon Peabody Trust Co. grew its stake in Cisco Systems by 12.0% in the first quarter. Nixon Peabody Trust Co. now owns 4,600 shares of the network equipment provider's stock valued at $284,000 after purchasing an additional 492 shares in the last quarter. Finally, Johnson & White Wealth Management LLC grew its stake in Cisco Systems by 2.0% in the first quarter. Johnson & White Wealth Management LLC now owns 13,914 shares of the network equipment provider's stock valued at $859,000 after purchasing an additional 278 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $68.31 on Friday. The business has a 50 day moving average price of $68.12 and a 200 day moving average price of $64.51. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company has a market cap of $270.04 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 2.89 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share 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 firm 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 company earned $0.87 EPS. The firm's revenue for the quarter 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. Research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend payout ratio is 62.60%.

Analysts Set New Price Targets

A number of brokerages have commented on CSCO. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. JPMorgan Chase & Co. boosted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Finally, Wolfe Research began coverage on Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. One equities research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 198,855 shares of the company's stock, valued at $13,512,197.25. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's 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 $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by company insiders.

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.

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