Thurston Springer Miller Herd & Titak Inc. Grows Stake in Cisco Systems, Inc. $CSCO

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Cisco Systems by 16.3% during the 2nd quarter, now holding 90,693 shares valued at approximately $6.29 million.
• Cisco Systems recently reported earnings of $0.99 per share, exceeding expectations, with a revenue of $14.67 billion for the quarter, marking a 7.6% increase from the previous year.
• The company declared a quarterly dividend of $0.41, with a dividend yield of 2.5%, payable on October 22nd to investors of record on October 3rd.

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,693 shares of the network equipment provider's stock after purchasing an additional 12,683 shares during the quarter. Cisco Systems comprises about 0.8% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 15th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Cisco Systems were worth $6,292,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CSCO. Goldman Sachs Group Inc. increased its holdings in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Nuveen LLC purchased a new position in shares of Cisco Systems in the 1st quarter valued at $750,495,000. Pacer Advisors Inc. increased its holdings in shares of Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after acquiring an additional 7,468,212 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cisco Systems by 7,096.5% in the 1st quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock valued at $414,593,000 after acquiring an additional 6,625,045 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of Cisco Systems stock opened at $66.53 on Friday. 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, Inc. has a twelve month low of $49.67 and a twelve month high of $72.55. The business has a 50-day moving average price of $68.24 and a 200 day moving average price of $64.00. The firm has a market cap of $263.01 billion, a PE ratio of 25.39, a P/E/G ratio of 2.84 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly 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 analyst estimates of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Cisco Systems'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. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CSCO. Rosenblatt Securities reissued a "buy" rating and issued a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Finally, Piper Sandler boosted their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard Scott Herren sold 15,678 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the completion of the sale, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,099 shares of company stock worth $5,851,765 over the last quarter. Company insiders own 0.01% of the company's stock.

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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