Total Clarity Wealth Management Inc. Sells 13,294 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Total Clarity Wealth Management Inc. significantly reduced its stake in Cisco Systems by 81.6% during Q2, selling 13,294 shares and leaving it with only 2,993 shares valued at $208,000.
• Wall Street analysts have shown optimism for Cisco's stock, with JPMorgan and UBS raising their price targets to $78.00 and $74.00 respectively, indicating a consensus rating of "Moderate Buy."
• Cisco Systems recently declared a quarterly dividend of $0.41 per share, with a yield of 2.4%, set to be paid on October 22nd.

Total Clarity Wealth Management Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 81.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,993 shares of the network equipment provider's stock after selling 13,294 shares during the period. Total Clarity Wealth Management Inc.'s holdings in Cisco Systems were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Financial Connections Group Inc. grew its holdings in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new position in shares of Cisco Systems in the first quarter worth about $31,000. Brown Shipley& Co Ltd bought a new position in shares of Cisco Systems in the second quarter worth about $32,000. Finally, Fairway Wealth LLC grew its holdings in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. CICC Research initiated coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Hsbc Global Res cut shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. Finally, UBS Group increased their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Price Performance

NASDAQ CSCO opened at $68.66 on Wednesday. The firm's fifty day simple moving average is $68.24 and its two-hundred day simple moving average is $64.98. 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 12-month low of $52.11 and a 12-month high of $72.55. The firm has a market capitalization of $271.43 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.84 and a beta of 0.97.

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, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The business'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. Analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal 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. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's payout ratio is currently 62.60%.

Insider Transactions at Cisco Systems

In related news, insider Jeetendra I. Patel sold 9,061 shares of the 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 transaction, the insider directly owned 237,405 shares of the company's stock, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on 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. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is currently owned by 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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