Cisco Systems, Inc. $CSCO Holdings Increased by Tradition Wealth Management LLC

Key Points

• Tradition Wealth Management LLC increased its stake in Cisco Systems by 23.7%, purchasing an additional 5,447 shares and holding a total of 28,393 shares valued at $1,752,000 as of the last quarter.
• Cisco reported earnings of $0.99 per share, exceeding analyst expectations of $0.98, with revenues of $14.67 billion for the quarter, a 7.6% increase year-over-year.
• The company declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.5%, payable on October 22nd, to shareholders of record on October 3rd.

Tradition Wealth Management LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,393 shares of the network equipment provider's stock after acquiring an additional 5,447 shares during the period. Tradition Wealth Management LLC's holdings in Cisco Systems were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Legacy Financial Group Inc. grew its position in shares of Cisco Systems by 3.4% in the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock valued at $302,000 after purchasing an additional 169 shares during the last quarter. Capital Advantage Inc. grew its position in shares of Cisco Systems by 1.0% in the fourth quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock valued at $1,028,000 after purchasing an additional 172 shares during the last quarter. Avalon Trust Co grew its position in shares of Cisco Systems by 5.4% in the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after purchasing an additional 177 shares during the last quarter. Rossmore Private Capital grew its position in shares of Cisco Systems by 0.3% in the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock valued at $4,272,000 after purchasing an additional 181 shares during the last quarter. Finally, GSG Advisors LLC lifted its stake in shares of Cisco Systems by 4.8% during the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock valued at $234,000 after buying an additional 183 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the sale, the executive vice president directly owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,118 shares of company stock worth $8,847,167 over the last 90 days. Corporate insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CSCO shares. Wolfe Research started coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Citigroup upped their price objective on shares of Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Bank of America upped their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. New Street Research reissued a "neutral" rating and set a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. Finally, Hsbc Global Res downgraded shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO traded up $0.30 during midday trading on Friday, hitting $67.32. The company's stock had a trading volume of 16,826,733 shares, compared to its average volume of 22,457,022. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The firm's fifty day moving average price is $68.20 and its 200-day moving average price is $63.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The firm has a market cap of $266.59 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.85 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

About Cisco Systems

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.