Triton Financial Group Inc Takes $2.62 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• Triton Financial Group Inc acquired a new stake in Cisco Systems, Inc. worth approximately $2.62 million by purchasing 37,686 shares, making it the 13th largest position in their portfolio.
• Multiple hedge funds have adjusted their stakes in Cisco Systems, with notable increases including a 89.4% raise by Financial Connections Group Inc and a new position purchased by Pandora Wealth Inc. and Nova Wealth Management Inc., both valued at approximately $31,000.
• In the second quarter, Cisco reported a 7.6% year-over-year revenue increase with earnings per share of $0.99, surpassing analysts' estimates, and announced a quarterly dividend of $0.41 per share.

Triton Financial Group Inc purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,686 shares of the network equipment provider's stock, valued at approximately $2,615,000. Cisco Systems comprises about 1.9% of Triton Financial Group Inc's portfolio, making the stock its 13th largest position.

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

Insider Activity

In related 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 transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of analyst reports. HSBC reissued a "hold" rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Morgan Stanley lifted their price target on shares of Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Barclays lifted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One 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 stock. Based on data from MarketBeat.com, Cisco Systems currently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Stock Up 0.7%

Shares of NASDAQ CSCO opened at $70.65 on Tuesday. The stock has a market capitalization of $279.29 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.95 and a beta of 0.97. The company has a 50-day moving average price of $68.20 and a 200-day moving average price of $65.31. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. 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, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 3rd. 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.

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