TrueMark Investments LLC Buys Shares of 54,318 Cisco Systems, Inc. $CSCO

Key Points

• TrueMark Investments LLC purchased 54,318 shares of Cisco Systems, Inc., valued at approximately $3.77 million, marking a significant investment during the second quarter.
• Insider transactions included EVP Oliver Tuszik selling 17,526 shares, and EVP Thimaya K. Subaiya selling 1,744 shares, indicating changes in ownership among executives.
• Cisco's stock performance shows a current price of $70.13, with a market capitalization of $277.24 billion, and a dividend yield of 2.3% after announcing a quarterly dividend of $0.41 per share.

TrueMark Investments LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,318 shares of the network equipment provider's stock, valued at approximately $3,769,000.

A number of other institutional investors also recently bought and sold shares of the company. Schubert & Co lifted its holdings in Cisco Systems by 9.4% in the second quarter. Schubert & Co now owns 4,564 shares of the network equipment provider's stock valued at $317,000 after acquiring an additional 392 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Cisco Systems in the second quarter valued at about $20,183,000. CapWealth Advisors LLC bought a new position in Cisco Systems in the second quarter valued at about $214,000. Quotient Wealth Partners LLC lifted its holdings in Cisco Systems by 11.1% in the second quarter. Quotient Wealth Partners LLC now owns 14,325 shares of the network equipment provider's stock valued at $994,000 after acquiring an additional 1,435 shares during the period. Finally, Nicholson Wealth Management Group LLC lifted its holdings in Cisco Systems by 2.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 27,335 shares of the network equipment provider's stock valued at $1,897,000 after acquiring an additional 667 shares during the period. Institutional investors own 73.33% of the company's stock.

Insider Activity

In related news, EVP Oliver Tuszik sold 17,526 shares of the firm'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 transaction of $1,190,891.70. Following the completion of the sale, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the transaction, the executive vice president directly owned 158,009 shares of the company's stock, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 in the last three months. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

NASDAQ CSCO opened at $70.13 on Friday. The stock has a market capitalization of $277.24 billion, a PE ratio of 26.77, a P/E/G ratio of 2.95 and a beta of 0.97. The business has a 50 day simple moving average of $68.20 and a two-hundred day simple moving average of $65.14. 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, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping 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 return on equity of 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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 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 of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analyst Weigh In

CSCO has been the topic of several recent research reports. KeyCorp initiated coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective on the stock. Hsbc Global Res downgraded Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday, October 8th. Barclays raised their price objective on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Piper Sandler raised their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.72.

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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