TruWealth Advisors LLC Has $25.59 Million Position in Cisco Systems, Inc. $CSCO

Key Points

• TruWealth Advisors LLC increased its stake in Cisco Systems by 3.1%, now owning 368,811 shares valued at approximately $25.6 million, making Cisco about 1.4% of its investment portfolio.
• Cisco Systems reported $0.99 earnings per share for the last quarter, surpassing expectations, with a revenue of $14.67 billion, reflecting a 7.6% year-over-year increase.
• The company announced a quarterly dividend of $0.41 per share, representing a 2.5% yield, with the payment scheduled for October 22nd to shareholders of record on October 3rd.

TruWealth Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,811 shares of the network equipment provider's stock after buying an additional 10,951 shares during the period. Cisco Systems makes up approximately 1.4% of TruWealth Advisors LLC's portfolio, making the stock its 22nd largest position. TruWealth Advisors LLC's holdings in Cisco Systems were worth $25,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CSCO. Brighton Jones LLC grew its position in shares of Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock valued at $4,392,000 after buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Sentinus LLC raised its position in Cisco Systems by 10.8% during the fourth quarter. Sentinus LLC now owns 5,220 shares of the network equipment provider's stock worth $309,000 after acquiring an additional 508 shares during the last quarter. Second Line Capital LLC acquired a new position in Cisco Systems during the fourth quarter worth about $236,000. Finally, Thornburg Investment Management Inc. raised its position in shares of Cisco Systems by 16.3% in the fourth quarter. Thornburg Investment Management Inc. now owns 2,448,169 shares of the network equipment provider's stock valued at $144,932,000 after buying an additional 343,959 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Price Performance

Cisco Systems stock traded up $0.49 during trading hours on Monday, hitting $67.02. 16,200,069 shares of the company traded hands, compared to its average volume of 21,060,037. The firm has a market cap of $264.94 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.80 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $68.24 and its two-hundred day simple moving average is $64.00. Cisco Systems, Inc. has a 1-year low of $49.78 and a 1-year high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS 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 analysts' expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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 paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. UBS Group boosted their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, Bank of America boosted their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.53.

Insider Buying and Selling

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer directly owned 309,543 shares in the company, valued at $20,281,257.36. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm'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 transaction of $651,547.80. Following the sale, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,843 shares of company stock worth $5,968,229. 0.01% of the stock is owned by insiders.

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.