Tudor Financial Inc. Acquires 12,789 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Tudor Financial increased its Cisco stake by 457.9% in the second quarter, buying 12,789 additional shares for a total holding of 15,582 shares valued at approximately $1.83 million. Institutional investors and hedge funds collectively own 73.33% of Cisco.
• Cisco reported quarterly EPS of $1.22 and revenue of $17.25 billion, exceeding analyst estimates, while revenue grew 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.5% yield.
• Analyst sentiment remains favorable, with Cisco carrying a consensus “Moderate Buy” rating and an average price target of $129.68. However, insiders sold 53,611 shares worth about $6.07 million during the latest quarter.

Tudor Financial Inc. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 457.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,582 shares of the network equipment provider's stock after purchasing an additional 12,789 shares during the period. Tudor Financial Inc.'s holdings in Cisco Systems were worth $1,830,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CSCO. MidAtlantic Capital Management Inc. acquired a new position in Cisco Systems in the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Cisco Systems in the 4th quarter valued at about $25,000. Networth Advisors LLC increased its stake in shares of Cisco Systems by 276.4% in the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider's stock valued at $26,000 after acquiring an additional 246 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $27,000. Finally, Manning & Napier Advisors LLC boosted its stake in Cisco Systems by 137.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider's stock worth $27,000 after acquiring an additional 200 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 2,760 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the completion of the transaction, the executive vice president directly owned 165,276 shares of the company's stock, valued at $18,586,938.96. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of Cisco Systems stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president directly owned 167,116 shares in the company, valued at approximately $18,638,447.48. This represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 53,611 shares of company stock valued at $6,066,680. Corporate insiders own 0.01% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Truist Financial boosted their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 13th. BNP Paribas Exane upped their price objective on shares of Cisco Systems from $87.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft began coverage on Cisco Systems in a research note on Tuesday. They set a "buy" rating and a $135.00 price objective on the stock. Finally, Piper Sandler boosted their target price on Cisco Systems from $86.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and a consensus target price of $129.68.

Cisco Systems Stock Performance

Shares of CSCO opened at $108.61 on Friday. The firm has a market cap of $428.08 billion, a P/E ratio of 32.52, a PEG ratio of 2.28 and a beta of 1.00. Cisco Systems, Inc. has a twelve month low of $66.13 and a twelve month high of $130.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The firm's 50 day moving average price is $114.35 and its two-hundred day moving average price is $102.15.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, analysts forecast that Cisco Systems, Inc. will post 4.43 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 21st. Stockholders of record on Friday, October 2nd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, October 2nd. Cisco Systems's payout ratio is 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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