Venturi Wealth Management LLC Boosts Stake in Cisco Systems, Inc. $CSCO

Key Points

• Venturi Wealth Management LLC increased its stake in Cisco Systems by 11.2%, owning a total of 45,523 shares valued at approximately $3.16 million as of its latest SEC filing.
• Cisco Systems reported earnings of $0.99 per share in its most recent quarter, slightly beating the consensus estimate of $0.98, with revenue growing by 7.6% year-over-year.
• The company recently declared a $0.41 quarterly dividend, with an annualized yield of 2.4%, scheduled to be paid on October 22nd to shareholders of record on October 3rd.

Venturi Wealth Management LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,523 shares of the network equipment provider's stock after purchasing an additional 4,594 shares during the quarter. Venturi Wealth Management LLC's holdings in Cisco Systems were worth $3,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DMC Group LLC raised its position in Cisco Systems by 4.0% in the 2nd quarter. DMC Group LLC now owns 17,761 shares of the network equipment provider's stock worth $1,232,000 after purchasing an additional 684 shares during the period. BankPlus Trust Department raised its position in Cisco Systems by 4.2% in the 2nd quarter. BankPlus Trust Department now owns 50,890 shares of the network equipment provider's stock worth $3,531,000 after purchasing an additional 2,036 shares during the period. SGL Investment Advisors Inc. raised its position in Cisco Systems by 37.4% in the 2nd quarter. SGL Investment Advisors Inc. now owns 6,287 shares of the network equipment provider's stock worth $431,000 after purchasing an additional 1,710 shares during the period. Independent Solutions Wealth Management LLC raised its position in Cisco Systems by 2.5% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 84,049 shares of the network equipment provider's stock worth $5,825,000 after purchasing an additional 2,054 shares during the period. Finally, Shell Asset Management Co. raised its position in Cisco Systems by 53.3% in the 2nd quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after purchasing an additional 26,840 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Price Performance

Shares of CSCO opened at $68.99 on Wednesday. The company has a market cap of $272.73 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. 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 company has a 50 day moving average of $68.14 and a two-hundred day moving average of $64.71.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results 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 company had revenue of $14.67 billion during 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 27.06%. Cisco Systems's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm 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. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CSCO. KeyCorp began coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an "overweight" rating and a $77.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and upped their target price for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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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