Vertrix Wealth Management LLC Purchases Shares of 38,439 Cisco Systems, Inc. $CSCO

Key Points

• Vertrix Wealth Management initiated a new position in Cisco Systems in the first quarter, buying 38,439 shares valued at about $2.98 million.
• Wall Street sentiment remains broadly positive: several firms raised price targets, and Cisco now carries a consensus Moderate Buy rating with an average price target of $123.14.
• Cisco reported solid quarterly results, with EPS of $1.06 and revenue of $15.84 billion, both above expectations, while also announcing a quarterly dividend of $0.42 per share.

Vertrix Wealth Management LLC purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 38,439 shares of the network equipment provider's stock, valued at approximately $2,982,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CSCO. Intesa Sanpaolo Wealth Management acquired a new position in Cisco Systems in the fourth quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Cisco Systems during the 4th quarter worth approximately $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 in the last quarter. Financial Life Planners acquired a new position in shares of Cisco Systems during the 1st quarter valued at $27,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of Cisco Systems during the 4th quarter valued at $29,000. Institutional investors own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CSCO. Truist Financial started coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They issued a "buy" rating and a $94.00 price target for the company. Evercore raised their target price on Cisco Systems from $110.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, May 14th. Morgan Stanley boosted their target price on Cisco Systems from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Wells Fargo & Company upped their price target on Cisco Systems from $95.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. Finally, KeyCorp boosted their price objective on Cisco Systems from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.14.

Cisco Systems Stock Down 0.4%

CSCO stock opened at $117.01 on Thursday. Cisco Systems, Inc. has a twelve month low of $65.75 and a twelve month high of $130.37. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average is $111.67 and its 200-day moving average is $90.33. The firm has a market capitalization of $461.19 billion, a PE ratio of 37.99, a P/E/G ratio of 2.99 and a beta of 1.02.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion for the quarter, compared to analysts' expectations of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The business's revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. Sell-side analysts expect that Cisco Systems, Inc. will post 3.54 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems's dividend payout ratio is presently 54.55%.

Insiders Place Their Bets

In other news, EVP Deborah L. Stahlkopf sold 6,586 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the transaction, the executive vice president directly owned 177,223 shares of the company's stock, valued at $20,790,030.13. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,169 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $117.28, for a total value of $840,780.32. Following the sale, the insider directly owned 246,737 shares of the company's stock, valued at $28,937,315.36. The trade was a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock worth $5,668,823 in the last ninety days. 0.01% of the stock is owned by corporate insiders.

Cisco Systems 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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