Weybosset Research & Management LLC Acquires New Shares in Cisco Systems, Inc. $CSCO

Key Points

• Weybosset Research & Management LLC acquired 151,359 shares of Cisco Systems, Inc., valued at approximately $10.5 million, making it the firm's 13th largest position.
• Insider selling activity at Cisco included transactions by two executive vice presidents, with over 65,000 shares sold in the last three months.
• Several analysts have updated their price targets for Cisco, with Bank of America raising it to $85.00 and Evercore ISI to $74.00, reflecting a consensus rating of "Moderate Buy."

Weybosset Research & Management LLC purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 151,359 shares of the network equipment provider's stock, valued at approximately $10,501,000. Cisco Systems accounts for 3.6% of Weybosset Research & Management LLC's holdings, making the stock its 13th largest position.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC raised its position in shares of Cisco Systems by 2.9% during the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock valued at $349,000 after buying an additional 159 shares during the last quarter. Central Valley Advisors LLC increased its holdings in shares of Cisco Systems by 2.6% during the second quarter. Central Valley Advisors LLC now owns 6,303 shares of the network equipment provider's stock worth $437,000 after buying an additional 159 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in Cisco Systems by 1.1% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 14,291 shares of the network equipment provider's stock worth $992,000 after purchasing an additional 159 shares in the last quarter. Boltwood Capital Management increased its position in Cisco Systems by 1.4% in the 2nd quarter. Boltwood Capital Management now owns 11,593 shares of the network equipment provider's stock valued at $804,000 after acquiring an additional 160 shares in the last quarter. Finally, Sapient Capital LLC raised its position in Cisco Systems by 0.6% in the 2nd quarter. Sapient Capital LLC now owns 24,957 shares of the network equipment provider's stock worth $1,732,000 after purchasing an additional 160 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CSCO shares. JPMorgan Chase & Co. increased their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Bank of America raised their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. KeyCorp started coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, CICC Research started coverage on shares of Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Buying and Selling

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the transaction, the executive vice president owned 157,184 shares in the company, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president owned 30,619 shares of the company's stock, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,439 shares of company stock valued at $4,369,104 over the last 90 days. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Down 0.7%

Shares of CSCO stock traded down $0.46 during trading hours on Monday, hitting $67.75. 20,241,683 shares of the company were exchanged, compared to its average volume of 21,169,537. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $51.89 and a fifty-two week high of $72.55. The company has a 50 day simple moving average of $68.14 and a two-hundred day simple moving average of $64.14. The firm has a market cap of $267.83 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.87 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The company 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%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently announced 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 is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio is presently 62.60%.

Cisco Systems 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.