Wescott Financial Advisory Group LLC raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 11.5% in the 1st quarter, Holdings Channel reports. The firm owned 4,528 shares of the network equipment provider’s stock after acquiring an additional 468 shares during the period. Wescott Financial Advisory Group LLC’s holdings in Cisco Systems were worth $279,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in CSCO. Navigoe LLC bought a new position in shares of Cisco Systems during the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Cisco Systems in the 4th quarter valued at about $26,000. JDM Financial Group LLC lifted its holdings in shares of Cisco Systems by 160.4% in the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock valued at $29,000 after acquiring an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of Cisco Systems in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CSCO. Evercore ISI increased their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a report on Thursday, August 14th. New Street Research reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Cisco Systems in a report on Friday, May 16th. Morgan Stanley increased their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. Finally, Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. One equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.53.
Insider Activity at Cisco Systems
In related news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company’s stock, valued at $15,811,173. This trade represents a 3.68% 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 Cisco Systems stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,118 shares of company stock valued at $8,847,167 over the last quarter. 0.01% of the stock is owned by insiders.
Cisco Systems Stock Performance
Shares of NASDAQ:CSCO opened at $67.02 on Friday. The firm has a market cap of $265.40 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The firm’s 50 day simple moving average is $68.13 and its 200-day simple moving average is $63.51. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $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, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.
Cisco Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is presently 62.60%.
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.
Featured Stories
- Five stocks we like better than Cisco Systems
- Business Services Stocks Investing
- Intel’s New Buyers Mean Good News for Taiwan Semiconductor Stock
- How to Profit From Growth Investing
- Shopify’s Risk-Reward Profile Is Suddenly Red Hot
- There Are Different Types of Stock To Invest In
- 3 Robotics Stocks at the Heart of the Robotics Revolution
Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO – Free Report).
Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.