WealthCare Investment Partners LLC increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 29.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,966 shares of the network equipment provider’s stock after purchasing an additional 2,490 shares during the quarter. WealthCare Investment Partners LLC’s holdings in Cisco Systems were worth $761,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CSCO. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems during the fourth quarter worth approximately $26,000. JDM Financial Group LLC lifted its holdings in shares of Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider’s stock worth $29,000 after buying an additional 300 shares during the last quarter. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems during the first quarter worth approximately $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems during the first quarter worth approximately $31,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after buying an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CSCO shares. Evercore ISI upped their target price on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Barclays upped their target price on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Wolfe Research started coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating for the company. KeyCorp started coverage on Cisco Systems in a research note on Thursday, June 26th. They issued an “overweight” rating and a $77.00 target price for the company. Finally, Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.53.
Insider Activity at Cisco Systems
In other news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,439 shares of company stock valued at $4,369,104. 0.01% of the stock is currently owned by company insiders.
Cisco Systems Stock Performance
Shares of NASDAQ:CSCO opened at $67.02 on Tuesday. The business’s fifty day moving average price is $68.20 and its two-hundred day moving average price is $64.02. Cisco Systems, Inc. has a fifty-two week low of $49.78 and a fifty-two week high of $72.55. The stock has a market capitalization of $264.94 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.
Cisco Systems (NASDAQ:CSCO – Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate 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 return on equity of 27.06% and a net margin of 18.45%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business 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 EPS for the current fiscal year.
Cisco Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders 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 dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. 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.
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