Harrell Investment Partners LLC Takes $340,000 Position in Cisco Systems, Inc. $CSCO

Harrell Investment Partners LLC acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,894 shares of the network equipment provider’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pandora Wealth Inc. purchased a new position in Cisco Systems during the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the 1st quarter worth approximately $31,000. Fairway Wealth LLC grew its position in Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Accent Capital Management LLC purchased a new position in Cisco Systems during the 1st quarter worth approximately $36,000. Finally, Investment Management Corp VA ADV grew its position in Cisco Systems by 145.3% during the 1st quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CSCO. Barclays lifted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. CICC Research began 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. JPMorgan Chase & Co. lifted their target price 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. Piper Sandler lifted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Finally, Bank of America lifted their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.53.

Cisco Systems Stock Down 0.3%

CSCO stock opened at $67.32 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The company has a fifty day simple moving average of $68.15 and a 200 day simple moving average of $64.21. The firm has a market cap of $266.13 billion, a PE ratio of 25.69, a PEG ratio of 2.84 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction 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 $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company’s stock.

Cisco Systems Company 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.