Cape ANN Savings Bank Boosts Position in Cisco Systems, Inc. $CSCO

Cape ANN Savings Bank raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,075 shares of the network equipment provider’s stock after buying an additional 355 shares during the quarter. Cape ANN Savings Bank’s holdings in Cisco Systems were worth $283,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its position in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after purchasing an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC grew its position in Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after buying an additional 612 shares in the last quarter. Acadian Asset Management LLC grew its position in Cisco Systems by 255.9% during the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after buying an additional 5,622,672 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after buying an additional 904,548 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its position in Cisco Systems by 1.0% during the second quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider’s stock worth $3,813,000 after buying an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CSCO shares. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Barclays upped their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. HSBC reiterated a “hold” rating and issued a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Trading Down 0.6%

Shares of CSCO opened at $67.92 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $68.10 and a two-hundred day simple moving average of $64.57. The stock has a market capitalization of $268.50 billion, a P/E ratio of 25.92, a PEG ratio of 2.87 and a beta of 0.97. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55.

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

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. 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 dividend payout ratio (DPR) is presently 62.60%.

Insider Buying and Selling

In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. This trade represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 over the last three months. Insiders own 0.01% of the company’s stock.

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.