Bennett Associates Wealth Management Decreases Holdings in Cisco Systems, Inc. $CSCO

Bennett Associates Wealth Management trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,403 shares of the network equipment provider’s stock after selling 278 shares during the quarter. Cisco Systems accounts for about 0.4% of Bennett Associates Wealth Management’s holdings, making the stock its 27th biggest holding. Bennett Associates Wealth Management’s holdings in Cisco Systems were worth $514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pandora Wealth Inc. purchased a new stake in Cisco Systems during the first quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems in the first quarter worth about $31,000. Brown Shipley& Co Ltd bought a new stake in shares of Cisco Systems in the 2nd quarter valued at about $32,000. Fairway Wealth LLC boosted its holdings in Cisco Systems by 224.7% during 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 period. Finally, Accent Capital Management LLC bought a new position in Cisco Systems during the 1st quarter worth approximately $36,000. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Up 1.5%

Shares of NASDAQ CSCO opened at $68.91 on Tuesday. The firm has a fifty day simple moving average of $68.12 and a two-hundred day simple moving average of $64.68. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $272.42 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

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 issued a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio is 62.60%.

Analyst Ratings Changes

Several analysts have weighed in on CSCO shares. Piper Sandler boosted their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Morgan Stanley raised their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Cisco Systems has a consensus rating of “Moderate Buy” and an average target price of $74.53.

Insider Transactions at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred on 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 sale, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by insiders.

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.