BankPlus Trust Department Buys 2,036 Shares of Cisco Systems, Inc. $CSCO

BankPlus Trust Department grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,890 shares of the network equipment provider’s stock after acquiring an additional 2,036 shares during the quarter. Cisco Systems accounts for 1.0% of BankPlus Trust Department’s portfolio, making the stock its 15th biggest holding. BankPlus Trust Department’s holdings in Cisco Systems were worth $3,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. SGL Investment Advisors Inc. boosted its holdings in Cisco Systems by 37.4% in the second quarter. SGL Investment Advisors Inc. now owns 6,287 shares of the network equipment provider’s stock worth $431,000 after acquiring an additional 1,710 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its holdings in Cisco Systems by 2.5% in the second quarter. Independent Solutions Wealth Management LLC now owns 84,049 shares of the network equipment provider’s stock worth $5,825,000 after acquiring an additional 2,054 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of Cisco Systems by 53.3% during the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares in the last quarter. TriaGen Wealth Management LLC boosted its position in shares of Cisco Systems by 6.8% during the second quarter. TriaGen Wealth Management LLC now owns 6,672 shares of the network equipment provider’s stock valued at $463,000 after buying an additional 423 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its holdings in Cisco Systems by 8.6% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 34,826 shares of the network equipment provider’s stock worth $2,416,000 after buying an additional 2,746 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a report on Thursday, August 14th. Barclays raised their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company raised their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Stock Performance

Shares of CSCO opened at $68.99 on Wednesday. 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 business has a 50-day simple moving average of $68.14 and a two-hundred day simple moving average of $64.71. The stock has a market cap of $272.73 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.90 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly 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 during 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date 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 is presently 62.60%.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the company’s stock in a transaction dated 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 directly owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This trade represents a 3.68% 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 valued at $5,559,996. 0.01% of the stock is owned by corporate 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.