Agate Pass Investment Management LLC Has $4.69 Million Position in Cisco Systems, Inc. $CSCO

Agate Pass Investment Management LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 67,596 shares of the network equipment provider’s stock after selling 399 shares during the quarter. Cisco Systems comprises 1.9% of Agate Pass Investment Management LLC’s holdings, making the stock its 13th biggest holding. Agate Pass Investment Management LLC’s holdings in Cisco Systems were worth $4,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at $31,000. Brown Shipley& Co Ltd acquired a new stake in Cisco Systems in the 2nd quarter valued at $32,000. Fairway Wealth LLC grew its position in shares of Cisco Systems by 224.7% in 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 shares of Cisco Systems in the 1st quarter valued at about $36,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $67.94 on Friday. The company has a market capitalization of $268.58 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The company has a 50-day simple moving average of $68.24 and a 200 day simple moving average of $64.86. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55.

Cisco Systems (NASDAQ:CSCO) 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 business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. 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, sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued 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 payout ratio is currently 62.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSCO. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $73.00 in a research report on Monday, June 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cisco Systems in a research report on Wednesday. Piper Sandler lifted their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. HSBC reissued a “hold” rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.89.

Insider Transactions at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the business’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 sale, the chief executive officer owned 639,000 shares of the company’s stock, valued at $42,576,570. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the sale, the executive vice president directly owned 158,009 shares of the company’s stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,965 shares of company stock worth $5,559,996. Company 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.