Financial Connections Group Inc. Purchases 193 Shares of Cisco Systems, Inc. $CSCO

Financial Connections Group Inc. grew its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 89.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409 shares of the network equipment provider’s stock after buying an additional 193 shares during the quarter. Financial Connections Group Inc.’s holdings in Cisco Systems were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CSCO. Kingstone Capital Partners Texas LLC bought a new position in shares of Cisco Systems during the 2nd quarter valued at $904,542,000. Goldman Sachs Group Inc. raised its holdings in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares during the period. Nuveen LLC bought a new position in Cisco Systems in the 1st quarter worth $750,495,000. Pacer Advisors Inc. raised its holdings in Cisco Systems by 1,144.2% in the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock worth $501,140,000 after purchasing an additional 7,468,212 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the period. 73.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the topic of a number of recent research reports. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 target price on the stock. Morgan Stanley raised their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company raised their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They issued an “outperform” rating and a $78.00 target price on the stock. Finally, Piper Sandler raised their target price on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $74.89.

Cisco Systems Trading Down 2.9%

Shares of CSCO stock opened at $67.94 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. 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 firm has a market capitalization of $268.58 billion, a PE ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97. The stock has a fifty day simple moving average of $68.24 and a two-hundred day simple moving average of $64.86.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.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 prior year, the business posted $0.87 EPS. Cisco Systems’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. On average, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given 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 (DPR) is presently 62.60%.

Insider Activity

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 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.