PFG Advisors Purchases 7,848 Shares of Cisco Systems, Inc. $CSCO

PFG Advisors boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 30.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 33,215 shares of the network equipment provider’s stock after purchasing an additional 7,848 shares during the quarter. PFG Advisors’ holdings in Cisco Systems were worth $2,304,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT grew its holdings in shares of Cisco Systems by 3.9% during the second quarter. Zions Bancorporation National Association UT now owns 11,775 shares of the network equipment provider’s stock valued at $817,000 after buying an additional 444 shares during the last quarter. Future Fund LLC lifted its position in Cisco Systems by 10.2% in the 2nd quarter. Future Fund LLC now owns 18,334 shares of the network equipment provider’s stock valued at $1,272,000 after acquiring an additional 1,703 shares in the last quarter. Summit Asset Management LLC boosted its stake in Cisco Systems by 3.4% during the 2nd quarter. Summit Asset Management LLC now owns 6,108 shares of the network equipment provider’s stock valued at $424,000 after purchasing an additional 200 shares during the last quarter. Midwest Trust Co bought a new stake in shares of Cisco Systems in the 2nd quarter worth $76,617,000. Finally, CSM Advisors LLC lifted its holdings in shares of Cisco Systems by 888.2% during the second quarter. CSM Advisors LLC now owns 600,531 shares of the network equipment provider’s stock valued at $41,667,000 after purchasing an additional 539,760 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 17,526 shares of the business’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 transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the sale, the executive vice president owned 161,467 shares of the company’s stock, valued at $10,792,454.28. This represents a 4.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 0.0%

NASDAQ CSCO opened at $71.07 on Monday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $74.84. 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 company has a market capitalization of $280.07 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.00 and a beta of 0.95. The stock’s 50-day moving average price is $69.19 and its 200-day moving average price is $66.94.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm posted $0.87 EPS. The firm’s quarterly revenue 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, equities research analysts predict 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 was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems’s payout ratio is 62.60%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CSCO. Wells Fargo & Company boosted their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Piper Sandler lifted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price target on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Barclays upped their price objective on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $75.50.

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.