Summitry LLC Boosts Stock Holdings in Cisco Systems, Inc. $CSCO

Summitry LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 21.1% in the second quarter, Holdings Channel.com reports. The firm owned 119,006 shares of the network equipment provider’s stock after acquiring an additional 20,731 shares during the quarter. Summitry LLC’s holdings in Cisco Systems were worth $8,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC raised its position in Cisco Systems by 2.2% in the second quarter. Tortoise Investment Management LLC now owns 8,840 shares of the network equipment provider’s stock worth $613,000 after acquiring an additional 194 shares in the last quarter. MTM Investment Management LLC grew its stake in shares of Cisco Systems by 1.9% during the 2nd quarter. MTM Investment Management LLC now owns 14,967 shares of the network equipment provider’s stock worth $1,038,000 after purchasing an additional 286 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Cisco Systems during the 2nd quarter worth $278,000. Kingsview Wealth Management LLC increased its holdings in shares of Cisco Systems by 5.7% in the 2nd quarter. Kingsview Wealth Management LLC now owns 76,268 shares of the network equipment provider’s stock valued at $5,291,000 after purchasing an additional 4,140 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Cisco Systems by 5.5% in the second quarter. Citizens Financial Group Inc. RI now owns 308,033 shares of the network equipment provider’s stock valued at $21,371,000 after purchasing an additional 16,152 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Hsbc Global Res downgraded Cisco Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Morgan Stanley boosted their target price on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group upped their target price on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays lifted their price target on Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Thursday. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of Cisco Systems stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares in the company, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president directly owned 157,184 shares of the company’s stock, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,089 shares of company stock valued at $2,236,383 in the last quarter. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $78.00 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market cap of $307.38 billion, a PE ratio of 29.77, a P/E/G ratio of 3.00 and a beta of 0.95. The firm has a 50 day simple moving average of $69.87 and a 200-day simple moving average of $67.49. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $79.50.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period in the previous year, the company earned $0.91 EPS. Cisco Systems’s revenue for the quarter was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. On average, equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is presently 61.65%.

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.