Frank Rimerman Advisors LLC Boosts Stock Position in Cisco Systems, Inc. $CSCO

Frank Rimerman Advisors LLC lifted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 26.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,773 shares of the network equipment provider’s stock after buying an additional 20,073 shares during the period. Frank Rimerman Advisors LLC’s holdings in Cisco Systems were worth $6,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nordwand Advisors LLC boosted its stake in shares of Cisco Systems by 14,457.8% in the 2nd quarter. Nordwand Advisors LLC now owns 112,095 shares of the network equipment provider’s stock valued at $7,777,000 after purchasing an additional 111,325 shares in the last quarter. WBI Investments LLC bought a new stake in Cisco Systems in the second quarter worth $1,489,000. Mount Lucas Management LP purchased a new stake in Cisco Systems during the second quarter valued at about $1,422,000. Intrust Bank NA boosted its position in Cisco Systems by 8.0% during the second quarter. Intrust Bank NA now owns 40,759 shares of the network equipment provider’s stock valued at $2,828,000 after buying an additional 3,015 shares during the period. Finally, Poehling Capital Management INC. bought a new position in shares of Cisco Systems during the second quarter valued at about $213,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the transaction, the senior vice president owned 31,468 shares of the company’s stock, valued at approximately $2,117,167.04. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,089 shares of company stock worth $2,236,383. 0.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSCO. UBS Group increased their target price on Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 13th. William Blair raised Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. KeyCorp lifted their target price on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Citigroup upped their price target on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Evercore ISI raised their price target on shares of Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, November 13th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.05.

Cisco Systems Trading Down 0.3%

NASDAQ:CSCO opened at $77.78 on Tuesday. The company has a 50-day moving average price of $70.08 and a 200-day moving average price of $67.70. The stock has a market cap of $306.51 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 3.00 and a beta of 0.95. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $79.50.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Cisco Systems’s quarterly revenue 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. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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