Walled Lake Planning & Wealth Management LLC Sells 42,315 Shares of Cisco Systems, Inc. $CSCO

Walled Lake Planning & Wealth Management LLC reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 34.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,685 shares of the network equipment provider’s stock after selling 42,315 shares during the period. Cisco Systems comprises 1.8% of Walled Lake Planning & Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Walled Lake Planning & Wealth Management LLC’s holdings in Cisco Systems were worth $5,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CSCO. Avantax Advisory Services Inc. grew its holdings in shares of Cisco Systems by 1.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after acquiring an additional 4,525 shares during the period. Drive Wealth Management LLC boosted its position in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares in the last quarter. Shell Asset Management Co. grew its stake in Cisco Systems by 53.3% in the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after purchasing an additional 26,840 shares during the period. Guinness Asset Management LTD raised its holdings in Cisco Systems by 15.9% in the second quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock worth $304,451,000 after purchasing an additional 603,131 shares in the last quarter. Finally, Tobam lifted its position in Cisco Systems by 223.4% during the second quarter. Tobam now owns 2,642 shares of the network equipment provider’s stock valued at $183,000 after buying an additional 1,825 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSCO. BNP Paribas Exane increased their price target on shares of Cisco Systems from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. Barclays upped their price objective on shares of Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Morgan Stanley boosted their price target on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Argus raised their price objective on Cisco Systems from $80.00 to $100.00 in a research report on Thursday, November 13th. Finally, Evercore ISI boosted their target price on Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.14.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 281,860 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $78.35, for a total value of $22,083,731.00. Following the transaction, the chief executive officer owned 820,887 shares of the company’s stock, valued at approximately $64,316,496.45. This trade represents a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thimaya K. Subaiya sold 56,038 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $78.33, for a total transaction of $4,389,456.54. Following the sale, the executive vice president owned 179,780 shares of the company’s stock, valued at $14,082,167.40. This trade represents a 23.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,017,988 shares of company stock valued at $79,085,621 in the last 90 days. Insiders own 0.01% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $76.10 on Friday. 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 50 day moving average price of $70.84 and a 200-day moving average price of $68.13. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $80.06. The firm has a market capitalization of $300.68 billion, a PE ratio of 29.05, a P/E/G ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (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 company had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.77 billion. During the same quarter last year, the company posted $0.91 earnings per share. The firm’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. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio is 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.