Axxcess Wealth Management LLC Purchases 607,152 Shares of Cisco Systems, Inc. $CSCO

Axxcess Wealth Management LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 449.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 742,130 shares of the network equipment provider’s stock after acquiring an additional 607,152 shares during the period. Axxcess Wealth Management LLC’s holdings in Cisco Systems were worth $57,166,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Kingdom Financial Group LLC. raised its position in Cisco Systems by 45.2% during the 4th quarter. Kingdom Financial Group LLC. now owns 9,022 shares of the network equipment provider’s stock worth $695,000 after purchasing an additional 2,809 shares during the last quarter. Pinnbrook Capital Management LP bought a new position in Cisco Systems during the 4th quarter worth $7,030,000. Plan A Wealth LLC raised its position in Cisco Systems by 3.7% during the 4th quarter. Plan A Wealth LLC now owns 6,260 shares of the network equipment provider’s stock worth $482,000 after purchasing an additional 224 shares during the last quarter. Global Retirement Partners LLC raised its position in Cisco Systems by 60.8% during the 4th quarter. Global Retirement Partners LLC now owns 138,196 shares of the network equipment provider’s stock worth $10,645,000 after purchasing an additional 52,232 shares during the last quarter. Finally, KDT Advisors LLC raised its position in Cisco Systems by 14.9% during the 4th quarter. KDT Advisors LLC now owns 8,652 shares of the network equipment provider’s stock worth $666,000 after purchasing an additional 1,119 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CSCO shares. DZ Bank raised Cisco Systems to a “strong-buy” rating in a research report on Friday, February 13th. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and raised their target price for the stock from $77.00 to $137.00 in a research report on Friday, May 15th. Barclays raised their target price on Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Morgan Stanley lifted their price objective on Cisco Systems from $91.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen lowered Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.14.

Read Our Latest Analysis on CSCO

Cisco Systems Stock Performance

Shares of CSCO opened at $118.20 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.92 and a quick ratio of 0.81. The stock has a 50-day moving average of $88.49 and a 200-day moving average of $81.25. The company has a market cap of $465.88 billion, a PE ratio of 38.38, a P/E/G ratio of 3.47 and a beta of 0.92. Cisco Systems, Inc. has a one year low of $62.30 and a one year high of $119.39.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.03 by $0.03. The company had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, equities research analysts predict that Cisco Systems, Inc. will post 3.44 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th will be paid a $0.42 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.68 annualized dividend and a dividend yield of 1.4%. Cisco Systems’s dividend payout ratio (DPR) is currently 54.55%.

Insider Buying and Selling

In other news, EVP Oliver Tuszik sold 2,761 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $114.61, for a total value of $316,438.21. Following the completion of the sale, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. This trade represents a 1.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah L. Stahlkopf sold 6,586 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the sale, the executive vice president owned 177,223 shares of the company’s stock, valued at approximately $20,790,030.13. This represents a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,103 shares of company stock worth $3,160,587 over the last 90 days. 0.01% of the stock is owned by company insiders.

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Cisco Systems Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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