Maloon Powers Pitre Higgins & Dennehy LLC Buys New Stake in Cisco Systems, Inc. $CSCO

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 22,590 shares of the network equipment provider’s stock, valued at approximately $2,653,000. Cisco Systems accounts for approximately 0.9% of Maloon Powers Pitre Higgins & Dennehy LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Intesa Sanpaolo Wealth Management bought a new stake in shares of Cisco Systems in the 4th quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Cisco Systems during the 4th quarter worth approximately $25,000. Networth Advisors LLC lifted its position in shares of Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after buying an additional 246 shares during the period. Manning & Napier Advisors LLC boosted its stake in Cisco Systems by 137.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 346 shares of the network equipment provider’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in Cisco Systems in the 1st quarter valued at $27,000. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp increased their price objective on Cisco Systems from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. BNP Paribas Exane upped their target price on shares of Cisco Systems from $87.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Piper Sandler increased their target price on shares of Cisco Systems from $86.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.68.

Insider Activity

In other news, EVP Thimaya K. Subaiya sold 5,832 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total transaction of $650,093.04. Following the transaction, the executive vice president directly owned 128,382 shares in the company, valued at approximately $14,310,741.54. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.46, for a total transaction of $310,389.60. Following the sale, the executive vice president directly owned 165,276 shares in the company, valued at $18,586,938.96. This trade represents a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 53,611 shares of company stock worth $6,066,680. 0.01% of the stock is currently owned by insiders.

Cisco Systems Trading Up 0.5%

CSCO stock opened at $109.20 on Friday. The business has a fifty day moving average price of $114.26 and a 200 day moving average price of $102.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. Cisco Systems, Inc. has a fifty-two week low of $66.13 and a fifty-two week high of $130.37. The stock has a market capitalization of $430.41 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 2.26 and a beta of 1.00.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%.The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Analysts expect that Cisco Systems, Inc. will post 4.43 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Investors of record on Friday, October 2nd will be given a dividend of $0.42 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.68 annualized dividend and a yield of 1.5%. Cisco Systems’s dividend payout ratio is 50.30%.

About Cisco Systems

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.