Heartland Bank & Trust Co Increases Stake in Cisco Systems, Inc. $CSCO

Heartland Bank & Trust Co boosted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,179 shares of the network equipment provider’s stock after purchasing an additional 520 shares during the period. Heartland Bank & Trust Co’s holdings in Cisco Systems were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Financial Connections Group Inc. increased its position in shares of Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the period. Pandora Wealth Inc. purchased a new position in shares of Cisco Systems during the first quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems during the first quarter valued at about $31,000. Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems during the second quarter valued at about $32,000. Finally, Fairway Wealth LLC increased its position in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after buying an additional 400 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CSCO. Piper Sandler upped their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Evercore ISI upped their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Bank of America upped their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. William Blair raised Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Finally, Wolfe Research assumed coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.72.

Cisco Systems Trading Down 0.7%

NASDAQ CSCO opened at $67.46 on Tuesday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The stock has a market cap of $266.68 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.86 and a beta of 0.97. The stock’s fifty day moving average price is $68.22 and its 200-day moving average price is $64.95. 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 (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Activity

In other news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,965 shares of company stock valued at $5,559,996. Corporate insiders own 0.01% of the company’s stock.

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.