Cary Street Partners Financial LLC Buys 6,753 Shares of Cisco Systems, Inc. $CSCO

Cary Street Partners Financial LLC raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,347 shares of the network equipment provider’s stock after purchasing an additional 6,753 shares during the period. Cary Street Partners Financial LLC’s holdings in Cisco Systems were worth $17,161,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC grew its position in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after purchasing an additional 2,474 shares during the period. Zions Bancorporation National Association UT bought a new stake in Cisco Systems during the 1st quarter valued at $699,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Cisco Systems by 16.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 504,967 shares of the network equipment provider’s stock worth $31,162,000 after buying an additional 72,504 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in shares of Cisco Systems in the first quarter valued at $460,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity at Cisco Systems

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the sale, the executive vice president directly owned 196,738 shares in the company, valued at approximately $15,316,053.30. This trade represents a 45.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,024,627 shares of company stock worth $79,621,482 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Rosenblatt Securities boosted their target price on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. CICC Research increased their price objective on Cisco Systems from $78.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, November 14th. Wells Fargo & Company lifted their target price on Cisco Systems from $83.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Argus upped their price target on Cisco Systems from $80.00 to $100.00 in a report on Thursday, November 13th. Finally, Melius Research raised their price objective on Cisco Systems from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Stock Up 0.3%

CSCO opened at $77.97 on Friday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $80.06. The company’s 50-day moving average price is $72.68 and its two-hundred day moving average price is $69.17. The stock has a market cap of $308.07 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.96 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.46.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly 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 18.38% and a return on equity of 27.29%. The company had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. During the same quarter last year, the business posted $0.91 EPS. Cisco Systems’s quarterly revenue was up 7.5% compared to the same quarter last year. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. 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.