Fulton Bank N.A. Has $8.86 Million Position in Cisco Systems, Inc. $CSCO

Fulton Bank N.A. trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,235 shares of the network equipment provider’s stock after selling 6,585 shares during the period. Fulton Bank N.A.’s holdings in Cisco Systems were worth $8,863,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Argent Advisors Inc. increased its position in shares of Cisco Systems by 0.5% in the first quarter. Argent Advisors Inc. now owns 40,351 shares of the network equipment provider’s stock valued at $3,131,000 after acquiring an additional 210 shares during the last quarter. Secured Retirement Advisors LLC lifted its stake in Cisco Systems by 50.5% in the 1st quarter. Secured Retirement Advisors LLC now owns 32,387 shares of the network equipment provider’s stock valued at $2,513,000 after purchasing an additional 10,871 shares during the last quarter. Vertrix Wealth Management LLC bought a new position in shares of Cisco Systems during the 1st quarter worth approximately $2,982,000. Whelan Financial increased its holdings in shares of Cisco Systems by 13.2% during the 1st quarter. Whelan Financial now owns 4,686 shares of the network equipment provider’s stock worth $364,000 after acquiring an additional 546 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA raised its stake in Cisco Systems by 11.9% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 26,240 shares of the network equipment provider’s stock valued at $2,036,000 after acquiring an additional 2,794 shares during the period. Institutional investors own 73.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Cisco Systems from $90.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, May 14th. KeyCorp upped their price objective on shares of Cisco Systems from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Truist Financial initiated coverage on shares of Cisco Systems in a research note on Tuesday, March 31st. They set a “buy” rating and a $94.00 target price for the company. Citic Securities lifted their target price on shares of Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Finally, BNP Paribas Exane upped their price target on shares of Cisco Systems from $87.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.14.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $117.01 on Thursday. 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 firm has a market cap of $461.19 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 2.99 and a beta of 1.02. The stock’s fifty day moving average price is $111.67 and its two-hundred day moving average price is $90.33. Cisco Systems, Inc. has a one year low of $65.75 and a one year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Cisco Systems had a return on equity of 28.44% and a net margin of 20.14%.The company had revenue of $15.84 billion during the quarter, compared to the consensus estimate of $15.56 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. 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 analysts forecast that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Monday, July 6th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.68 dividend on an annualized basis and a yield of 1.4%. Cisco Systems’s payout ratio is currently 54.55%.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,127 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $119.91, for a total transaction of $854,598.57. Following the transaction, the executive vice president owned 140,857 shares in the company, valued at $16,890,162.87. This represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,761 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $114.61, for a total transaction of $316,438.21. Following the transaction, the executive vice president directly owned 180,877 shares in the company, valued at $20,730,312.97. This represents a 1.50% 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 90 days, insiders have sold 47,650 shares of company stock worth $5,668,823. Insiders own 0.01% of the company’s stock.

Cisco Systems Profile

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.