ARQ Wealth Advisors LLC Has $5.95 Million Holdings in Cisco Systems, Inc. $CSCO

ARQ Wealth Advisors LLC lifted its position in Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 2,381.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,655 shares of the network equipment provider’s stock after acquiring an additional 73,566 shares during the quarter. Cisco Systems makes up about 1.1% of ARQ Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. ARQ Wealth Advisors LLC’s holdings in Cisco Systems were worth $5,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC grew its stake in Cisco Systems by 87.3% during the 1st quarter. Diversify Wealth Management LLC now owns 180,750 shares of the network equipment provider’s stock valued at $14,024,000 after acquiring an additional 84,269 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Cisco Systems by 0.9% during the first quarter. Valmark Advisers Inc. now owns 42,746 shares of the network equipment provider’s stock worth $3,317,000 after purchasing an additional 392 shares during the period. Pittenger & Anderson Inc. grew its position in Cisco Systems by 7.0% during the first quarter. Pittenger & Anderson Inc. now owns 252,098 shares of the network equipment provider’s stock valued at $19,560,000 after purchasing an additional 16,585 shares in the last quarter. Gables Capital Management Inc. grew its position in Cisco Systems by 339.2% during the first quarter. Gables Capital Management Inc. now owns 5,710 shares of the network equipment provider’s stock valued at $443,000 after purchasing an additional 4,410 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Cisco Systems by 0.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 920,379 shares of the network equipment provider’s stock valued at $71,412,000 after buying an additional 3,744 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Cisco Systems

Here are the key news stories impacting Cisco Systems this week:

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. CICC Research lifted their target price on shares of Cisco Systems from $96.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. The Goldman Sachs Group increased their price objective on Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. HSBC raised Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $137.00 in a research report on Friday, May 15th. Truist Financial assumed coverage on Cisco Systems in a research report on Tuesday, March 31st. They issued a “buy” rating and a $94.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on Cisco Systems from $95.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.14.

Read Our Latest Report on CSCO

Cisco Systems Stock Up 2.5%

Shares of NASDAQ:CSCO traded up $3.00 on Friday, reaching $121.31. The company had a trading volume of 26,175,468 shares, compared to its average volume of 23,114,244. The stock has a market capitalization of $478.14 billion, a P/E ratio of 39.39, a P/E/G ratio of 3.09 and a beta of 1.02. The stock has a 50-day moving average price of $115.32 and a 200 day moving average price of $92.08. Cisco Systems, Inc. has a twelve month low of $65.75 and a twelve month high of $130.37. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40.

Cisco Systems (NASDAQ:CSCOGet Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating 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 business had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period last year, the business earned $0.96 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. 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 expect that Cisco Systems, Inc. will post 3.54 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, July 6th. Cisco Systems’s payout ratio is presently 54.55%.

Insiders Place Their Bets

In related news, CEO Charles Robbins sold 21,400 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $120.03, for a total value of $2,568,642.00. Following the transaction, the chief executive officer directly owned 637,085 shares in the company, valued at approximately $76,469,312.55. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $117.31, for a total transaction of $772,603.66. Following the transaction, the executive vice president directly owned 177,223 shares of the company’s stock, valued at approximately $20,790,030.13. This represents a 3.58% decrease in their position. 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 47,650 shares of company stock worth $5,668,823 in the last ninety days. 0.01% of the stock is owned by insiders.

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.

See Also

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCOFree Report).

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

Receive News & Ratings for Cisco Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cisco Systems and related companies with MarketBeat.com's FREE daily email newsletter.