Tritonpoint Wealth LLC Buys 1,772 Shares of Cisco Systems, Inc. $CSCO

Tritonpoint Wealth LLC raised its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.2% during the second quarter, HoldingsChannel.com reports. The firm owned 20,952 shares of the network equipment provider’s stock after purchasing an additional 1,772 shares during the period. Tritonpoint Wealth LLC’s holdings in Cisco Systems were worth $1,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in Cisco Systems during the second quarter valued at approximately $904,542,000. Goldman Sachs Group Inc. boosted its stake in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after acquiring an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in Cisco Systems in the first quarter valued at approximately $750,495,000. Pacer Advisors Inc. boosted its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock valued at $501,140,000 after acquiring an additional 7,468,212 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cisco Systems by 7,096.5% in the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider’s stock valued at $414,593,000 after acquiring an additional 6,625,045 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.9%

CSCO opened at $67.22 on Friday. The stock has a market capitalization of $265.73 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.82 and a beta of 0.99. The company has a fifty day moving average of $68.12 and a two-hundred day moving average of $64.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55.

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. The business had revenue of $14.67 billion during the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

Insider Transactions at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares of the company’s stock, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.53.

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.