Park Place Capital Corp Trims Stake in Cisco Systems, Inc. $CSCO

Park Place Capital Corp reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 3.5% in the second quarter, Holdings Channel reports. The institutional investor owned 7,655 shares of the network equipment provider’s stock after selling 276 shares during the period. Park Place Capital Corp’s holdings in Cisco Systems were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth $31,000. Fairway Wealth LLC increased its stake in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Accent Capital Management LLC purchased a new stake in shares of Cisco Systems in the first quarter worth $36,000. Finally, Investment Management Corp VA ADV increased its stake in shares of Cisco Systems by 145.3% in the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider’s stock worth $37,000 after purchasing an additional 353 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price objective for the company. Bank of America increased their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report 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 company. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $67.72 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm has a fifty day moving average price of $68.11 and a 200 day moving average price of $64.41. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The firm has a market cap of $267.71 billion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 2.83 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the business earned $0.87 earnings per share. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

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.