Synergy Asset Management LLC Has $6.20 Million Holdings in Cisco Systems, Inc. $CSCO

Synergy Asset Management LLC lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,368 shares of the network equipment provider’s stock after buying an additional 4,295 shares during the period. Cisco Systems comprises approximately 0.7% of Synergy Asset Management LLC’s holdings, making the stock its 29th largest holding. Synergy Asset Management LLC’s holdings in Cisco Systems were worth $6,200,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems in the 1st quarter worth approximately $31,000. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems in the 2nd quarter worth approximately $32,000. Fairway Wealth LLC raised its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after buying an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Cisco Systems in the 1st quarter worth approximately $36,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Stock Down 0.6%

NASDAQ CSCO opened at $68.31 on Friday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. 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 stock has a market capitalization of $270.04 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. The stock has a fifty day moving average of $68.12 and a 200-day moving average of $64.51.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the company earned $0.87 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. 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, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given 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 (DPR) is currently 62.60%.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of recent research reports. Bank of America increased their target price on Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. UBS Group increased their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Piper Sandler increased their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Finally, Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

Insiders Place Their Bets

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

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.