High Note Wealth LLC Reduces Position in Cisco Systems, Inc. $CSCO

High Note Wealth LLC lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 29,597 shares of the network equipment provider’s stock after selling 153 shares during the quarter. High Note Wealth LLC’s holdings in Cisco Systems were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS lifted its stake in shares of Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock valued at $55,049,000 after buying an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock valued at $389,000 after buying an additional 612 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after buying an additional 5,622,672 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cisco Systems by 28.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock valued at $249,180,000 after buying an additional 904,548 shares in the last quarter. Finally, Banque Pictet & Cie SA lifted its stake in shares of Cisco Systems by 1.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider’s stock valued at $3,813,000 after buying an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and lifted their target price for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Wells Fargo & Company boosted their price target 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. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an “outperform” rating and a $78.00 price target on the stock. Evercore ISI boosted their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research note on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.53.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 428 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the transaction, the senior vice president directly owned 30,619 shares in the company, valued at approximately $2,089,746.75. This represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Performance

Cisco Systems stock opened at $68.91 on Tuesday. The company’s 50-day moving average price is $68.12 and its 200-day moving average price is $64.68. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The company has a market cap of $272.42 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the previous year, the firm posted $0.87 EPS. The business’s quarterly 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 fiscal year.

Cisco Systems Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems’s payout ratio is 62.60%.

Cisco Systems 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.