Marest Capital LLC acquired a new position in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,486 shares of the network equipment provider’s stock, valued at approximately $381,000. Cisco Systems accounts for approximately 0.3% of Marest Capital LLC’s investment portfolio, making the stock its 14th largest position.
A number of other institutional investors have also made changes to their positions in the business. Holistic Financial Partners bought a new position in shares of Cisco Systems in the second quarter worth about $272,000. Fullcircle Wealth LLC increased its stake in shares of Cisco Systems by 5.4% in the second quarter. Fullcircle Wealth LLC now owns 7,405 shares of the network equipment provider’s stock worth $507,000 after purchasing an additional 379 shares during the period. Freestone Capital Holdings LLC increased its stake in shares of Cisco Systems by 2.5% in the second quarter. Freestone Capital Holdings LLC now owns 120,179 shares of the network equipment provider’s stock worth $8,338,000 after purchasing an additional 2,945 shares during the period. Wellington Shields Capital Management LLC increased its stake in shares of Cisco Systems by 123.7% in the second quarter. Wellington Shields Capital Management LLC now owns 5,427 shares of the network equipment provider’s stock worth $377,000 after purchasing an additional 3,001 shares during the period. Finally, Seelaus Asset Management LLC increased its stake in shares of Cisco Systems by 8.4% in the second quarter. Seelaus Asset Management LLC now owns 13,354 shares of the network equipment provider’s stock worth $927,000 after purchasing an additional 1,040 shares during the period. 73.33% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the transaction, the executive vice president owned 161,467 shares in the company, valued at approximately $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction that occurred 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 of the company’s stock, valued at $42,576,570. This trade represents a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 in the last ninety days. 0.01% of the stock is owned by corporate insiders.
Cisco Systems Stock Up 1.8%
Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business 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. Equities analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.
Cisco Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s payout ratio is 62.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CSCO shares. HSBC reissued a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research report on Friday, August 15th. Wells Fargo & Company lifted their target price on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. William Blair raised Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. CICC Research started coverage on Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 target price on the stock. Finally, UBS Group raised Cisco Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $74.00 to $88.00 in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $75.50.
View Our Latest Stock Report on Cisco Systems
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.
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