3,242 Shares in Cisco Systems, Inc. $CSCO Purchased by Veery Capital LLC

Veery Capital LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,242 shares of the network equipment provider’s stock, valued at approximately $225,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cisco Systems by 0.5% during the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider’s stock worth $24,002,095,000 after purchasing an additional 1,865,648 shares during the last quarter. Invesco Ltd. increased its position in shares of Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider’s stock valued at $2,907,599,000 after buying an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock worth $2,898,722,000 after buying an additional 12,775,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Cisco Systems by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider’s stock worth $2,332,492,000 after buying an additional 1,326,354 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cisco Systems by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider’s stock worth $2,159,099,000 after buying an additional 2,637,006 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,099 shares of company stock valued at $5,851,765. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

NASDAQ:CSCO opened at $66.53 on Friday. The firm’s fifty day simple moving average is $68.24 and its 200 day simple moving average is $64.00. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a twelve month low of $49.67 and a twelve month high of $72.55. The firm has a market capitalization of $263.01 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.84 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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 firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. 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, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

Analyst Ratings Changes

CSCO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. KeyCorp assumed coverage on Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price target for the company. Morgan Stanley increased their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their price objective on Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Finally, HSBC reissued a “hold” rating and issued a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.53.

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.