6,266 Cisco Systems, Inc. $CSCO Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 6.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,092 shares of the network equipment provider’s stock after purchasing an additional 6,266 shares during the period. Simplicity Wealth LLC’s holdings in Cisco Systems were worth $10,988,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Carolina Wealth Advisors LLC increased its position in Cisco Systems by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 63,676 shares of the network equipment provider’s stock worth $6,853,000 after acquiring an additional 812 shares during the period. NTV Asset Management LLC raised its stake in Cisco Systems by 10.8% during the 3rd quarter. NTV Asset Management LLC now owns 84,951 shares of the network equipment provider’s stock valued at $9,143,000 after purchasing an additional 8,255 shares during the last quarter. One Wealth Capital Management LLC raised its stake in Cisco Systems by 97.5% during the 3rd quarter. One Wealth Capital Management LLC now owns 11,007 shares of the network equipment provider’s stock valued at $1,185,000 after purchasing an additional 5,434 shares during the last quarter. Mascoma Wealth Management LLC boosted its holdings in Cisco Systems by 10.5% in the 3rd quarter. Mascoma Wealth Management LLC now owns 1,398 shares of the network equipment provider’s stock valued at $150,000 after purchasing an additional 133 shares during the period. Finally, Lantern Wealth Advisors LLC boosted its holdings in Cisco Systems by 15.0% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,121 shares of the network equipment provider’s stock valued at $444,000 after purchasing an additional 537 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Thimaya Subaiya sold 5,832 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.47, for a total value of $650,093.04. Following the completion of the transaction, the executive vice president owned 128,382 shares in the company, valued at approximately $14,310,741.54. This represents a 4.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the transaction, the chief executive officer directly owned 602,710 shares of the company’s stock, valued at $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 44,869 shares of company stock worth $5,005,620. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSCO. Wall Street Zen upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating in a research report on Sunday, October 11th. Weiss Ratings restated a “buy (b)” rating on shares of Cisco Systems in a report on Wednesday, August 26th. Barclays upped their price objective on shares of Cisco Systems from $121.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. KeyCorp increased their target price on shares of Cisco Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein began coverage on Cisco Systems in a research report on Wednesday, September 30th. They set a “market perform” rating and a $110.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.52.

Cisco Systems Stock Performance

CSCO opened at $106.50 on Friday. The stock’s 50 day simple moving average is $110.18 and its 200-day simple moving average is $109.86. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The stock has a market cap of $419.89 billion, a PE ratio of 31.89, a P/E/G ratio of 2.22 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $70.06 and a 1 year high of $130.37.

Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analysts’ expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. Cisco Systems’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a $0.42 dividend. The ex-dividend date was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. Cisco Systems’s dividend payout ratio is currently 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.