Amalgamated Bank Has $54.96 Million Stock Position in Cisco Systems, Inc. $CSCO

Amalgamated Bank increased its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 792,082 shares of the network equipment provider’s stock after buying an additional 4,897 shares during the quarter. Cisco Systems comprises approximately 0.4% of Amalgamated Bank’s portfolio, making the stock its 29th largest holding. Amalgamated Bank’s holdings in Cisco Systems were worth $54,955,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Field & Main Bank boosted its holdings in shares of Cisco Systems by 8.0% during the second quarter. Field & Main Bank now owns 25,252 shares of the network equipment provider’s stock worth $1,752,000 after purchasing an additional 1,875 shares during the period. Spinnaker Trust boosted its holdings in shares of Cisco Systems by 2.3% during the second quarter. Spinnaker Trust now owns 73,403 shares of the network equipment provider’s stock worth $5,093,000 after purchasing an additional 1,671 shares during the period. Savvy Advisors Inc. boosted its holdings in shares of Cisco Systems by 17.8% during the second quarter. Savvy Advisors Inc. now owns 34,454 shares of the network equipment provider’s stock worth $2,390,000 after purchasing an additional 5,194 shares during the period. Live Oak Private Wealth LLC raised its position in Cisco Systems by 1.4% during the second quarter. Live Oak Private Wealth LLC now owns 144,556 shares of the network equipment provider’s stock valued at $10,029,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Grant Street Asset Management Inc. bought a new position in Cisco Systems during the second quarter valued at approximately $212,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CSCO. Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. Bank of America raised their price objective on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Hsbc Global Res lowered shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, CICC Research initiated coverage on shares of Cisco Systems in a research report on Monday, July 14th. They issued an “outperform” rating and a $78.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.72.

Cisco Systems Trading Down 1.8%

NASDAQ:CSCO opened at $71.33 on Thursday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.82. The firm has a market cap of $281.98 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 3.05 and a beta of 0.97. 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’s 50 day moving average is $68.59 and its 200-day moving average is $66.05.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) 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 business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Cisco Systems’s revenue was up 7.6% compared to the same quarter last year. 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 anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems’s payout ratio is 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% 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 three months. 0.01% of the stock is owned by insiders.

About Cisco Systems

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.