Argyle Capital Management LLC Has $5.39 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Argyle Capital Management LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 77,694 shares of the network equipment provider’s stock after selling 815 shares during the quarter. Cisco Systems comprises about 2.0% of Argyle Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Argyle Capital Management LLC’s holdings in Cisco Systems were worth $5,390,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Postrock Partners LLC boosted its holdings in Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after acquiring an additional 150 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its holdings in Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock valued at $2,871,000 after acquiring an additional 150 shares in the last quarter. Pacifica Partners Inc. boosted its holdings in shares of Cisco Systems by 0.5% during the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider’s stock valued at $2,338,000 after buying an additional 155 shares in the last quarter. Pacific Sage Partners LLC boosted its holdings in shares of Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider’s stock valued at $1,162,000 after buying an additional 156 shares in the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in shares of Cisco Systems by 0.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider’s stock valued at $1,305,000 after buying an additional 157 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Price Performance

CSCO opened at $69.96 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a market capitalization of $276.57 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.96 and a beta of 0.97. The company’s 50-day simple moving average is $68.22 and its two-hundred day simple moving average is $64.81. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55.

Cisco Systems (NASDAQ:CSCO) last posted its 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 business had revenue of $14.67 billion for the quarter, compared to analysts’ expectations of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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, analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders 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 annualized dividend and a yield of 2.3%. Cisco Systems’s dividend payout ratio is currently 62.60%.

Analyst Ratings Changes

CSCO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Wall Street Zen cut shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Rosenblatt Securities restated a “buy” rating and set a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Cisco Systems in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

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.