CBIZ Investment Advisory Services LLC Acquires 339 Shares of Cisco Systems, Inc. $CSCO

CBIZ Investment Advisory Services LLC grew its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 52.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 984 shares of the network equipment provider’s stock after buying an additional 339 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in Cisco Systems were worth $61,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS lifted its position in Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after buying an additional 6,501 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after buying an additional 612 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Cisco Systems by 28.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after purchasing an additional 904,548 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Cisco Systems by 2.6% in the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider’s stock valued at $6,882,000 after purchasing an additional 2,839 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock valued at $482,509,000 after purchasing an additional 5,622,672 shares during the period. 73.33% of the stock is owned by institutional investors.

Insider Activity

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 8,726 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president owned 174,669 shares in the company, valued at $11,447,806.26. This represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 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 $651,547.80. Following the transaction, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,099 shares of company stock worth $5,851,765. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CSCO shares. New Street Research reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Cisco Systems in a report on Friday, May 16th. Morgan Stanley upped their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Piper Sandler upped their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

Cisco Systems Stock Down 0.6%

Shares of CSCO opened at $67.69 on Friday. Cisco Systems, Inc. has a 52 week low of $48.86 and a 52 week high of $72.55. The firm has a market cap of $267.59 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The firm’s 50-day simple moving average is $68.30 and its 200 day simple moving average is $63.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00.

Cisco Systems (NASDAQ:CSCO) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating 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 prior year, the business earned $0.87 EPS. Cisco Systems’s quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

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.