Centric Wealth Management Boosts Holdings in Cisco Systems, Inc. $CSCO

Centric Wealth Management boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 23.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 8,698 shares of the network equipment provider’s stock after purchasing an additional 1,634 shares during the quarter. Centric Wealth Management’s holdings in Cisco Systems were worth $624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Providence Wealth Advisors LLC lifted its stake in Cisco Systems by 5.5% in the 2nd quarter. Providence Wealth Advisors LLC now owns 24,097 shares of the network equipment provider’s stock worth $1,676,000 after purchasing an additional 1,261 shares in the last quarter. Shakespeare Wealth Management LLC purchased a new stake in shares of Cisco Systems in the second quarter worth about $215,000. Vestor Capital LLC boosted its stake in Cisco Systems by 924.3% during the second quarter. Vestor Capital LLC now owns 87,669 shares of the network equipment provider’s stock valued at $6,061,000 after buying an additional 79,110 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in Cisco Systems by 12.8% during the second quarter. Enterprise Financial Services Corp now owns 17,288 shares of the network equipment provider’s stock valued at $1,199,000 after buying an additional 1,967 shares during the last quarter. Finally, Nemes Rush Group LLC grew its holdings in Cisco Systems by 9.1% during the 2nd quarter. Nemes Rush Group LLC now owns 268,522 shares of the network equipment provider’s stock valued at $18,630,000 after buying an additional 22,369 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $76.10 on Friday. 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 12 month low of $52.11 and a 12 month high of $80.06. The company has a market capitalization of $300.68 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 3.00 and a beta of 0.95. The firm’s 50-day moving average is $70.84 and its 200 day moving average is $68.13.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $14.88 billion during the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. Research analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be paid a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.

Insider Buying and Selling at Cisco Systems

In other news, EVP Oliver Tuszik sold 5,425 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $76.56, for a total transaction of $415,338.00. Following the completion of the sale, the executive vice president directly owned 210,408 shares of the company’s stock, valued at approximately $16,108,836.48. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $77.85, for a total transaction of $12,812,864.40. Following the completion of the transaction, the executive vice president directly owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,017,988 shares of company stock valued at $79,085,621. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. KeyCorp boosted their price target on shares of Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. BNP Paribas Exane upped their price target on shares of Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. William Blair raised shares of Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Finally, Barclays boosted their target price on shares of Cisco Systems from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $84.14.

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.