Cisco Systems, Inc. $CSCO Shares Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust grew its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 16.9% in the second quarter, Holdings Channel.com reports. The fund owned 8,959 shares of the network equipment provider’s stock after purchasing an additional 1,295 shares during the period. Bank of Jackson Hole Trust’s holdings in Cisco Systems were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC lifted its position in shares of Cisco Systems by 6.0% during the 2nd quarter. Jennison Associates LLC now owns 3,489,029 shares of the network equipment provider’s stock valued at $242,069,000 after acquiring an additional 199,035 shares during the period. Markel Group Inc. lifted its position in shares of Cisco Systems by 2.2% during the 2nd quarter. Markel Group Inc. now owns 349,500 shares of the network equipment provider’s stock valued at $24,248,000 after acquiring an additional 7,500 shares during the period. Ferguson Shapiro LLC acquired a new stake in shares of Cisco Systems during the 2nd quarter valued at approximately $238,000. Austin Private Wealth LLC lifted its position in shares of Cisco Systems by 12.4% during the 2nd quarter. Austin Private Wealth LLC now owns 10,017 shares of the network equipment provider’s stock valued at $695,000 after acquiring an additional 1,102 shares during the period. Finally, James Investment Research Inc. lifted its position in shares of Cisco Systems by 22.7% during the 2nd quarter. James Investment Research Inc. now owns 22,627 shares of the network equipment provider’s stock valued at $1,570,000 after acquiring an additional 4,191 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cisco Systems news, 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 value of $651,547.80. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last three months. 0.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Rosenblatt Securities restated a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.72.

Cisco Systems Trading Up 1.7%

Shares of CSCO opened at $72.62 on Wednesday. The stock has a fifty day moving average of $68.51 and a two-hundred day moving average of $65.95. 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 company has a market capitalization of $287.08 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.68.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $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 forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s payout ratio is 62.60%.

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.