Custos Family Office LLC grew its stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 19.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,883 shares of the network equipment provider’s stock after purchasing an additional 802 shares during the period. Custos Family Office LLC’s holdings in Cisco Systems were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after purchasing an additional 24,562 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Cisco Systems by 37.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock valued at $542,000 after buying an additional 2,474 shares during the last quarter. Apella Capital LLC raised its holdings in Cisco Systems by 22.2% in the 1st quarter. Apella Capital LLC now owns 14,603 shares of the network equipment provider’s stock valued at $849,000 after buying an additional 2,651 shares during the last quarter. Nixon Peabody Trust Co. raised its holdings in Cisco Systems by 12.0% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,600 shares of the network equipment provider’s stock valued at $284,000 after buying an additional 492 shares during the last quarter. Finally, Johnson & White Wealth Management LLC raised its holdings in Cisco Systems by 2.0% in the 1st quarter. Johnson & White Wealth Management LLC now owns 13,914 shares of the network equipment provider’s stock valued at $859,000 after buying an additional 278 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares of the company’s stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 over the last ninety days. 0.01% of the stock is owned by company insiders.
Cisco Systems Stock Performance
Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings data 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 analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business 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, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.
Cisco Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Piper Sandler raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. Finally, Barclays raised their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” 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 issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.
Read Our Latest Stock Analysis on CSCO
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.
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