Equitable Trust Co. Has $4.28 Million Stock Position in Cisco Systems, Inc. $CSCO

Equitable Trust Co. lifted its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,639 shares of the network equipment provider’s stock after acquiring an additional 954 shares during the quarter. Equitable Trust Co.’s holdings in Cisco Systems were worth $4,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CSCO. Frazier Financial Advisors LLC grew its stake in shares of Cisco Systems by 55.4% in the second quarter. Frazier Financial Advisors LLC now owns 965 shares of the network equipment provider’s stock valued at $67,000 after buying an additional 344 shares in the last quarter. Founders Grove Wealth Partners LLC grew its stake in shares of Cisco Systems by 2.6% in the second quarter. Founders Grove Wealth Partners LLC now owns 6,487 shares of the network equipment provider’s stock valued at $450,000 after buying an additional 166 shares in the last quarter. Morningstar Investment Management LLC grew its stake in shares of Cisco Systems by 1.2% in the second quarter. Morningstar Investment Management LLC now owns 22,409 shares of the network equipment provider’s stock valued at $1,555,000 after buying an additional 267 shares in the last quarter. Baker Boyer National Bank bought a new position in shares of Cisco Systems in the second quarter valued at $218,000. Finally, RFG Advisory LLC boosted its position in Cisco Systems by 18.1% during the second quarter. RFG Advisory LLC now owns 101,558 shares of the network equipment provider’s stock worth $7,046,000 after purchasing an additional 15,547 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CSCO. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $73.00 in a research report on Monday, June 16th. UBS Group upped their target price on Cisco Systems from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Piper Sandler upped their target price on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Finally, Barclays boosted their target price on shares of Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus price target of $74.72.

Insider Transactions at Cisco Systems

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

Cisco Systems Stock Down 0.7%

NASDAQ CSCO opened at $67.46 on Tuesday. The business has a fifty day moving average price of $68.22 and a two-hundred day moving average price of $64.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The stock has a market capitalization of $266.68 billion, a PE ratio of 25.75, a PEG ratio of 2.86 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion during 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 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

About Cisco Systems

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.