Milestone Asset Management LLC Invests $924,000 in Cisco Systems, Inc. $CSCO

Milestone Asset Management LLC bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO) during the 2nd quarter, Holdings Channel reports. The firm bought 13,323 shares of the network equipment provider’s stock, valued at approximately $924,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. NewSquare Capital LLC boosted its position in Cisco Systems by 4.2% in the second quarter. NewSquare Capital LLC now owns 113,057 shares of the network equipment provider’s stock valued at $7,756,000 after buying an additional 4,607 shares in the last quarter. Elyxium Wealth LLC grew its position in shares of Cisco Systems by 7.7% during the 2nd quarter. Elyxium Wealth LLC now owns 8,007 shares of the network equipment provider’s stock worth $555,000 after buying an additional 575 shares during the period. Marest Capital LLC acquired a new position in shares of Cisco Systems during the second quarter valued at about $381,000. Holistic Financial Partners acquired a new stake in shares of Cisco Systems in the 2nd quarter valued at about $272,000. Finally, Fullcircle Wealth LLC raised its stake in Cisco Systems by 5.4% during the 2nd quarter. Fullcircle Wealth LLC now owns 7,405 shares of the network equipment provider’s stock worth $507,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were 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 approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSCO. Weiss Ratings reissued a “buy (b)” rating on shares of Cisco Systems in a research report on Thursday, October 30th. Morgan Stanley boosted their price objective on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Piper Sandler raised their target price on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company increased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Cisco Systems Stock Up 1.8%

CSCO stock opened at $74.45 on Tuesday. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $74.84. The firm has a market capitalization of $293.39 billion, a PE ratio of 28.42, a PEG ratio of 3.00 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $68.97 and a two-hundred day simple moving average of $66.48.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. 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, equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.2%. Cisco Systems’s dividend payout ratio is presently 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.