Nemes Rush Group LLC Has $18.63 Million Stock Position in Cisco Systems, Inc. $CSCO

Nemes Rush Group LLC increased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,522 shares of the network equipment provider’s stock after acquiring an additional 22,369 shares during the period. Cisco Systems comprises about 2.0% of Nemes Rush Group LLC’s holdings, making the stock its 12th largest holding. Nemes Rush Group LLC’s holdings in Cisco Systems were worth $18,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSCO. Financial Connections Group Inc. increased its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after buying an additional 193 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of Cisco Systems during the 2nd quarter valued at $28,000. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems in the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new stake in shares of Cisco Systems during the first quarter worth $31,000. Finally, Brown Shipley& Co Ltd acquired a new stake in Cisco Systems during the second quarter valued at $32,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Activity

In related news, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $77.85, for a total value 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 approximately $15,316,053.30. This represents a 45.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 281,860 shares of Cisco Systems stock in a transaction on Monday, November 17th. The stock was sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the sale, the chief executive officer owned 820,887 shares in the company, valued at $64,316,496.45. This represents a 25.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,017,988 shares of company stock valued at $79,085,621. Corporate insiders own 0.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CSCO. Wells Fargo & Company raised their price target on Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a report on Saturday. CICC Research lifted their target price on shares of Cisco Systems from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Citigroup boosted their target price on shares of Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley raised their price target on shares of Cisco Systems from $77.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems presently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Cisco Systems Trading Up 0.9%

Shares of NASDAQ:CSCO opened at $76.10 on Friday. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $80.06. 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 cap of $300.68 billion, a P/E ratio of 29.05, a P/E/G ratio of 3.00 and a beta of 0.95. The stock’s 50-day moving average is $70.84 and its 200-day moving average is $68.13.

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

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend 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 61.65%.

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.