Spinnaker Trust Buys 1,671 Shares of Cisco Systems, Inc. $CSCO

Spinnaker Trust raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% during the second quarter, HoldingsChannel.com reports. The fund owned 73,403 shares of the network equipment provider’s stock after purchasing an additional 1,671 shares during the quarter. Spinnaker Trust’s holdings in Cisco Systems were worth $5,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Connections Group Inc. increased its holdings 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 acquiring an additional 193 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Cisco Systems in the 2nd quarter valued at $32,000. Pandora Wealth Inc. bought a new stake in Cisco Systems in the 1st quarter valued at $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems in the 1st quarter valued at $31,000. Finally, Fairway Wealth LLC increased its holdings in shares of Cisco Systems by 224.7% in the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after buying an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Wall Street Zen downgraded shares of Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Wells Fargo & Company boosted their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. William Blair upgraded shares of Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Evercore ISI boosted their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.72.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $71.33 on Thursday. The company has a market capitalization of $281.98 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.05 and a beta of 0.97. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.82. The firm’s 50-day moving average is $68.59 and its 200 day moving average is $66.05. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

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

Cisco Systems Dividend Announcement

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

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president directly owned 30,619 shares of the company’s stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction dated 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 directly owned 158,009 shares of the company’s stock, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last 90 days. Corporate insiders own 0.01% of the company’s stock.

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.