Cisco Systems, Inc. $CSCO Position Boosted by Alteri Wealth LLC

Alteri Wealth LLC boosted its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,698 shares of the network equipment provider’s stock after acquiring an additional 1,006 shares during the quarter. Alteri Wealth LLC’s holdings in Cisco Systems were worth $812,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new stake in Cisco Systems in the second quarter worth about $904,542,000. Goldman Sachs Group Inc. increased its stake in Cisco Systems by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider’s stock valued at $2,898,722,000 after buying an additional 12,775,066 shares during the period. Nuveen LLC bought a new stake in shares of Cisco Systems during the 1st quarter worth about $750,495,000. Pacer Advisors Inc. raised its position in shares of Cisco Systems by 1,144.2% during the 1st quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider’s stock worth $501,140,000 after buying an additional 7,468,212 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Cisco Systems by 255.9% in the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after acquiring an additional 5,622,672 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Insider Activity

In other news, SVP Maria Victoria Wong sold 3,162 shares of Cisco Systems stock in a transaction on Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the transaction, the senior vice president owned 31,468 shares in the company, valued at approximately $2,117,167.04. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $78.35, for a total value of $22,083,731.00. Following the transaction, the chief executive officer directly owned 820,887 shares in the company, valued at $64,316,496.45. The trade was a 25.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 961,950 shares of company stock worth $74,696,164. 0.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSCO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. Piper Sandler increased their price target on Cisco Systems from $70.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. William Blair raised Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Rosenblatt Securities upped their price objective on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, BNP Paribas Exane raised their target price on Cisco Systems from $76.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Cisco Systems Trading Down 0.5%

Shares of CSCO opened at $77.37 on Wednesday. The business’s 50-day moving average price is $70.29 and its 200 day moving average price is $67.83. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $304.89 billion, a P/E ratio of 29.53, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $79.50.

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

Cisco Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.41 dividend. 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 2.1%. Cisco Systems’s dividend payout ratio (DPR) is currently 61.65%.

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.