Drake & Associates LLC Takes $645,000 Position in Cisco Systems, Inc. $CSCO

Drake & Associates LLC purchased a new position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, Holdings Channel reports. The firm purchased 9,291 shares of the network equipment provider’s stock, valued at approximately $645,000.

A number of other hedge funds also recently bought and sold shares of CSCO. Postrock Partners LLC grew its stake in shares of Cisco Systems by 4.5% in the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD increased its stake in Cisco Systems by 0.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock worth $2,871,000 after acquiring an additional 150 shares during the last quarter. Pacifica Partners Inc. raised its position in Cisco Systems by 0.5% in the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider’s stock valued at $2,338,000 after purchasing an additional 155 shares during the period. Pacific Sage Partners LLC grew its holdings in shares of Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider’s stock worth $1,162,000 after purchasing an additional 156 shares during the period. Finally, Childress Capital Advisors LLC increased its position in shares of Cisco Systems by 0.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider’s stock worth $1,305,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSCO shares. Hsbc Global Res cut shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. William Blair raised shares of Cisco Systems to a “hold” rating in a research report on Thursday, August 14th. KeyCorp began coverage on shares of Cisco Systems in a report on Thursday, June 26th. They issued an “overweight” rating and a $77.00 price objective for the company. Bank of America increased their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, UBS Group upped their price objective on Cisco Systems from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.53.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $68.91 on Tuesday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. 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 company has a market cap of $272.42 billion, a P/E ratio of 26.30, a PEG ratio of 2.85 and a beta of 0.97. The firm has a fifty day moving average price of $68.12 and a 200 day moving average price of $64.68.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share 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%. Cisco Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer directly owned 639,000 shares of the company’s stock, valued at approximately $42,576,570. This represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. 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.