BCS Private Wealth Management Inc. Acquires New Position in Cisco Systems, Inc. $CSCO

BCS Private Wealth Management Inc. bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,791 shares of the network equipment provider’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Cisco Systems by 1.3% during the second quarter. Vanguard Group Inc. now owns 393,989,568 shares of the network equipment provider’s stock valued at $27,334,996,000 after purchasing an additional 5,039,714 shares during the last quarter. State Street Corp raised its stake in shares of Cisco Systems by 0.6% during the 2nd quarter. State Street Corp now owns 194,695,250 shares of the network equipment provider’s stock worth $13,507,956,000 after purchasing an additional 1,067,872 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cisco Systems by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 99,252,395 shares of the network equipment provider’s stock valued at $6,864,058,000 after buying an additional 1,157,704 shares during the last quarter. Norges Bank bought a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $3,816,825,000. Finally, Invesco Ltd. increased its holdings in Cisco Systems by 3.0% in the second quarter. Invesco Ltd. now owns 48,531,251 shares of the network equipment provider’s stock worth $3,367,098,000 after buying an additional 1,414,105 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Cisco Systems Stock Up 0.8%

CSCO stock opened at $79.51 on Wednesday. The stock has a market capitalization of $314.15 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.87. The company has a 50-day moving average of $73.12 and a two-hundred day moving average of $69.44. 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 0.46, a current ratio of 0.93 and a quick ratio of 0.83.

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, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.The business had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a $0.41 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.

Insider Buying and Selling at Cisco Systems

In other news, insider Jeetendra I. Patel sold 163,896 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $77.86, for a total transaction of $12,760,942.56. Following the transaction, the insider owned 281,108 shares in the company, valued at approximately $21,887,068.88. The trade was a 36.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Robbins sold 281,860 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $78.35, for a total transaction of $22,083,731.00. Following the completion of the sale, the chief executive officer owned 820,887 shares of the company’s stock, valued at approximately $64,316,496.45. The trade was a 25.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,024,627 shares of company stock valued at $79,621,482 in the last three months. 0.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CSCO has been the subject of a number of analyst reports. Rosenblatt Securities lifted their target price on shares of Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Evercore ISI lifted their price objective on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, November 13th. Wells Fargo & Company increased their target price on shares of Cisco Systems from $83.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. 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 report on Thursday, November 13th. Finally, UBS Group upped their price target on Cisco Systems from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

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.