Ritholtz Wealth Management Has $6.68 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Ritholtz Wealth Management raised its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 23.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 97,653 shares of the network equipment provider’s stock after acquiring an additional 18,333 shares during the quarter. Ritholtz Wealth Management’s holdings in Cisco Systems were worth $6,681,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CSCO. Bare Financial Services Inc lifted its holdings in Cisco Systems by 531.0% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the network equipment provider’s stock worth $25,000 after buying an additional 308 shares during the period. Marquette Asset Management LLC acquired a new position in shares of Cisco Systems in the third quarter worth approximately $25,000. Financial Connections Group Inc. increased its position in Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Cisco Systems in the 2nd quarter worth approximately $28,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of Cisco Systems by 96.2% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 408 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $75.19 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $76.58 and a two-hundred day simple moving average of $71.53. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.82. The firm has a market capitalization of $297.10 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data 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 net margin of 18.38% and a return on equity of 27.29%. The firm had revenue of $14.88 billion during the quarter, compared to analysts’ expectations of $14.77 billion. During the same period last year, the company earned $0.91 earnings per share. The business’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 and its Q2 2026 guidance at 1.010-1.030 EPS. Analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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 of this dividend is Friday, January 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. Cisco Systems’s dividend payout ratio is 61.65%.

Analysts Set New Price Targets

CSCO has been the topic of several recent analyst reports. Argus boosted their target price on shares of Cisco Systems from $80.00 to $100.00 in a report on Thursday, November 13th. Evercore ISI upped their target price on Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, November 13th. Citigroup increased their price target on Cisco Systems from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. UBS Group lifted their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Melius Research increased their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.23.

Insider Buying and Selling

In related news, CEO Charles Robbins sold 281,860 shares of the company’s 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 completion of the sale, the chief executive officer owned 820,887 shares in the company, valued at approximately $64,316,496.45. This represents a 25.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the sale, the executive vice president directly owned 196,738 shares of the company’s stock, valued at $15,316,053.30. The trade was a 45.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,044,865 shares of company stock valued at $81,397,635. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.