Concurrent Investment Advisors LLC Purchases 93,890 Shares of Cisco Systems, Inc. $CSCO

Concurrent Investment Advisors LLC boosted its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 25.5% in the second quarter, Holdings Channel reports. The fund owned 462,806 shares of the network equipment provider’s stock after purchasing an additional 93,890 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Cisco Systems were worth $54,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CSCO. NEOS Investment Management LLC grew its position in Cisco Systems by 7.9% during the second quarter. NEOS Investment Management LLC now owns 2,946,899 shares of the network equipment provider’s stock valued at $346,143,000 after buying an additional 215,908 shares during the period. Power Wealth Management LLC purchased a new position in shares of Cisco Systems during the 2nd quarter worth $242,000. Alley Investment Management Company LLC grew its position in shares of Cisco Systems by 37.5% during the 2nd quarter. Alley Investment Management Company LLC now owns 152,831 shares of the network equipment provider’s stock valued at $17,952,000 after acquiring an additional 41,690 shares during the period. Montz Harcus Wealth Management LLC increased its stake in shares of Cisco Systems by 5.5% in the 2nd quarter. Montz Harcus Wealth Management LLC now owns 2,795 shares of the network equipment provider’s stock worth $328,000 after purchasing an additional 145 shares in the last quarter. Finally, Retireful LLC bought a new position in Cisco Systems in the 2nd quarter worth $1,864,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America boosted their price target on Cisco Systems from $135.00 to $150.00 and gave the company a “buy” rating in a report on Monday, June 8th. CICC Research raised their price objective on Cisco Systems from $96.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Piper Sandler boosted their price objective on Cisco Systems from $86.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup increased their price target on Cisco Systems from $90.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Citic Securities boosted their price target on Cisco Systems from $90.00 to $130.00 in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.68.

Cisco Systems Stock Down 0.8%

NASDAQ CSCO opened at $108.61 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.93 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a 52 week low of $66.13 and a 52 week high of $130.37. The firm has a market capitalization of $428.08 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.28 and a beta of 1.00. The company has a fifty day moving average of $114.35 and a two-hundred day moving average of $102.15.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. During the same quarter last year, the business earned $0.99 EPS. The business’s revenue was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, analysts predict that Cisco Systems, Inc. will post 4.43 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.5%. Cisco Systems’s dividend payout ratio is currently 50.30%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,487 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, the executive vice president owned 167,116 shares in the company, valued at $18,638,447.48. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of Cisco Systems stock in a transaction on Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the sale, the chief executive officer owned 602,710 shares of the company’s stock, valued at approximately $67,226,273.40. This trade represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 53,611 shares of company stock valued at $6,066,680. Company insiders own 0.01% of the company’s stock.

Cisco Systems Company Profile

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.