Argonautica Private Wealth Management Inc. Has $6.25 Million Stake in Cisco Systems, Inc. $CSCO

Argonautica Private Wealth Management Inc. lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 90,080 shares of the network equipment provider’s stock after selling 2,102 shares during the period. Cisco Systems makes up 2.0% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 9th largest holding. Argonautica Private Wealth Management Inc.’s holdings in Cisco Systems were worth $6,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. St. Johns Investment Management Company LLC lifted its holdings in shares of Cisco Systems by 1.0% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 17,981 shares of the network equipment provider’s stock valued at $1,248,000 after acquiring an additional 170 shares during the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of Cisco Systems by 5.8% in the 2nd quarter. Fiduciary Family Office LLC now owns 15,407 shares of the network equipment provider’s stock valued at $1,069,000 after acquiring an additional 846 shares during the last quarter. Fingerlakes Wealth Management Inc. lifted its holdings in shares of Cisco Systems by 4.0% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 4,514 shares of the network equipment provider’s stock valued at $313,000 after acquiring an additional 172 shares during the last quarter. IMG Wealth Management Inc. lifted its holdings in shares of Cisco Systems by 24.0% in the 2nd quarter. IMG Wealth Management Inc. now owns 975 shares of the network equipment provider’s stock valued at $68,000 after acquiring an additional 189 shares during the last quarter. Finally, Divergent Planning LLC bought a new position in shares of Cisco Systems in the 2nd quarter valued at about $1,576,000. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CSCO shares. Wolfe Research started coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. CICC Research started coverage on shares of Cisco Systems in a report on Monday, July 14th. They issued an “outperform” rating and a $78.00 price target for the company. HSBC reaffirmed a “hold” rating and issued a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cisco Systems in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares of the company’s stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Performance

Cisco Systems stock opened at $70.72 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55. The firm has a market capitalization of $279.57 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. The company’s 50-day moving average is $68.18 and its 200 day moving average is $65.34.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data 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 company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. Research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

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.