Cornercap Investment Counsel Inc. Has $3.45 Million Stock Position in Cisco Systems, Inc. $CSCO

Cornercap Investment Counsel Inc. cut its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,739 shares of the network equipment provider’s stock after selling 1,148 shares during the quarter. Cisco Systems comprises 1.8% of Cornercap Investment Counsel Inc.’s holdings, making the stock its 3rd biggest position. Cornercap Investment Counsel Inc.’s holdings in Cisco Systems were worth $3,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Cisco Systems by 49.5% in the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider’s stock worth $4,392,000 after buying an additional 24,562 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Cisco Systems by 37.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider’s stock worth $542,000 after buying an additional 2,474 shares during the period. Trek Financial LLC boosted its position in shares of Cisco Systems by 4.6% in the first quarter. Trek Financial LLC now owns 5,438 shares of the network equipment provider’s stock worth $336,000 after buying an additional 238 shares during the period. Silverlake Wealth Management LLC boosted its position in shares of Cisco Systems by 3.7% in the first quarter. Silverlake Wealth Management LLC now owns 8,232 shares of the network equipment provider’s stock worth $508,000 after buying an additional 296 shares during the period. Finally, CORDA Investment Management LLC. boosted its position in shares of Cisco Systems by 45.5% in the first quarter. CORDA Investment Management LLC. now owns 56,184 shares of the network equipment provider’s stock worth $3,467,000 after buying an additional 17,573 shares during the period. 73.33% of the stock is owned by institutional investors.

Cisco Systems Price Performance

NASDAQ CSCO opened at $72.10 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $74.84. The stock’s 50-day moving average is $69.12 and its two-hundred day moving average is $66.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The firm has a market cap of $284.13 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the company earned $0.87 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems’s payout ratio is presently 62.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSCO. Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research report on Thursday, August 14th. Piper Sandler lifted their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Cisco Systems presently has an average rating of “Moderate Buy” and an average target price of $75.50.

Insiders Place Their Bets

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of Cisco Systems 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 $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares of the company’s stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 in the last ninety days. Company 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.