Prospera Financial Services Inc Buys 7,083 Shares of Cisco Systems, Inc. $CSCO

Prospera Financial Services Inc increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,031 shares of the network equipment provider’s stock after acquiring an additional 7,083 shares during the quarter. Prospera Financial Services Inc’s holdings in Cisco Systems were worth $11,729,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Postrock Partners LLC raised its stake in Cisco Systems by 4.5% during the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock worth $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD increased its holdings in shares of Cisco Systems by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock worth $2,871,000 after acquiring an additional 150 shares in the last quarter. Lion Street Advisors LLC raised its position in shares of Cisco Systems by 0.7% during the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock worth $1,436,000 after purchasing an additional 152 shares during the period. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Cisco Systems by 1.5% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 10,445 shares of the network equipment provider’s stock valued at $725,000 after purchasing an additional 152 shares in the last quarter. Finally, Balboa Wealth Partners grew its position in shares of Cisco Systems by 1.7% in the 2nd quarter. Balboa Wealth Partners now owns 9,150 shares of the network equipment provider’s stock valued at $635,000 after purchasing an additional 153 shares during the period. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CSCO. Piper Sandler raised their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, Evercore ISI upped their price objective on Cisco Systems from $72.00 to $74.00 and gave the stock an “in-line” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.50.

Insider Buying and Selling at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Maria Victoria Wong sold 428 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares of the company’s stock, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 82,965 shares of company stock worth $5,559,996. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $71.07 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $69.19 and a 200 day simple moving average of $66.78. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $74.84. The stock has a market capitalization of $280.07 billion, a PE ratio of 27.13, a P/E/G ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the business earned $0.87 EPS. Cisco Systems’s revenue for the quarter 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, research analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

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

About Cisco Systems

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.