Wealthedge Investment Advisors LLC Buys Shares of 3,276 Cisco Systems, Inc. $CSCO

Wealthedge Investment Advisors LLC purchased a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,276 shares of the network equipment provider’s stock, valued at approximately $227,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Cisco Systems by 1.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock valued at $29,163,000 after acquiring an additional 4,525 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of Cisco Systems by 2.7% during the second quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock valued at $1,152,000 after purchasing an additional 436 shares during the period. Shell Asset Management Co. raised its stake in shares of Cisco Systems by 53.3% in the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock valued at $5,358,000 after purchasing an additional 26,840 shares in the last quarter. Guinness Asset Management LTD lifted its position in Cisco Systems by 15.9% in the second quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock worth $304,451,000 after purchasing an additional 603,131 shares during the period. Finally, Tobam boosted its stake in Cisco Systems by 223.4% during the second quarter. Tobam now owns 2,642 shares of the network equipment provider’s stock worth $183,000 after buying an additional 1,825 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CSCO shares. HSBC increased their price objective on shares of Cisco Systems from $69.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, November 14th. Wall Street Zen cut shares of Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Rosenblatt Securities upped their price objective on Cisco Systems from $87.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. KeyCorp raised their target price on Cisco Systems from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Finally, Barclays boosted their price target on Cisco Systems from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.14.

Insider Buying and Selling

In other Cisco Systems 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 transaction, the chief executive officer owned 820,887 shares of the company’s stock, valued at approximately $64,316,496.45. This represents a 25.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction 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 completion of the sale, the executive vice president directly owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,024,627 shares of company stock valued at $79,621,482. Insiders own 0.01% of the company’s stock.

Cisco Systems Trading Up 1.3%

CSCO stock opened at $77.08 on Monday. The business has a fifty day moving average price of $71.70 and a 200 day moving average price of $68.74. 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 fifty-two week low of $52.11 and a fifty-two week high of $80.06. The stock has a market capitalization of $304.53 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings data on Wednesday, November 12th. The network equipment provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same quarter in the previous year, the firm 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. Q2 2026 guidance at 1.010-1.030 EPS. Analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is presently 61.65%.

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.