Cisco Systems, Inc. $CSCO Stock Position Raised by Simplicity Wealth LLC

Simplicity Wealth LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,092 shares of the network equipment provider’s stock after purchasing an additional 6,266 shares during the quarter. Simplicity Wealth LLC’s holdings in Cisco Systems were worth $10,988,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC grew its position in Cisco Systems by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 63,676 shares of the network equipment provider’s stock worth $6,853,000 after acquiring an additional 812 shares during the last quarter. NTV Asset Management LLC raised its position in Cisco Systems by 10.8% in the 3rd quarter. NTV Asset Management LLC now owns 84,951 shares of the network equipment provider’s stock valued at $9,143,000 after purchasing an additional 8,255 shares during the last quarter. One Wealth Capital Management LLC raised its position in Cisco Systems by 97.5% in the 3rd quarter. One Wealth Capital Management LLC now owns 11,007 shares of the network equipment provider’s stock valued at $1,185,000 after purchasing an additional 5,434 shares during the last quarter. Mascoma Wealth Management LLC boosted its stake in Cisco Systems by 10.5% in the third quarter. Mascoma Wealth Management LLC now owns 1,398 shares of the network equipment provider’s stock worth $150,000 after purchasing an additional 133 shares in the last quarter. Finally, Lantern Wealth Advisors LLC boosted its stake in Cisco Systems by 15.0% in the third quarter. Lantern Wealth Advisors LLC now owns 4,121 shares of the network equipment provider’s stock worth $444,000 after purchasing an additional 537 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler decreased their target price on Cisco Systems from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Cisco Systems in a report on Tuesday, September 1st. They issued a “buy” rating and a $135.00 price target for the company. Truist Financial upped their price target on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Freedom Capital raised shares of Cisco Systems from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Sanford C. Bernstein initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They issued a “market perform” rating and a $110.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.52.

Insider Activity

In related news, EVP Oliver Tuszik sold 680 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $110.18, for a total transaction of $74,922.40. Following the completion of the sale, the executive vice president directly owned 163,337 shares of the company’s stock, valued at $17,996,470.66. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeetendra I. Patel sold 7,170 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.57, for a total transaction of $799,956.90. Following the sale, the insider directly owned 230,593 shares of the company’s stock, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 44,869 shares of company stock worth $5,005,620. Corporate insiders own 0.01% of the company’s stock.

Cisco Systems Stock Up 1.5%

NASDAQ CSCO opened at $106.50 on Friday. The stock has a market capitalization of $419.89 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. Cisco Systems, Inc. has a 52 week low of $70.06 and a 52 week high of $130.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.93. The stock has a fifty day moving average of $110.18 and a 200-day moving average of $109.86.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The business had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. 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, equities research analysts forecast that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems’s payout ratio is currently 50.30%.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.