Nilsine Partners LLC Increases Stock Holdings in Cisco Systems, Inc. $CSCO

Nilsine Partners LLC lifted its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 42.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,161 shares of the network equipment provider’s stock after acquiring an additional 24,778 shares during the quarter. Nilsine Partners LLC’s holdings in Cisco Systems were worth $9,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Saudi Central Bank grew its position in shares of Cisco Systems by 89.6% during the second quarter. Saudi Central Bank now owns 276,493 shares of the network equipment provider’s stock worth $32,477,000 after buying an additional 130,654 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in Cisco Systems by 9.2% in the second quarter. Angeles Wealth Management LLC now owns 32,235 shares of the network equipment provider’s stock valued at $3,786,000 after acquiring an additional 2,715 shares in the last quarter. Unique Wealth LLC lifted its stake in Cisco Systems by 9.6% in the second quarter. Unique Wealth LLC now owns 3,114 shares of the network equipment provider’s stock worth $366,000 after acquiring an additional 274 shares during the last quarter. Noble Wealth Partners LLC purchased a new position in Cisco Systems in the second quarter worth approximately $561,000. Finally, Advisory Solutions Group LLC acquired a new position in Cisco Systems during the 2nd quarter worth approximately $878,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jeetendra Patel sold 7,170 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the sale, the insider owned 230,593 shares in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer directly owned 602,710 shares in the company, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 53,611 shares of company stock valued at $6,066,680. Insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSCO. Zacks Research lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. HSBC downgraded Cisco Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $137.00 to $120.00 in a report on Friday, August 14th. New Street Research increased their price target on shares of Cisco Systems from $82.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group raised their price objective on shares of Cisco Systems from $116.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company upped their target price on shares of Cisco Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.68.

Cisco Systems Price Performance

Shares of NASDAQ CSCO opened at $109.20 on Friday. The stock has a fifty day moving average price of $114.26 and a 200 day moving average price of $102.20. Cisco Systems, Inc. has a 1-year low of $66.13 and a 1-year high of $130.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79. The company has a market cap of $430.41 billion, a PE ratio of 32.69, a P/E/G ratio of 2.28 and a beta of 1.00.

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, topping analysts’ consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. 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. Sell-side analysts forecast that Cisco Systems, Inc. will post 4.43 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, October 2nd. Cisco Systems’s dividend payout ratio is currently 50.30%.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.