Royal Harbor Partners LLC Purchases Shares of 3,050 Cisco Systems, Inc. $CSCO

Royal Harbor Partners LLC bought a new position in Cisco Systems, Inc. (NASDAQ:CSCO) during the second quarter, Holdings Channel reports. The firm bought 3,050 shares of the network equipment provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSCO. ABN Amro Investment Solutions bought a new position in shares of Cisco Systems in the 2nd quarter valued at about $16,422,000. Cherokee Insurance Co purchased a new stake in shares of Cisco Systems in the second quarter worth approximately $631,000. Candriam S.C.A. grew its position in Cisco Systems by 19.7% in the 2nd quarter. Candriam S.C.A. now owns 1,280,687 shares of the network equipment provider’s stock valued at $88,858,000 after acquiring an additional 210,899 shares during the last quarter. Hudock Inc. lifted its position in shares of Cisco Systems by 0.8% during the second quarter. Hudock Inc. now owns 26,943 shares of the network equipment provider’s stock worth $1,869,000 after purchasing an additional 224 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Cisco Systems by 3.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 604,559 shares of the network equipment provider’s stock worth $41,944,000 after purchasing an additional 22,936 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

Insider Activity

In other Cisco Systems news, EVP Oliver Tuszik sold 17,526 shares of the firm’s 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 transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the sale, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Trading Up 3.1%

NASDAQ:CSCO opened at $73.96 on Thursday. The stock has a market capitalization of $291.46 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $74.84. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $69.46 and a 200 day moving average of $67.20.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. Cisco Systems’s payout ratio is presently 62.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CSCO. Piper Sandler boosted their price target on Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Erste Group Bank upgraded Cisco Systems from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group upgraded Cisco Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $74.00 to $88.00 in a report on Monday, November 3rd. Melius Research increased their target price on shares of Cisco Systems from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Evercore ISI upped their price target on shares of Cisco Systems from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.11.

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.