Folger Nolan Fleming Douglas Capital Management Inc. Sells 3,395 Shares of Cisco Systems, Inc. $CSCO

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 115,431 shares of the network equipment provider’s stock after selling 3,395 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Cisco Systems were worth $8,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Shipley& Co Ltd purchased a new position in Cisco Systems during the second quarter worth $32,000. Pandora Wealth Inc. purchased a new position in Cisco Systems during the first quarter worth $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter worth $31,000. Fairway Wealth LLC lifted its position in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Cisco Systems during the first quarter worth $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSCO. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Morgan Stanley lifted their target price on Cisco Systems from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday. Wolfe Research began coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a “peer perform” rating for the company. Finally, CICC Research began coverage on Cisco Systems in a research report on Monday, July 14th. They set an “outperform” rating and a $78.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.89.

Cisco Systems Stock Performance

CSCO stock opened at $67.94 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The business has a 50-day moving average price of $68.24 and a 200 day moving average price of $64.86. The company has a market capitalization of $268.58 billion, a P/E ratio of 25.93, a PEG ratio of 2.94 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55.

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, beating the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s payout ratio is currently 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction 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 $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock valued at $5,559,996 in the last three months. 0.01% of the stock is currently owned by insiders.

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.