Trustmark Bank Trust Department Has $6.75 Million Holdings in Cisco Systems, Inc. $CSCO

Trustmark Bank Trust Department boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 12.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,262 shares of the network equipment provider’s stock after purchasing an additional 10,885 shares during the period. Trustmark Bank Trust Department’s holdings in Cisco Systems were worth $6,748,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Financial Connections Group Inc. lifted its holdings in shares of Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Cisco Systems during the 2nd quarter worth approximately $28,000. Pandora Wealth Inc. bought a new position in Cisco Systems in the first quarter valued at approximately $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems in the first quarter valued at approximately $31,000. Finally, Brown Shipley& Co Ltd bought a new stake in shares of Cisco Systems during the second quarter worth $32,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Trading Up 1.3%

NASDAQ CSCO opened at $77.08 on Friday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $80.06. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $71.70 and a 200-day moving average of $68.68. The company has a market cap of $304.53 billion, a PE ratio of 29.42, a PEG ratio of 3.00 and a beta of 0.95.

Cisco Systems (NASDAQ:CSCO) last posted its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. 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. On average, equities research analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid 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 61.65%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, CEO Charles Robbins sold 281,860 shares of the business’s stock in a transaction that occurred 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 $64,316,496.45. The trade was a 25.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 164,584 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $77.85, for a total value of $12,812,864.40. Following the completion of the sale, the executive vice president owned 196,738 shares in the company, valued at $15,316,053.30. This represents a 45.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,024,627 shares of company stock valued at $79,621,482 in the last three months. Corporate insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CSCO. UBS Group boosted their price objective on shares of Cisco Systems from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen downgraded Cisco Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Erste Group Bank raised Cisco Systems from a “hold” rating to a “buy” rating in a research report on Monday, November 10th. KeyCorp lifted their target price on Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Cisco Systems from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and a consensus target price of $84.14.

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.