USA Financial Formulas Buys 2,314 Shares of Cisco Systems, Inc. $CSCO

USA Financial Formulas raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,834 shares of the network equipment provider’s stock after acquiring an additional 2,314 shares during the quarter. Cisco Systems accounts for 0.5% of USA Financial Formulas’ holdings, making the stock its 20th largest position. USA Financial Formulas’ holdings in Cisco Systems were worth $3,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pandora Wealth Inc. bought a new stake in Cisco Systems in the first quarter valued at about $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems in the first quarter valued at about $31,000. Brown Shipley& Co Ltd bought a new stake in Cisco Systems in the second quarter valued at about $32,000. Fairway Wealth LLC increased its stake in Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Finally, Accent Capital Management LLC bought a new stake in Cisco Systems in the first quarter valued at about $36,000. Institutional investors own 73.33% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% 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 over the last three months. 0.01% of the stock is owned by insiders.

Cisco Systems Price Performance

Shares of CSCO stock opened at $68.75 on Thursday. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The firm’s 50 day moving average is $68.12 and its 200-day moving average is $64.46. The firm has a market capitalization of $271.78 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.88 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Cisco Systems’s quarterly revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Morgan Stanley upped their target price on shares of Cisco Systems from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. KeyCorp assumed coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They issued an “overweight” rating and a $77.00 target price on the stock. Evercore ISI upped their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research note on Thursday, August 14th. Finally, Barclays upped their price objective on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.53.

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.