Waterfront Wealth Inc. Has $1.78 Million Holdings in Cisco Systems, Inc. $CSCO

Waterfront Wealth Inc. lessened its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,719 shares of the network equipment provider’s stock after selling 779 shares during the quarter. Waterfront Wealth Inc.’s holdings in Cisco Systems were worth $1,784,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% in 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 during the period. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems during the second quarter worth about $32,000. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC boosted 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 buying an additional 400 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $72.62 on Wednesday. The stock has a 50 day moving average price of $68.51 and a 200 day moving average price of $65.95. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.68. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a market capitalization of $287.08 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97.

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

Cisco Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were paid a $0.41 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.3%. Cisco Systems’s dividend payout ratio is currently 62.60%.

Analyst Ratings Changes

Several research firms have recently weighed in on CSCO. JPMorgan Chase & Co. upped their price objective on Cisco Systems from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cisco Systems in a research report on Wednesday, October 8th. Wall Street Zen cut Cisco Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. HSBC reaffirmed a “hold” rating and set a $69.00 price objective on shares of Cisco Systems in a research report on Friday, August 15th. Finally, Hsbc Global Res cut Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $74.72.

Insider Transactions at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president owned 158,009 shares in the company, valued at $10,551,841.02. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. Company insiders own 0.01% of the company’s stock.

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.