Atwood & Palmer Inc. Purchases 1,624 Shares of Cisco Systems, Inc. $CSCO

Atwood & Palmer Inc. increased its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 522,830 shares of the network equipment provider’s stock after purchasing an additional 1,624 shares during the quarter. Cisco Systems makes up about 2.3% of Atwood & Palmer Inc.’s portfolio, making the stock its 15th biggest position. Atwood & Palmer Inc.’s holdings in Cisco Systems were worth $36,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Persium Advisors LLC grew its stake in Cisco Systems by 2.8% in the second quarter. Persium Advisors LLC now owns 11,635 shares of the network equipment provider’s stock worth $807,000 after purchasing an additional 320 shares in the last quarter. Martin Capital Partners LLC lifted its holdings in Cisco Systems by 224.9% during the second quarter. Martin Capital Partners LLC now owns 120,196 shares of the network equipment provider’s stock worth $8,339,000 after buying an additional 83,206 shares during the period. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Cisco Systems by 0.5% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 200,898 shares of the network equipment provider’s stock worth $13,938,000 after buying an additional 1,082 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in Cisco Systems by 0.4% during the second quarter. Canandaigua National Bank & Trust Co. now owns 89,958 shares of the network equipment provider’s stock worth $6,241,000 after buying an additional 393 shares during the period. Finally, RMR Wealth Builders lifted its holdings in Cisco Systems by 8.8% during the second quarter. RMR Wealth Builders now owns 6,231 shares of the network equipment provider’s stock worth $432,000 after buying an additional 502 shares during the period. Institutional investors own 73.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wolfe Research assumed coverage on Cisco Systems in a report on Tuesday, July 8th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. JPMorgan Chase & Co. increased their price objective on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. William Blair upgraded Cisco Systems to a “hold” rating in a report on Thursday, August 14th. Finally, CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective for the company. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Price Performance

NASDAQ CSCO opened at $66.53 on Monday. 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 stock’s fifty day moving average price is $68.24 and its 200 day moving average price is $64.00. Cisco Systems, Inc. has a 1 year low of $49.67 and a 1 year high of $72.55. The company has a market cap of $263.01 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.80 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (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 for the quarter, compared to the consensus estimate of $14.63 billion. During the same period in the prior year, the firm earned $0.87 EPS. The firm’s 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. As a group, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the sale, the insider directly owned 237,405 shares of the company’s stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 15,678 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the sale, the chief financial officer directly owned 309,543 shares in the company, valued at $20,281,257.36. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,099 shares of company stock worth $5,851,765 over the last 90 days. Insiders own 0.01% of the company’s stock.

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.