Corundum Group Inc. Acquires 170 Shares of Cisco Systems, Inc. $CSCO

Corundum Group Inc. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,638 shares of the network equipment provider’s stock after buying an additional 170 shares during the quarter. Corundum Group Inc.’s holdings in Cisco Systems were worth $1,362,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSCO. Pandora Wealth Inc. bought a new stake in Cisco Systems during the first quarter valued at approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems during the first quarter valued at approximately $31,000. Brown Shipley& Co Ltd purchased a new position in Cisco Systems during the second quarter valued at approximately $32,000. Fairway Wealth LLC lifted its holdings in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in Cisco Systems during the first quarter valued at approximately $36,000. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Price Performance

Cisco Systems stock opened at $67.92 on Friday. The company has a market cap of $268.50 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.87 and a beta of 0.97. The firm’s fifty day moving average is $68.10 and its 200 day moving average is $64.57. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. Cisco Systems’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. 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 declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems’s dividend payout ratio is presently 62.60%.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 1,744 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $66.78, for a total transaction of $116,464.32. Following the transaction, the executive vice president owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the transaction, the executive vice president owned 157,184 shares in the company, valued at $10,701,086.72. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 over the last quarter. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several analyst reports. Hsbc Global Res downgraded shares of Cisco Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. KeyCorp initiated coverage on shares of Cisco Systems in a report on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target on the stock. HSBC reaffirmed a “hold” rating and set a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. Bank of America lifted their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.53.

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.