Burling Wealth Partners LLC Sells 1,026 Shares of Cisco Systems, Inc. $CSCO

Burling Wealth Partners LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,310 shares of the network equipment provider’s stock after selling 1,026 shares during the quarter. Burling Wealth Partners LLC’s holdings in Cisco Systems were worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Postrock Partners LLC boosted its position in shares of Cisco Systems by 4.5% during the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider’s stock valued at $241,000 after acquiring an additional 150 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its stake in Cisco Systems by 0.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider’s stock worth $2,871,000 after purchasing an additional 150 shares during the period. Lion Street Advisors LLC boosted its holdings in Cisco Systems by 0.7% during the second quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider’s stock valued at $1,436,000 after purchasing an additional 152 shares in the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in shares of Cisco Systems by 1.5% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 10,445 shares of the network equipment provider’s stock valued at $725,000 after purchasing an additional 152 shares during the period. Finally, Balboa Wealth Partners raised its holdings in shares of Cisco Systems by 1.7% in the 2nd quarter. Balboa Wealth Partners now owns 9,150 shares of the network equipment provider’s stock worth $635,000 after buying an additional 153 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

Insider Transactions at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares of the company’s stock, valued at approximately $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,089 shares of company stock worth $2,236,383. Insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cisco Systems in a research note on Thursday, October 30th. Evercore ISI boosted their target price on shares of Cisco Systems from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday. Morgan Stanley upped their target price on shares of Cisco Systems from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp lifted their price target on shares of Cisco Systems from $77.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Citigroup boosted their price target on shares of Cisco Systems from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.32.

Cisco Systems Stock Up 4.6%

Shares of NASDAQ:CSCO opened at $77.38 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The firm has a market cap of $304.93 billion, a P/E ratio of 29.53, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $79.50. The company’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $67.27.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.77 billion. During the same period in the prior year, the business earned $0.91 earnings per share. Cisco Systems’s quarterly revenue was up 7.5% on a year-over-year basis. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS. Q2 2026 guidance at 1.010-1.030 EPS. As a group, research analysts forecast 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. Stockholders of record on Friday, January 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is 62.60%.

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.