ARS Wealth Advisors Group LLC Grows Stake in Cisco Systems, Inc. $CSCO

ARS Wealth Advisors Group LLC grew its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 148,723 shares of the network equipment provider’s stock after purchasing an additional 1,815 shares during the period. Cisco Systems accounts for about 1.2% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 27th biggest position. ARS Wealth Advisors Group LLC’s holdings in Cisco Systems were worth $10,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its holdings in Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider’s stock worth $55,049,000 after purchasing an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider’s stock worth $389,000 after purchasing an additional 612 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider’s stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider’s stock worth $249,180,000 after purchasing an additional 904,548 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider’s stock worth $6,882,000 after purchasing an additional 2,839 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective 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. Piper Sandler boosted their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. HSBC reissued a “hold” rating and set a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Wolfe Research assumed coverage on shares of Cisco Systems in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, CICC Research assumed coverage on shares of Cisco Systems in a report on Monday, July 14th. They set an “outperform” rating and a $78.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Trading Up 1.4%

NASDAQ CSCO opened at $68.68 on Friday. The company has a market capitalization of $271.51 billion, a PE ratio of 26.21, a P/E/G ratio of 2.85 and a beta of 0.99. The company has a fifty day moving average of $68.14 and a 200 day moving average of $64.10. Cisco Systems, Inc. has a 1 year low of $51.15 and a 1 year high of $72.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during 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%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems’s dividend payout ratio is 62.60%.

Insiders Place Their Bets

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Maria Victoria Wong sold 3,162 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the completion of the transaction, the senior vice president owned 31,468 shares of the company’s stock, valued at approximately $2,117,167.04. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,439 shares of company stock valued at $4,369,104. 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.