Eagle Bluffs Wealth Management LLC Has $1.84 Million Position in Cisco Systems, Inc. (NASDAQ:CSCO)

Eagle Bluffs Wealth Management LLC increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,570 shares of the network equipment provider’s stock after acquiring an additional 382 shares during the period. Eagle Bluffs Wealth Management LLC’s holdings in Cisco Systems were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Arrow Financial Corp lifted its stake in Cisco Systems by 0.9% during the third quarter. Arrow Financial Corp now owns 53,926 shares of the network equipment provider’s stock worth $2,870,000 after purchasing an additional 505 shares during the last quarter. Houlihan Financial Resource Group Ltd. raised its holdings in shares of Cisco Systems by 9.7% during the 3rd quarter. Houlihan Financial Resource Group Ltd. now owns 4,922 shares of the network equipment provider’s stock worth $262,000 after buying an additional 435 shares in the last quarter. RKL Wealth Management LLC lifted its position in shares of Cisco Systems by 29.0% during the 3rd quarter. RKL Wealth Management LLC now owns 7,402 shares of the network equipment provider’s stock worth $394,000 after buying an additional 1,663 shares during the last quarter. Carr Financial Group Corp boosted its stake in Cisco Systems by 24.8% in the third quarter. Carr Financial Group Corp now owns 12,860 shares of the network equipment provider’s stock valued at $684,000 after buying an additional 2,558 shares in the last quarter. Finally, Objective Capital Management LLC bought a new position in Cisco Systems in the third quarter valued at about $225,000. 73.33% of the stock is owned by institutional investors.

Insider Transactions at Cisco Systems

In related news, SVP Maria Victoria Wong sold 638 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $49.09, for a total transaction of $31,319.42. Following the transaction, the senior vice president now owns 46,017 shares in the company, valued at $2,258,974.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Maria Victoria Wong sold 638 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $49.09, for a total value of $31,319.42. Following the completion of the sale, the senior vice president now directly owns 46,017 shares of the company’s stock, valued at $2,258,974.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deborah L. Stahlkopf sold 7,462 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.41, for a total value of $368,697.42. Following the completion of the transaction, the executive vice president now owns 165,580 shares in the company, valued at approximately $8,181,307.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,529 shares of company stock valued at $3,509,049 in the last quarter. 0.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research reports. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and increased their target price for the stock from $46.00 to $58.00 in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $53.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Despite investors’ hopes for a rebound in Networking Equipment demand to boost Cisco’s fourth-quarter 2024 performance, the anticipation is tempered by limited indications of a significant recovery in demand. Evercore ISI boosted their target price on shares of Cisco Systems from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their price target on Cisco Systems from $56.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cisco Systems in a report on Thursday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.74.

Cisco Systems Trading Down 0.0 %

NASDAQ:CSCO opened at $58.06 on Friday. Cisco Systems, Inc. has a 52 week low of $44.50 and a 52 week high of $58.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 0.91. The firm’s fifty day moving average is $53.30 and its 200-day moving average is $49.40. The firm has a market cap of $231.70 billion, a P/E ratio of 22.86, a P/E/G ratio of 4.79 and a beta of 0.83.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, August 14th. The network equipment provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Equities analysts expect that Cisco Systems, Inc. will post 2.89 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Wednesday, October 2nd. Cisco Systems’s payout ratio is 62.99%.

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.