Valmark Advisers Inc. increases holdings in Cisco Systems, Inc. (NASDAQ:CSCO)

Valmark Advisers Inc. increased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,863 shares of the network equipment provider’s stock after purchasing an additional 1,820 shares during the quarter. Holdings of Valmark Advisers Inc. in Cisco Systems were worth $1,941,000 as of its most recent SEC filing.

Other large investors have recently bought and sold shares of the company. Ritholtz Wealth Management raised its stake in Cisco Systems by 19.5% in the second quarter. Ritholtz Wealth Management now owns 66,180 shares of the network equipment provider’s stock valued at $3,144,000 after purchasing an additional 10,820 shares during the last quarter. Auxano Advisors LLC raised its stake in shares of Cisco Systems by 4.6% in the second quarter. Auxano Advisors LLC now owns 22,089 shares of the network equipment provider’s stock worth $1,049,000 after acquiring an additional 975 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in shares of Cisco Systems by 2.0% in the second quarter. Waldron Private Wealth LLC now owns 133,337 shares of the network equipment provider’s stock worth $6,335,000 after acquiring an additional 2,633 shares in the last quarter. Summit Financial LLC boosted its stake in shares of Cisco Systems by 38.1% during the 2nd quarter. Summit Financial LLC now owns 52,028 shares of the network equipment provider’s stock worth $2,472,000 after acquiring an additional 14,345 shares in the last quarter. Finally, Berry Wealth Group LP boosted its holdings in shares of Cisco Systems by 1.4% during the second quarter. Berry Wealth Group LP now owns 54,305 shares of the network equipment provider’s stock worth $2,580,000 after acquiring an additional 746 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s shares.

The Wall Street analyst weighs in

Several research analysts recently weighed in on CSCO shares. JPMorgan Chase & Co. boosted their price objective on shares of Cisco Systems from $53.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Despite investors’ hopes for a rebound in demand for networking equipment to boost Cisco’s performance in the fourth quarter of 2024, anticipation is tempered by limited signs of a significant recovery in demand. Piper Sandler restated a “neutral” rating and issued a $52.00 target price on shares of Cisco Systems in a report on Thursday, August 15th. New Street Research raised shares of Cisco Systems from a “neutral” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday, August 15th. HSBC raised shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $58.00 in a research report on Friday, August 16th . Finally, Barclays cut their price target on shares of Cisco Systems from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 15th . One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.89, according to MarketBeat.

Read the latest stock analysis on CSCO

Cisco Systems Price Performance

NASDAQ CSCO opened at $50.54 on Monday. The company has a 50-day simple moving average of $47.62 and a 200-day simple moving average of $47.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.91, and a quick ratio of 0.83. The firm has a market cap of $203.62 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 3.98 and a beta of 0.85. Cisco Systems, Inc. it has a 52-week low of $44.50 and a 52-week high of $58.19.

Cisco Systems (NASDAQ:CSCO – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 14th. The networking equipment provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.53 billion. Cisco Systems had a net margin of 19.18% and a return on equity of 27.83%. The company’s revenue was down 10.3% compared to the same quarter last year. In the same period last year, the firm earned $1.01 per share. Equities research analysts predict that Cisco Systems, Inc. will post 2.9 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.40 per share. This represents an annualized dividend of $1.60 and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, October 2. Cisco Systems’ payout ratio is currently 53.87%.

Indoor activity

In other news, SVP Maria Victoria Wong sold 3,379 shares of Cisco Systems stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the transaction, the senior vice president now owns 47,182 shares of the company’s stock, valued at $2,376,085.52. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, SVP Maria Victoria Wong sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $50.36, for a total value of $170,166.44. Following the sale, the senior vice president now owns 47,182 shares in the company, valued at $2,376,085.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 8,270 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $50.33, for a total transaction of $416,229.10. Following the completion of the sale, the executive vice president now owns 135,544 shares in the company, valued at approximately $6,821,929.52. The disclosure for this sale can be found here. Insiders have sold a total of 71,944 shares of company stock worth $3,566,120 in the last 90 days. 0.02% of shares are currently held by company insiders.

Cisco Systems Company Profile

(Free report)

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol-based networks and other products related to the communications and information technology industries in the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China. The company also offers a switching portfolio that includes campus switching as well as data center switching; the enterprise routing portfolio interconnects public and private mobile and mobile networks, providing highly secure and reliable connectivity to campus, data center and branch office networks; wireless products include access points and wireless controllers; and the compute portfolio, including Cisco Unified Computing System, hyperflex, and software management capabilities, which combine the management and virtualization of compute, networking, and storage infrastructure.

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