Praxis Investment Management Inc. Increases Stock Position in Cisco Systems, Inc. $CSCO

Praxis Investment Management Inc. raised its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCOFree Report) by 6.3% in the 1st quarter, Holdings Channel reports. The firm owned 104,223 shares of the network equipment provider’s stock after acquiring an additional 6,183 shares during the period. Praxis Investment Management Inc.’s holdings in Cisco Systems were worth $8,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Intesa Sanpaolo Wealth Management bought a new position in Cisco Systems during the fourth quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new stake in Cisco Systems in the 4th quarter worth approximately $25,000. Networth Advisors LLC raised its holdings in shares of Cisco Systems by 276.4% during the 1st quarter. Networth Advisors LLC now owns 335 shares of the network equipment provider’s stock worth $26,000 after acquiring an additional 246 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Cisco Systems during the 1st quarter worth approximately $27,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Cisco Systems during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Insider Buying and Selling

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 6,586 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $117.31, for a total value of $772,603.66. Following the completion of the sale, the executive vice president owned 177,223 shares of the company’s stock, valued at $20,790,030.13. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,607 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $121.12, for a total value of $315,759.84. Following the transaction, the executive vice president owned 172,727 shares of the company’s stock, valued at $20,920,694.24. This trade represents a 1.49% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,650 shares of company stock worth $5,668,823 over the last three months. 0.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Cisco Systems from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Argus lifted their price objective on shares of Cisco Systems from $100.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Truist Financial started coverage on shares of Cisco Systems in a report on Tuesday, March 31st. They issued a “buy” rating and a $94.00 target price on the stock. HSBC upgraded shares of Cisco Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $77.00 to $137.00 in a research report on Friday, May 15th. Finally, Barclays lifted their price target on Cisco Systems from $76.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Cisco Systems currently has an average rating of “Moderate Buy” and an average price target of $123.14.

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Cisco Systems News Summary

Here are the key news stories impacting Cisco Systems this week:

Cisco Systems Price Performance

NASDAQ CSCO opened at $112.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 0.40. Cisco Systems, Inc. has a 52 week low of $65.75 and a 52 week high of $130.37. The firm has a market capitalization of $444.16 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.87 and a beta of 1.02. The company has a fifty day moving average of $112.59 and a two-hundred day moving average of $90.73.

Cisco Systems (NASDAQ:CSCOGet Free Report) last announced its earnings results on Wednesday, May 13th. The network equipment provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The business had revenue of $15.84 billion for the quarter, compared to the consensus estimate of $15.56 billion. Cisco Systems had a net margin of 20.14% and a return on equity of 28.44%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Cisco Systems has set its Q4 2026 guidance at 1.160-1.180 EPS and its FY 2026 guidance at 4.270-4.290 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.54 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, July 22nd. Investors of record on Monday, July 6th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 6th. Cisco Systems’s dividend payout ratio is 54.55%.

Cisco Systems Company Profile

(Free Report)

Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.

In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.

Further Reading

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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