Wesbanco Bank Inc. Buys 5,690 Shares of Cisco Systems, Inc. $CSCO

Wesbanco Bank Inc. raised its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 1.6% in the second quarter, Holdings Channel reports. The firm owned 363,185 shares of the network equipment provider’s stock after acquiring an additional 5,690 shares during the quarter. Cisco Systems comprises approximately 0.7% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 25th biggest position. Wesbanco Bank Inc.’s holdings in Cisco Systems were worth $25,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Enterprise Bank & Trust Co grew its stake in Cisco Systems by 8.6% in the second quarter. Enterprise Bank & Trust Co now owns 10,447 shares of the network equipment provider’s stock valued at $725,000 after purchasing an additional 827 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in Cisco Systems by 4.6% in the second quarter. Zevenbergen Capital Investments LLC now owns 15,545 shares of the network equipment provider’s stock valued at $1,079,000 after purchasing an additional 690 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in Cisco Systems in the second quarter valued at approximately $216,000. Greenfield Savings Bank grew its stake in Cisco Systems by 2.2% in the second quarter. Greenfield Savings Bank now owns 34,490 shares of the network equipment provider’s stock valued at $2,393,000 after purchasing an additional 749 shares in the last quarter. Finally, Bangor Savings Bank grew its stake in Cisco Systems by 2.3% in the second quarter. Bangor Savings Bank now owns 36,211 shares of the network equipment provider’s stock valued at $2,512,000 after purchasing an additional 831 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CSCO shares. Wells Fargo & Company raised their price target on Cisco Systems from $75.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Rosenblatt Securities reiterated a “buy” rating and set a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. HSBC reiterated a “hold” rating and set a $69.00 target price on shares of Cisco Systems in a research note on Friday, August 15th. Finally, Barclays lifted their target price on Cisco Systems from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.53.

Cisco Systems Stock Performance

CSCO opened at $66.53 on Friday. The business has a fifty day simple moving average of $68.24 and a 200 day simple moving average of $64.00. The company has a market capitalization of $263.01 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. Cisco Systems, Inc. has a 1 year low of $49.67 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 released its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 27.06% and a net margin of 18.45%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. 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 expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.5%. Cisco Systems’s payout ratio is 62.60%.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the completion of the sale, the executive vice president directly owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company’s stock, valued at $10,701,086.72. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,099 shares of company stock worth $5,851,765 over the last three months. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Profile

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.