Midwest Trust Co Makes New Investment in Cisco Systems, Inc. $CSCO

Midwest Trust Co acquired a new stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,104,310 shares of the network equipment provider’s stock, valued at approximately $76,617,000. Cisco Systems comprises 1.1% of Midwest Trust Co’s investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors also recently bought and sold shares of CSCO. Financial Connections Group Inc. raised its stake in shares of Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider’s stock worth $28,000 after buying an additional 193 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Cisco Systems during the 2nd quarter valued at approximately $28,000. Pandora Wealth Inc. purchased a new stake in Cisco Systems in the 1st quarter worth approximately $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems during the 1st quarter worth approximately $31,000. Finally, Brown Shipley& Co Ltd purchased a new position in Cisco Systems during the second quarter valued at approximately $32,000. 73.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thimaya K. Subaiya sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares of the company’s stock, valued at $10,551,841.02. This represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,965 shares of company stock worth $5,559,996. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CSCO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Cisco Systems in a research report on Thursday, October 30th. Morgan Stanley lifted their target price on shares of Cisco Systems from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. William Blair upgraded Cisco Systems to a “hold” rating in a research note on Thursday, August 14th. Barclays raised their price target on Cisco Systems from $66.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, Evercore ISI boosted their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an “in-line” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.50.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $71.07 on Friday. The company has a market cap of $280.07 billion, a P/E ratio of 27.13, a P/E/G ratio of 3.00 and a beta of 0.95. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $74.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The firm’s fifty day moving average is $69.19 and its two-hundred day moving average is $66.86.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems’s dividend payout ratio (DPR) is currently 62.60%.

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.