Mattern Capital Management LLC Grows Stock Position in Cisco Systems, Inc. $CSCO

Mattern Capital Management LLC increased its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,846 shares of the network equipment provider’s stock after purchasing an additional 395 shares during the period. Cisco Systems makes up 1.4% of Mattern Capital Management LLC’s portfolio, making the stock its 10th biggest position. Mattern Capital Management LLC’s holdings in Cisco Systems were worth $11,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank acquired a new stake in Cisco Systems in the 2nd quarter valued at approximately $1,311,000. Triad Wealth Partners LLC raised its position in Cisco Systems by 7.1% in the 2nd quarter. Triad Wealth Partners LLC now owns 7,849 shares of the network equipment provider’s stock valued at $545,000 after buying an additional 518 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cisco Systems by 8.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,984,602 shares of the network equipment provider’s stock valued at $207,072,000 after buying an additional 232,930 shares during the last quarter. Mechanics Financial Corp raised its position in Cisco Systems by 0.8% in the 2nd quarter. Mechanics Financial Corp now owns 22,935 shares of the network equipment provider’s stock valued at $1,591,000 after buying an additional 180 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. raised its position in Cisco Systems by 5.8% in the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 27,449 shares of the network equipment provider’s stock valued at $1,904,000 after buying an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CSCO shares. Hsbc Global Res lowered Cisco Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. JPMorgan Chase & Co. lifted their target price on Cisco Systems from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, KeyCorp started coverage on Cisco Systems in a research report on Thursday, June 26th. They set an “overweight” rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.53.

Cisco Systems Stock Down 0.6%

CSCO stock opened at $68.31 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $270.04 billion, a PE ratio of 26.07, a PEG ratio of 2.89 and a beta of 0.97. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55. The business’s 50 day simple moving average is $68.12 and its 200 day simple moving average is $64.51.

Cisco Systems (NASDAQ:CSCO) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, research analysts anticipate 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 2.4%. Cisco Systems’s payout ratio is 62.60%.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was 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 directly owned 157,184 shares in the company, valued at $10,701,086.72. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Oliver Tuszik sold 17,526 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 198,855 shares of the company’s stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last three months. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Company 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.