15,298 Cisco Systems, Inc. $CSCO Shares Sold by Kelleher Financial Advisors

Key Points

• Kelleher Financial Advisors cut its Cisco stake by 47%, selling 15,298 shares in the third quarter; it retained 17,282 shares valued at about $1.86 million.
• Cisco beat quarterly expectations, reporting $1.22 in EPS versus $1.17 expected and revenue of $17.25 billion, up 17.6% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $128.52. Company insiders sold 44,869 shares worth about $5.0 million over the prior three months.

Kelleher Financial Advisors lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 47.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,282 shares of the network equipment provider's stock after selling 15,298 shares during the quarter. Cisco Systems makes up approximately 0.5% of Kelleher Financial Advisors' investment portfolio, making the stock its 28th largest position. Kelleher Financial Advisors' holdings in Cisco Systems were worth $1,860,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CSCO. Cozad Asset Management Inc. lifted its stake in Cisco Systems by 0.3% in the 1st quarter. Cozad Asset Management Inc. now owns 26,203 shares of the network equipment provider's stock valued at $2,033,000 after purchasing an additional 87 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Cisco Systems by 3.9% during the second quarter. Dogwood Wealth Management LLC now owns 2,413 shares of the network equipment provider's stock worth $283,000 after buying an additional 90 shares in the last quarter. Green Ridge Wealth Planning LLC lifted its stake in shares of Cisco Systems by 1.5% in the 3rd quarter. Green Ridge Wealth Planning LLC now owns 6,017 shares of the network equipment provider's stock valued at $648,000 after acquiring an additional 90 shares during the last quarter. August Group Capital Ltd lifted its stake in shares of Cisco Systems by 2.0% in the 2nd quarter. August Group Capital Ltd now owns 4,723 shares of the network equipment provider's stock valued at $555,000 after acquiring an additional 91 shares during the last quarter. Finally, Financial Insights Inc. boosted its holdings in shares of Cisco Systems by 1.5% during the 1st quarter. Financial Insights Inc. now owns 6,220 shares of the network equipment provider's stock valued at $483,000 after acquiring an additional 92 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Cisco Systems in a research report on Tuesday, September 1st. They set a "buy" rating and a $135.00 price objective on the stock. HSBC downgraded Cisco Systems from a "buy" rating to a "hold" rating and dropped their target price for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Morgan Stanley lifted their price target on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. UBS Group upped their price objective on Cisco Systems from $132.00 to $138.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, KeyCorp raised their price objective on shares of Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.52.

Insider Buying and Selling

In other news, insider Jeetendra Patel sold 7,170 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $111.57, for a total value of $799,956.90. Following the transaction, the insider directly owned 230,593 shares of the company's stock, valued at $25,727,261.01. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total value of $723,495.11. Following the sale, the executive vice president owned 167,116 shares in the company, valued at approximately $18,638,447.48. The trade was a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,869 shares of company stock worth $5,005,620 over the last three months. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $103.61 on Thursday. The business's 50 day simple moving average is $109.52 and its 200 day simple moving average is $101.42. Cisco Systems, Inc. has a one year low of $70.54 and a one year high of $130.37. The stock has a market capitalization of $408.49 billion, a PE ratio of 31.02, a PEG ratio of 2.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.79.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $17.25 billion during the quarter, compared to analyst estimates of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company's revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. As a group, research analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.6%. Cisco Systems's dividend payout ratio (DPR) is 50.30%.

About Cisco Systems

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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