16,889 Cisco Systems, Inc. $CSCO Shares Sold by Hourglass Capital LLC

Key Points

• Hourglass Capital reduced its Cisco stake by 13.8%, selling 16,889 shares in the third quarter and retaining 105,571 shares worth approximately $11.36 million. Institutional investors collectively own 73.33% of Cisco.
• Cisco reported a quarterly earnings beat, with EPS of $1.22 versus the $1.17 consensus and revenue of $17.25 billion, up 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, representing a 1.5% yield.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $128.52, compared with shares opening at $110.24.

Hourglass Capital LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,571 shares of the network equipment provider's stock after selling 16,889 shares during the period. Cisco Systems comprises approximately 2.3% of Hourglass Capital LLC's portfolio, making the stock its 7th largest position. Hourglass Capital LLC's holdings in Cisco Systems were worth $11,363,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Leo Wealth LLC acquired a new position in shares of Cisco Systems during the third quarter worth $3,057,000. Apollon Wealth Management LLC grew its holdings in shares of Cisco Systems by 6.8% during the third quarter. Apollon Wealth Management LLC now owns 186,584 shares of the network equipment provider's stock worth $20,082,000 after buying an additional 11,926 shares during the last quarter. Holos Integrated Wealth LLC raised its stake in shares of Cisco Systems by 168.0% during the third quarter. Holos Integrated Wealth LLC now owns 1,431 shares of the network equipment provider's stock worth $152,000 after purchasing an additional 897 shares during the last quarter. Tower View Wealth Management LLC grew its position in Cisco Systems by 2.9% in the 3rd quarter. Tower View Wealth Management LLC now owns 19,051 shares of the network equipment provider's stock valued at $2,050,000 after buying an additional 545 shares during the last quarter. Finally, Morton Brown Family Wealth LLC grew its position in Cisco Systems by 25.6% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 1,011 shares of the network equipment provider's stock valued at $109,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $110.24 on Tuesday. The business's 50 day simple moving average is $110.23 and its 200-day simple moving average is $100.14. The firm has a market capitalization of $434.63 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. 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, Inc. has a 12 month low of $70.43 and a 12 month high of $130.37.

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 for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a return on equity of 30.16% and a net margin of 20.95%. The company's revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, equities analysts forecast that Cisco Systems, Inc. will post 4.42 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems's payout ratio is 50.30%.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 7,170 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.57, for a total transaction of $799,956.90. Following the completion of the transaction, the insider directly owned 230,593 shares in the company, valued at approximately $25,727,261.01. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Oliver Tuszik sold 2,760 shares of Cisco Systems stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.46, for a total transaction of $310,389.60. Following the transaction, the executive vice president owned 165,276 shares of the company's stock, valued at approximately $18,586,938.96. The trade was a 1.64% 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. Over the last ninety days, insiders have sold 44,869 shares of company stock worth $5,005,620. Insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CSCO. Barclays upped their price objective on shares of Cisco Systems from $121.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Wells Fargo & Company boosted their price target on shares of Cisco Systems from $130.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Sanford C. Bernstein assumed coverage on shares of Cisco Systems in a report on Wednesday, September 30th. They set a "market perform" rating and a $110.00 price target for the company. HSBC downgraded shares of Cisco Systems from a "buy" rating to a "hold" rating and reduced their price objective for the company from $137.00 to $120.00 in a research report on Friday, August 14th. Finally, Freedom Capital raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $128.52.

Key Stories Impacting Cisco Systems

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

• Positive Sentiment: AI-focused partner strategy: At Cisco Partner Summit, the company introduced updates to its Cisco 360 partner program, including ecosystem deal registration, new incentives, AI-enabled tools, and broader availability of Cisco IQ. The initiatives are designed to help partners capture increased enterprise spending on AI-ready networking and could support future revenue growth. Cisco Expands Partner Opportunity with New Cisco 360 Program Updates, High Yield Customer Experience Offerings, and AI-Ready Innovations
• Positive Sentiment: Expanded Cisco IQ adoption: Presidio is integrating Cisco IQ with its Presidio Advisor platform, combining Cisco’s AI-powered operational intelligence with multi-vendor lifecycle management. The agreement may increase the visibility and commercial reach of Cisco IQ while reinforcing Cisco’s position in proactive IT management and security. Presidio Integrates Cisco IQ with Presidio Advisor
• Positive Sentiment: Fundamental and analyst support: Wall Street’s generally bullish view, along with Cisco’s latest earnings beat, 17.6% revenue growth, and raised fiscal-year outlook, continues to attract investor attention. Is It Worth Investing in Cisco Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Trading considerations: Technical coverage describes a rebound but highlights resistance ahead. Cisco’s shares trade well above their 200-day moving average, while a P/E near 33 may make investors more sensitive to execution and forward-growth expectations. Cisco Bounces Back: Can It Break Through Resistance?
• Neutral Sentiment: A report showing zero short interest offers no meaningful bearish or short-covering signal and appears inconsistent with the claim of a large increase in short interest.

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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