16,990 Cisco Systems, Inc. $CSCO Shares Sold by Tectonic Advisors LLC

Key Points

• Tectonic Advisors reduced its Cisco stake by 9.6%, selling 16,990 shares and retaining 159,550 shares valued at approximately $17.2 million. Institutional investors collectively own 73.33% of Cisco.
• Cisco reported quarterly adjusted earnings of $1.22 per share and revenue of $17.25 billion, exceeding analyst estimates, while revenue grew 17.6% year over year. The company also declared a quarterly dividend of $0.42 per share, or $1.68 annually.
• Analyst sentiment remains positive but mixed, with Cisco carrying a consensus “Moderate Buy” rating and an average price target of $128.52 versus a recent share price of $106.50. Insiders sold 44,869 shares worth about $5.0 million during the quarter under pre-arranged trading plans.

Tectonic Advisors LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,550 shares of the network equipment provider's stock after selling 16,990 shares during the period. Cisco Systems accounts for about 0.7% of Tectonic Advisors LLC's holdings, making the stock its 29th biggest position. Tectonic Advisors LLC's holdings in Cisco Systems were worth $17,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CSCO. Bridgewater Advisors Inc. bought a new stake in shares of Cisco Systems during the second quarter valued at about $6,442,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Cisco Systems in the second quarter worth about $60,009,000. Western Wealth Management LLC lifted its holdings in shares of Cisco Systems by 60.5% in the first quarter. Western Wealth Management LLC now owns 76,372 shares of the network equipment provider's stock worth $5,926,000 after buying an additional 28,792 shares in the last quarter. ABN AMRO Bank N.V. bought a new position in shares of Cisco Systems in the second quarter valued at approximately $19,114,000. Finally, USS Investment Management Ltd boosted its position in shares of Cisco Systems by 1.8% in the first quarter. USS Investment Management Ltd now owns 686,466 shares of the network equipment provider's stock valued at $53,253,000 after acquiring an additional 12,251 shares during the period. Institutional investors own 73.33% of the company's stock.

Insiders Place Their Bets

In other news, insider Jeetendra Patel sold 7,170 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.57, for a total value of $799,956.90. Following the transaction, the insider owned 230,593 shares of the company's stock, valued at $25,727,261.01. This represents a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Robbins sold 21,628 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $111.54, for a total transaction of $2,412,387.12. Following the sale, the chief executive officer owned 602,710 shares in the company, valued at approximately $67,226,273.40. This trade represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Price Performance

Shares of CSCO traded up $1.61 during trading hours on Friday, reaching $106.50. 13,560,043 shares of the company's stock traded hands, compared to its average volume of 15,748,618. Cisco Systems, Inc. has a 12 month low of $70.06 and a 12 month high of $130.37. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The stock has a market cap of $419.89 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. The firm's 50 day simple moving average is $110.18 and its 200-day simple moving average is $109.86.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The company had revenue of $17.25 billion for the quarter, compared to analysts' expectations of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. Cisco Systems's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. 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. Equities analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems's payout ratio is currently 50.30%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HSBC cut 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 note on Friday, August 14th. Truist Financial increased their target price on shares of Cisco Systems from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Zacks Research raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 30th. Freedom Capital upgraded shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Finally, Sanford C. Bernstein initiated coverage on shares of Cisco Systems in a research report on Wednesday, September 30th. They set a "market perform" rating and a $110.00 price target for the company. Three research 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.52.

Cisco Systems Profile

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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