Advisors Asset Management Inc. Lowers Position in Cisco Systems, Inc. $CSCO

Key Points

• Advisors Asset Management Inc. reduced its stake in Cisco Systems by 4.1%, holding 733,495 shares valued at approximately $45.26 million, making it the 12th largest position in their portfolio.
• During the same quarter, other institutions like Goldman Sachs Group Inc. and Pacer Advisors Inc. significantly increased their investments in Cisco Systems, highlighting a trend of growing institutional interest in the company.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, exceeding estimates and showing a 7.6% increase in revenue year-over-year, demonstrating solid financial performance.

Advisors Asset Management Inc. lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 733,495 shares of the network equipment provider's stock after selling 31,103 shares during the period. Cisco Systems accounts for 0.8% of Advisors Asset Management Inc.'s portfolio, making the stock its 12th largest holding. Advisors Asset Management Inc.'s holdings in Cisco Systems were worth $45,264,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Cisco Systems by 49.5% in the 4th quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Cisco Systems by 37.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after purchasing an additional 2,474 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Cisco Systems during the 4th quarter worth approximately $855,000. Cahill Financial Advisors Inc. boosted its position in shares of Cisco Systems by 86.2% during the 4th quarter. Cahill Financial Advisors Inc. now owns 8,513 shares of the network equipment provider's stock worth $504,000 after acquiring an additional 3,942 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in Cisco Systems in the 4th quarter valued at approximately $1,212,000. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Stock Down 1.6%

NASDAQ:CSCO traded down $1.09 on Friday, reaching $66.90. 21,048,179 shares of the stock traded hands, compared to its average volume of 20,822,246. The company's fifty day simple moving average is $68.44 and its 200 day simple moving average is $63.89. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $264.47 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.88 and a beta of 0.99. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.5%. Cisco Systems's payout ratio is currently 62.60%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp initiated coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Rosenblatt Securities reiterated a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a report on Thursday, August 14th. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. New Street Research reissued a "neutral" rating and issued a $70.00 price target on shares of Cisco Systems in a research report on Friday, May 16th. Finally, Piper Sandler boosted their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Transactions at Cisco Systems

In other news, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at approximately $42,576,570. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. This trade represents a 5.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,311 shares of company stock valued at $5,916,823. 0.01% of the stock is owned by corporate insiders.

About Cisco Systems

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.