Alta Capital Management LLC Trims Stock Holdings in Cisco Systems, Inc. $CSCO

Key Points

• Alta Capital Management LLC has reduced its holdings in Cisco Systems by 10.2%, selling 7,777 shares during the second quarter, leaving them with 68,530 shares valued at approximately $4.75 million.
• Several institutional investors, including Postrock Partners LLC and Mount Vernon Associates, have made minor adjustments to their stakes in Cisco Systems, indicating mixed investor sentiment around the stock.
• Cisco recently reported a quarterly earnings per share of $0.99, exceeding analyst expectations, and announced a $0.41 quarterly dividend, reflecting a 2.4% yield for investors.

Alta Capital Management LLC lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,530 shares of the network equipment provider's stock after selling 7,777 shares during the quarter. Alta Capital Management LLC's holdings in Cisco Systems were worth $4,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSCO. Postrock Partners LLC lifted its holdings in shares of Cisco Systems by 4.5% in the 2nd quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after purchasing an additional 150 shares during the last quarter. Mount Vernon Associates Inc. MD raised its stake in Cisco Systems by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after acquiring an additional 150 shares in the last quarter. Lion Street Advisors LLC raised its stake in Cisco Systems by 0.7% during the 2nd quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock valued at $1,436,000 after acquiring an additional 152 shares in the last quarter. Pacifica Partners Inc. raised its stake in Cisco Systems by 0.5% during the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after acquiring an additional 155 shares in the last quarter. Finally, Pacific Sage Partners LLC raised its stake in Cisco Systems by 0.9% during the 2nd quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock valued at $1,162,000 after acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several recent analyst reports. Evercore ISI lifted their target price on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. UBS Group lifted their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Piper Sandler lifted their target price on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. William Blair raised Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Finally, Morgan Stanley boosted their price objective on Cisco Systems from $73.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $74.72.

Insiders Place Their Bets

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction on Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares in the company, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

Shares of NASDAQ CSCO opened at $69.52 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $274.83 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.89 and a beta of 0.97. The stock's fifty day simple moving average is $68.25 and its 200 day simple moving average is $65.01. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) 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 analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous 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. As a group, sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

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.

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