Altrinsic Global Advisors LLC Sells 83,346 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Altrinsic Global Advisors LLC has reduced its stake in Cisco Systems, Inc. by 16.4%, now holding 426,101 shares valued at approximately $26.30 million, making it the firm's 16th largest position.
• Cisco recently reported earnings of $0.99 per share for the quarter, exceeding analysts' estimates, and noted revenue growth of 7.6% year-over-year to $14.67 billion.
• The company declared a quarterly dividend of $0.41 per share, representing an annualized yield of 2.4%, with a payout ratio of 62.60%.

Altrinsic Global Advisors LLC cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 426,101 shares of the network equipment provider's stock after selling 83,346 shares during the quarter. Cisco Systems comprises 1.3% of Altrinsic Global Advisors LLC's holdings, making the stock its 16th biggest position. Altrinsic Global Advisors LLC's holdings in Cisco Systems were worth $26,295,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS raised its holdings in shares of Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares during the period. Golden State Wealth Management LLC increased its holdings in Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after purchasing an additional 612 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of Cisco Systems by 44.6% in the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock valued at $11,454,000 after purchasing an additional 59,680 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Cisco Systems by 2.6% during the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock worth $6,882,000 after buying an additional 2,839 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSCO. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the company from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, Evercore ISI lifted their price target on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insider Activity at Cisco Systems

In related news, CFO Richard Scott Herren sold 15,678 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $65.52, for a total value of $1,027,222.56. Following the completion of the sale, the chief financial officer directly owned 309,543 shares in the company, valued at $20,281,257.36. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,095 shares of company stock valued at $7,841,167 in the last 90 days. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Performance

CSCO stock traded up $0.99 during midday trading on Thursday, reaching $69.43. 15,253,425 shares of the company were exchanged, compared to its average volume of 22,847,584. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The firm has a market capitalization of $274.94 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.90 and a beta of 0.91. The business has a 50-day moving average price of $68.34 and a two-hundred day moving average price of $63.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The company had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the company posted $0.87 EPS. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Equities research analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

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

Cisco Systems 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.