Ameritas Advisory Services LLC Cuts Position in Cisco Systems, Inc. $CSCO

Key Points

• Ameritas Advisory Services LLC reduced its stake in Cisco Systems by 10.6%, holding 48,677 shares worth approximately $3,377,000 after selling 5,784 shares in the second quarter.
• Cisco Systems reported earnings of $0.99 per share for the recent quarter, exceeding expectations, with revenue growth of 7.6% year-over-year, amounting to $14.67 billion.
• The company declared a quarterly dividend of $0.41 per share, representing a 2.4% yield, with the payment scheduled for October 22nd to investors of record on October 3rd.

Ameritas Advisory Services LLC lowered its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 10.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,677 shares of the network equipment provider's stock after selling 5,784 shares during the period. Ameritas Advisory Services LLC's holdings in Cisco Systems were worth $3,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Postrock Partners LLC raised its stake in shares of Cisco Systems by 4.5% during the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock valued at $241,000 after purchasing an additional 150 shares during the period. Pacifica Partners Inc. grew its position in shares of Cisco Systems by 0.5% during the second quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock worth $2,338,000 after buying an additional 155 shares in the last quarter. Pacific Sage Partners LLC grew its position in shares of Cisco Systems by 0.9% during the second quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock worth $1,162,000 after buying an additional 156 shares in the last quarter. Childress Capital Advisors LLC grew its position in shares of Cisco Systems by 0.8% during the second quarter. Childress Capital Advisors LLC now owns 18,806 shares of the network equipment provider's stock worth $1,305,000 after buying an additional 157 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its position in shares of Cisco Systems by 2.9% during the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after buying an additional 159 shares in 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 $68.31 on Friday. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55. The firm's 50-day simple moving average is $68.12 and its 200 day simple moving average is $64.51. 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 cap of $270.04 billion, a P/E ratio of 26.07, a P/E/G ratio of 2.89 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. 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 expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be paid a dividend of $0.41 per share. 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 currently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the sale, the senior vice president directly owned 30,619 shares in the company, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction of $116,464.32. Following the completion of the sale, the executive vice president owned 158,009 shares in the company, valued at approximately $10,551,841.02. This trade represents a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock valued at $5,559,996 in the last quarter. 0.01% of the stock is owned by company insiders.

Analyst Ratings Changes

CSCO has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. William Blair raised shares of Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Finally, HSBC reaffirmed a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

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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