Ancora Advisors LLC Decreases Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Ancora Advisors LLC reduced its holdings in Cisco Systems by 5.9% during the first quarter, selling 8,089 shares and retaining a total of 129,430 shares valued at approximately $7.99 million.
• Cisco Systems reported a quarterly earnings per share (EPS) of $0.99, exceeding expectations of $0.98, along with a 7.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.41 to be paid on October 22nd, offering an annualized dividend yield of 2.4%.

Ancora Advisors LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 129,430 shares of the network equipment provider's stock after selling 8,089 shares during the period. Ancora Advisors LLC's holdings in Cisco Systems were worth $7,987,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of 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 buying an additional 24,562 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Cisco Systems by 37.0% in 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 during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Cisco Systems in the 4th quarter worth approximately $855,000. Cahill Financial Advisors Inc. increased its position in shares of Cisco Systems by 86.2% in the fourth 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 purchased a new position in shares of Cisco Systems in the fourth quarter worth approximately $1,212,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. New Street Research restated a "neutral" rating and issued a $70.00 price objective on shares of Cisco Systems in a research note on Friday, May 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. Barclays boosted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Finally, William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One equities research 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 stock. According to data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Down 1.6%

Shares of NASDAQ:CSCO traded down $1.09 during midday trading on Friday, hitting $66.90. The stock had a trading volume of 21,048,179 shares, compared to its average volume of 20,291,668. The business's 50-day simple moving average is $68.44 and its 200-day simple moving average is $63.88. Cisco Systems, Inc. has a 12 month low of $47.85 and a 12 month high of $72.55. The company has a market cap of $264.47 billion, a P/E ratio of 25.53, a PEG ratio of 2.81 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Cisco Systems's revenue for the quarter 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. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is presently 62.60%.

Insider Transactions at Cisco Systems

In related news, EVP Thimaya K. Subaiya sold 8,726 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $65.54, for a total transaction of $571,902.04. Following the transaction, the executive vice president directly owned 174,669 shares in the company, valued at $11,447,806.26. This trade represents a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard Scott Herren sold 15,678 shares of Cisco Systems stock in a transaction that occurred 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 owned 309,543 shares in the company, valued at approximately $20,281,257.36. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,311 shares of company stock worth $5,916,823. Company insiders own 0.01% of the company's stock.

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.