Arnhold LLC trimmed its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 350,251 shares of the network equipment provider's stock after selling 49,108 shares during the quarter. Cisco Systems makes up 2.2% of Arnhold LLC's holdings, making the stock its 10th biggest holding. Arnhold LLC's holdings in Cisco Systems were worth $24,300,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Connections Group Inc. grew its holdings in Cisco Systems by 89.4% during the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 193 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Cisco Systems during the second quarter worth $32,000. Pandora Wealth Inc. acquired a new position in shares of Cisco Systems during the first quarter worth $31,000. Nova Wealth Management Inc. acquired a new position in shares of Cisco Systems during the first quarter worth $31,000. Finally, Fairway Wealth LLC grew its stake in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.
Insiders Place Their Bets
In related news, EVP Oliver Tuszik sold 17,526 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 198,855 shares of the company's stock, valued at $13,512,197.25. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the transaction, the senior vice president owned 30,619 shares in the company, valued at approximately $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 over the last three months. Insiders own 0.01% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CSCO. Wolfe Research initiated coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Piper Sandler raised their price objective on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. William Blair upgraded Cisco Systems to a "hold" rating in a report on Thursday, August 14th. 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. Finally, Rosenblatt Securities restated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and an average target price of $74.72.
Check Out Our Latest Report on CSCO
Cisco Systems Price Performance
Cisco Systems stock opened at $70.13 on Friday. The stock has a market capitalization of $277.24 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.91 and a beta of 0.97. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week high of $72.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock's 50 day moving average price is $68.20 and its two-hundred day moving average price is $65.11.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its 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 company 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 27.06%. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, equities analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.
Cisco Systems Announces Dividend
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 paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.
Cisco Systems Company Profile
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Free Report)
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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