AssuredPartners Investment Advisors LLC Sells 6,308 Shares of Cisco Systems, Inc. $CSCO

Key Points

• AssuredPartners Investment Advisors LLC reduced its stake in Cisco Systems by 7.2%, selling 6,308 shares, and now holds 81,399 shares valued at approximately $5.65 million.
• Several investors, including Fairway Wealth LLC and Financial Connections Group Inc., have significantly increased their positions in Cisco Systems during the second quarter.
• Cisco Systems announced a quarterly $0.41 dividend to be paid on October 22, reflecting an annual yield of 2.4%, while maintaining a payout ratio of 62.60%.

AssuredPartners Investment Advisors LLC cut its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,399 shares of the network equipment provider's stock after selling 6,308 shares during the quarter. Cisco Systems accounts for about 1.4% of AssuredPartners Investment Advisors LLC's holdings, making the stock its 20th biggest holding. AssuredPartners Investment Advisors LLC's holdings in Cisco Systems were worth $5,647,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CSCO. Financial Connections Group Inc. raised its position in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. Pandora Wealth Inc. bought a new position in Cisco Systems in the first quarter valued at about $31,000. Nova Wealth Management Inc. bought a new position in Cisco Systems in the first quarter valued at about $31,000. Brown Shipley& Co Ltd bought a new position in Cisco Systems in the second quarter valued at about $32,000. Finally, Fairway Wealth LLC increased 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 valued at $36,000 after buying an additional 400 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CSCO has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a research note on Wednesday, October 8th. UBS Group increased their price target on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wells Fargo & Company increased their price target on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. HSBC reissued a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research note on Friday, August 15th. Finally, Piper Sandler increased their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. One 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 company's stock. According to data from MarketBeat.com, Cisco Systems presently has an average rating of "Moderate Buy" and a consensus price target of $74.72.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the executive vice president owned 198,855 shares in the company, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by company insiders.

Cisco Systems Trading Down 0.6%

Shares of Cisco Systems stock opened at $69.09 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The stock has a 50 day moving average price of $68.23 and a two-hundred day moving average price of $65.06. The stock has a market capitalization of $273.13 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The company'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. As a group, equities analysts anticipate 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. Stockholders 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 dividend payout ratio (DPR) is currently 62.60%.

About Cisco Systems

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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