Cisco Systems, Inc. $CSCO Holdings Decreased by Pinion Investment Advisors LLC

Key Points

• Pinion Investment Advisors LLC has reduced its Cisco Systems holdings by 49.3%, now owning 16,546 shares valued at approximately $1,148,000.
• Cisco Systems has received positive outlooks from various analysts, with Evercore ISI increasing the price target to $74.00 and maintaining an "in-line" rating for the stock.
• The company recently announced a quarterly dividend of $0.41 per share, with an ex-dividend date set for October 3rd, representing an annualized yield of 2.3%.

Pinion Investment Advisors LLC trimmed its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 49.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,546 shares of the network equipment provider's stock after selling 16,062 shares during the quarter. Pinion Investment Advisors LLC's holdings in Cisco Systems were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. KRS Capital Management LLC boosted its position in Cisco Systems by 1.7% during the 2nd quarter. KRS Capital Management LLC now owns 12,717 shares of the network equipment provider's stock valued at $882,000 after purchasing an additional 212 shares during the period. Ramirez Asset Management Inc. boosted its position in Cisco Systems by 177.2% during the 2nd quarter. Ramirez Asset Management Inc. now owns 29,407 shares of the network equipment provider's stock valued at $2,040,000 after purchasing an additional 18,800 shares during the period. Callan Family Office LLC boosted its position in Cisco Systems by 152.2% during the 2nd quarter. Callan Family Office LLC now owns 133,154 shares of the network equipment provider's stock valued at $9,238,000 after purchasing an additional 80,358 shares during the period. Blair William & Co. IL boosted its position in Cisco Systems by 5.3% during the 2nd quarter. Blair William & Co. IL now owns 806,310 shares of the network equipment provider's stock valued at $55,942,000 after purchasing an additional 40,585 shares during the period. Finally, Rice Partnership LLC boosted its position in Cisco Systems by 21.0% during the 2nd quarter. Rice Partnership LLC now owns 17,257 shares of the network equipment provider's stock valued at $1,197,000 after purchasing an additional 2,996 shares during the period. 73.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CSCO has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. Wolfe Research initiated coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Hsbc Global Res lowered Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Finally, UBS Group boosted their price target on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.53.

Insider Activity at Cisco Systems

In other news, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total transaction of $29,211.00. Following the sale, the senior vice president directly owned 30,619 shares of the company's stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the sale, the executive vice president directly owned 157,184 shares in the company, valued at $10,701,086.72. This trade represents a 1.70% 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 over the last ninety days. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Down 0.5%

Shares of Cisco Systems stock opened at $69.96 on Friday. 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 firm has a market cap of $276.57 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97. The business has a fifty day simple moving average of $68.22 and a 200-day simple moving average of $64.81. Cisco Systems, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $72.55.

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

Cisco Systems Dividend Announcement

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 given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. Cisco Systems's payout ratio is 62.60%.

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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