Cisco Systems, Inc. $CSCO is OLD Point Trust & Financial Services N A's 9th Largest Position

Key Points

• OLD Point Trust & Financial Services N A reduced its stake in Cisco Systems by 3.2%, now holding 124,142 shares, making it the firm's 9th largest position with a value of approximately $8.61 million.
• Executives Oliver Tuszik and Jeetendra I. Patel sold significant shares of Cisco stock, reducing their ownership by 8.10% and 3.68%, respectively, contributing to a total of 82,965 shares sold by insiders in the last quarter.
• Cisco Systems announced a quarterly dividend of $0.41 per share payable on October 22, with a current dividend yield of 2.4% and a payout ratio of 62.60%.

OLD Point Trust & Financial Services N A lowered its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,142 shares of the network equipment provider's stock after selling 4,118 shares during the quarter. Cisco Systems comprises about 3.0% of OLD Point Trust & Financial Services N A's holdings, making the stock its 9th biggest holding. OLD Point Trust & Financial Services N A's holdings in Cisco Systems were worth $8,613,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CSCO. Pandora Wealth Inc. purchased a new position in Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems in the first quarter valued at approximately $31,000. Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems in the second quarter valued at approximately $32,000. Fairway Wealth LLC boosted 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 purchasing an additional 400 shares during the period. Finally, Accent Capital Management LLC purchased a new position in shares of Cisco Systems in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Buying and Selling at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $67.95, for a total transaction of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares in the company, valued at approximately $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Up 1.0%

CSCO stock opened at $68.42 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55. The company's 50 day moving average is $68.12 and its two-hundred day moving average is $64.43. The stock has a market cap of $270.48 billion, a P/E ratio of 26.11, a PEG ratio of 2.85 and a beta of 0.99.

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

Cisco Systems Dividend Announcement

The firm 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 is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

Several research firms have recently commented on CSCO. CICC Research began coverage on shares of Cisco Systems in a research note on Monday, July 14th. They issued an "outperform" rating and a $78.00 price objective for the company. UBS Group raised their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. William Blair raised shares of Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently 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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