Cisco Systems, Inc. $CSCO Shares Sold by Mechanics Bank Trust Department

Key Points

• Mechanics Bank Trust Department has reduced its holdings in Cisco Systems, Inc. by 18.5% in the second quarter, selling 12,336 shares and retaining 54,425 shares valued at $3,776,000.
• Cisco Systems reported earnings of $0.99 EPS for the last quarter, surpassing estimates and showing a 7.6% increase in revenue year-over-year.
• Insider activity includes sales by executives, with EVP Thimaya K. Subaiya selling 1,744 shares valued at approximately $116,464, representing a decrease in their ownership position.

Mechanics Bank Trust Department reduced its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 18.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,425 shares of the network equipment provider's stock after selling 12,336 shares during the quarter. Mechanics Bank Trust Department's holdings in Cisco Systems were worth $3,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CSCO. Pandora Wealth Inc. purchased a new stake in Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. bought a new stake in Cisco Systems in the 1st quarter valued at about $31,000. Fairway Wealth LLC boosted its position 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 acquiring an additional 400 shares during the period. Accent Capital Management LLC purchased a new stake in Cisco Systems in the first quarter valued at approximately $36,000. Finally, Investment Management Corp VA ADV boosted its stake in Cisco Systems by 145.3% in the first quarter. Investment Management Corp VA ADV now owns 596 shares of the network equipment provider's stock worth $37,000 after buying an additional 353 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Maria Victoria Wong sold 428 shares of the company's stock in a transaction that occurred 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. This represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the completion of the sale, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,965 shares of company stock worth $5,559,996 in the last 90 days. 0.01% of the stock is owned by company insiders.

Cisco Systems Stock Performance

CSCO traded down $0.46 during midday trading on Monday, reaching $67.75. The company had a trading volume of 20,383,682 shares, compared to its average volume of 17,512,462. Cisco Systems, Inc. has a 1 year low of $51.89 and a 1 year high of $72.55. 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 company has a market cap of $267.83 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.87 and a beta of 0.99. The business has a 50-day moving average of $68.14 and a two-hundred day moving average of $64.17.

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, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, equities research analysts predict 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. Investors 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 is currently 62.60%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CSCO shares. Bank of America increased their price target on shares of Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the company from $65.00 to $73.00 in a research report on Monday, June 16th. CICC Research began coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. Finally, Rosenblatt Securities restated a "buy" rating and issued a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Cisco Systems currently has an average rating of "Moderate Buy" and a consensus price target 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.