Cisco Systems, Inc. $CSCO Shares Sold by Ameriflex Group Inc.

Key Points

• Ameriflex Group Inc. reduced its holdings in Cisco Systems by 72.1% in Q2, ending with 2,647 shares valued at $183,000.
• Several institutional investors increased their stakes in Cisco, with Brighton Jones LLC boosting its holdings by 49.5% in Q4.
• Cisco Systems reported $0.99 earnings per share for the last quarter, surpassing estimates, alongside a 7.6% increase in revenue compared to the previous year.

Ameriflex Group Inc. decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 72.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,647 shares of the network equipment provider's stock after selling 6,839 shares during the quarter. Ameriflex Group Inc.'s holdings in Cisco Systems were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSCO. Brighton Jones LLC lifted its holdings in shares of Cisco Systems by 49.5% during the fourth quarter. Brighton Jones LLC now owns 74,187 shares of the network equipment provider's stock worth $4,392,000 after purchasing an additional 24,562 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Cisco Systems by 37.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,156 shares of the network equipment provider's stock worth $542,000 after purchasing an additional 2,474 shares during the period. Foster Group Inc. lifted its holdings in shares of Cisco Systems by 47.1% during the first quarter. Foster Group Inc. now owns 6,654 shares of the network equipment provider's stock worth $411,000 after purchasing an additional 2,130 shares during the period. Pines Wealth Management LLC lifted its holdings in shares of Cisco Systems by 5.3% during the first quarter. Pines Wealth Management LLC now owns 17,788 shares of the network equipment provider's stock worth $1,098,000 after purchasing an additional 889 shares during the period. Finally, Radnor Capital Management LLC lifted its holdings in shares of Cisco Systems by 2.7% during the first quarter. Radnor Capital Management LLC now owns 52,344 shares of the network equipment provider's stock worth $3,230,000 after purchasing an additional 1,395 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 in the last three months. Company insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CSCO shares. Morgan Stanley lifted their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Cisco Systems in a research report on Saturday, September 27th. Barclays lifted their price target on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Performance

Shares of NASDAQ:CSCO opened at $67.92 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. The business's 50 day moving average price is $68.10 and its 200-day moving average price is $64.59. The firm has a market capitalization of $268.50 billion, a PE ratio of 25.92, a P/E/G ratio of 2.85 and a beta of 0.97. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55.

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 analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid 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 yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Cisco Systems 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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