Cisco Systems, Inc. $CSCO Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in Cisco Systems by 7.8%, now holding approximately 34.5 million shares valued at over $2.13 billion.
• Cisco Systems reported a quarterly earnings per share (EPS) of $0.99, exceeding analyst estimates, along with a 7.6% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.41, which will be paid to shareholders on October 22nd, representing a 2.4% yield.

Ameriprise Financial Inc. cut its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,566,973 shares of the network equipment provider's stock after selling 2,910,053 shares during the period. Cisco Systems makes up 0.6% of Ameriprise Financial Inc.'s holdings, making the stock its 23rd largest position. Ameriprise Financial Inc. owned approximately 0.87% of Cisco Systems worth $2,133,181,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS grew its holdings in Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock valued at $55,049,000 after purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC grew its holdings in Cisco Systems by 10.8% in the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after purchasing an additional 612 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Cisco Systems by 28.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares during the period. Investment Management Corp of Ontario grew its holdings in Cisco Systems by 44.6% in the fourth quarter. Investment Management Corp of Ontario now owns 193,478 shares of the network equipment provider's stock valued at $11,454,000 after purchasing an additional 59,680 shares during the period. Finally, IFP Advisors Inc grew its holdings in Cisco Systems by 2.6% in the first quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after purchasing an additional 2,839 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSCO. Rosenblatt Securities restated a "buy" rating and issued a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. HSBC reaffirmed a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a report on Friday, August 15th. Wolfe Research began coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price target on the stock. Finally, Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Stock Up 0.5%

Shares of Cisco Systems stock opened at $67.11 on Thursday. The company has a market capitalization of $265.76 billion, a PE ratio of 25.61, a P/E/G ratio of 2.84 and a beta of 0.91. Cisco Systems, Inc. has a 1-year low of $47.85 and a 1-year high of $72.55. The business has a 50-day moving average of $68.09 and a 200-day moving average of $63.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm 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. As a group, equities analysts forecast that Cisco Systems, Inc. will post 3.04 EPS 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. Shareholders of record on Friday, October 3rd will be issued a $0.41 dividend. 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 dividend payout ratio (DPR) is currently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the transaction, the insider owned 237,405 shares of the company's stock, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the completion of the transaction, the executive vice president directly owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,118 shares of company stock valued at $8,847,167 over the last ninety days. Insiders own 0.01% of the company's stock.

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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