Cisco Systems, Inc. $CSCO Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly cut its holdings in Cisco Systems by 57.3%, resulting in ownership of 81,810 shares after selling 109,567 shares during the 2nd quarter.
• Cisco Systems recently announced a quarterly dividend of $0.41, with a yield of 2.4%, to be paid on October 22nd.
• The company's stock price saw a 0.7% decline recently and has a market cap of approximately $266.68 billion, with a 12-month high of $72.55.

Atria Wealth Solutions Inc. decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 57.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,810 shares of the network equipment provider's stock after selling 109,567 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cisco Systems were worth $5,676,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Financial Connections Group Inc. raised its stake in Cisco Systems by 89.4% during the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after buying an additional 193 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the first quarter valued at approximately $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the first quarter valued at approximately $31,000. Brown Shipley& Co Ltd acquired a new stake in Cisco Systems during the second quarter valued at approximately $32,000. Finally, Fairway Wealth LLC raised its stake in Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Stock Down 0.7%

CSCO opened at $67.46 on Tuesday. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. 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 stock has a market cap of $266.68 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.86 and a beta of 0.97. The stock's 50 day moving average price is $68.22 and its 200 day moving average price is $64.95.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The firm had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. During the same period last year, the firm earned $0.87 EPS. The firm's revenue was up 7.6% compared to the same quarter last year. 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, research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Analysts Set New Price Targets

Several analysts have issued reports on CSCO shares. Barclays upped their price objective on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and increased their price target for the stock from $65.00 to $73.00 in a research report on Monday, June 16th. Wolfe Research started coverage on Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. KeyCorp started coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target on the stock. Finally, Wall Street Zen cut Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $74.72.

Insider Activity

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the 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 completion of the transaction, the executive vice president directly owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the transaction, the executive vice president directly owned 198,855 shares of the company's stock, valued at approximately $13,512,197.25. The trade was a 8.10% 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 quarter. 0.01% of the stock is currently owned by corporate insiders.

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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