Cisco Systems, Inc. $CSCO Shares Sold by Berkeley Capital Partners LLC

Key Points

• Berkeley Capital Partners LLC reduced its stake in Cisco Systems by 11.5%, selling 4,550 shares and now holding approximately 34,922 shares, valued at about $2.4 million.
• Insider activity shows significant sales, with EVP Oliver Tuszik selling 17,526 shares worth over $1.19 million, reflecting an 8.1% decrease in their holdings.
• Several analysts boosted their price targets for Cisco, with Bank of America raising its target from $76 to $85 and Barclays increasing from $66 to $71.

Berkeley Capital Partners LLC decreased its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,922 shares of the network equipment provider's stock after selling 4,550 shares during the period. Cisco Systems makes up approximately 0.6% of Berkeley Capital Partners LLC's investment portfolio, making the stock its 27th largest position. Berkeley Capital Partners LLC's holdings in Cisco Systems were worth $2,423,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CSCO. Financial Connections Group Inc. raised its holdings in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock valued at $28,000 after acquiring an additional 193 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems in the 1st quarter valued at about $31,000. Nova Wealth Management Inc. purchased a new stake in shares of Cisco Systems in the 1st quarter valued at approximately $31,000. Brown Shipley& Co Ltd purchased a new stake in shares of Cisco Systems in the 2nd quarter valued at approximately $32,000. Finally, Fairway Wealth LLC grew its stake in shares of Cisco Systems by 224.7% in the 1st 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 during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Activity at Cisco Systems

In other news, EVP Oliver Tuszik sold 17,526 shares of the firm's 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total transaction of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares in the company, valued at $2,089,746.75. The trade was a 1.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock worth $5,559,996 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. 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 note on Thursday, August 14th. William Blair raised shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company increased their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.72.

Cisco Systems Price Performance

Cisco Systems stock opened at $70.65 on Tuesday. The firm has a market cap of $279.29 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.95 and a beta of 0.97. Cisco Systems, Inc. has a 52-week low of $52.11 and a 52-week 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's 50 day moving average is $68.20 and its two-hundred day moving average is $65.31.

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 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 net margin of 18.45% and a return on equity of 27.06%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, research analysts expect 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 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 yield of 2.3%. Cisco Systems's dividend 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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