Central Pacific Bank Trust Division Sells 7,643 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Central Pacific Bank Trust Division has reduced its stake in Cisco Systems, Inc. by 15.8%, now holding 40,650 shares worth approximately $2.82 million.
• Cisco reported a 7.6% year-over-year increase in quarterly revenue, amounting to $14.67 billion, with an earnings per share (EPS) of $0.99 for the quarter.
• The company declared a $0.41 quarterly dividend to be paid on October 22nd, representing an annualized rate of $1.64 with a dividend yield of 2.5%.

Central Pacific Bank Trust Division reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,650 shares of the network equipment provider's stock after selling 7,643 shares during the period. Central Pacific Bank Trust Division's holdings in Cisco Systems were worth $2,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. grew its position in shares of Cisco Systems by 21.2% in the 2nd quarter. Kera Capital Partners Inc. now owns 4,672 shares of the network equipment provider's stock worth $324,000 after acquiring an additional 816 shares in the last quarter. Private Client Services LLC acquired a new stake in Cisco Systems during the second quarter valued at approximately $303,000. Rowlandmiller & PARTNERS.ADV grew its holdings in shares of Cisco Systems by 6.8% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 3,124 shares of the network equipment provider's stock worth $217,000 after acquiring an additional 200 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Cisco Systems in the 1st quarter valued at $9,273,000. Finally, Swedbank AB increased its holdings in shares of Cisco Systems by 7.0% in the 1st quarter. Swedbank AB now owns 7,541,877 shares of the network equipment provider's stock valued at $465,409,000 after purchasing an additional 494,160 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Up 0.7%

Cisco Systems stock traded up $0.49 during mid-day trading on Monday, reaching $67.02. The company's stock had a trading volume of 16,200,069 shares, compared to its average volume of 21,060,037. The business's 50 day simple moving average is $68.24 and its 200 day simple moving average is $64.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. Cisco Systems, Inc. has a 12 month low of $49.78 and a 12 month high of $72.55. The company has a market capitalization of $264.94 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99.

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, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 earnings per share. Cisco Systems's quarterly revenue was up 7.6% on a year-over-year basis. 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 anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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 issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company's stock, valued at approximately $10,701,086.72. The trade was a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles Robbins sold 30,557 shares of Cisco Systems 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 sale, the chief executive officer directly owned 639,000 shares of the company's stock, valued at $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,843 shares of company stock worth $5,968,229 in the last ninety days. Insiders own 0.01% of the company's stock.

Analyst Ratings Changes

CSCO has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. UBS Group upped their target price on shares of Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Bank of America upped their price objective on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wall Street Zen lowered shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Evercore ISI lifted their price objective on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems has an average rating of "Moderate Buy" and a consensus price target of $74.53.

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.