Cisco Systems, Inc. $CSCO Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Cisco Systems by 1.2%, owning approximately 2.23 million shares valued at $154.9 million after selling 26,075 shares in Q2.
• Cisco reported a quarterly earnings per share (EPS) of $0.99, beating analysts' expectations, and its revenue increased by 7.6% year-over-year, totaling $14.67 billion.
• The company announced a quarterly dividend of $0.41 per share, with an annualized yield of 2.4%, payable on October 22nd to investors of record.

Chevy Chase Trust Holdings LLC cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,233,086 shares of the network equipment provider's stock after selling 26,075 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of Cisco Systems worth $154,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS increased its stake in Cisco Systems by 0.7% during the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Cisco Systems by 10.8% during the first quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock worth $389,000 after acquiring an additional 612 shares during the last quarter. Shell Asset Management Co. increased its stake in Cisco Systems by 53.3% during the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider's stock worth $5,358,000 after acquiring an additional 26,840 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Cisco Systems by 255.9% in the first quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after buying an additional 5,622,672 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 worth $249,180,000 after buying an additional 904,548 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Cisco Systems Trading Down 0.6%

Shares of CSCO opened at $69.09 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50-day moving average price of $68.23 and a 200 day moving average price of $65.06. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a market capitalization of $273.13 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.93 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its 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 company had revenue of $14.67 billion for the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $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. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSCO shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday, October 8th. UBS Group upped their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Barclays upped their target price on Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on Cisco Systems from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.72.

Insider Activity at Cisco Systems

In other news, insider Jeetendra I. Patel sold 9,061 shares of Cisco Systems stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. This trade represents a 3.68% 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, CEO Charles Robbins sold 30,557 shares of Cisco Systems stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.63, for a total value of $2,036,012.91. Following the transaction, the chief executive officer owned 639,000 shares in the company, valued at approximately $42,576,570. This trade represents a 4.56% 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 in the last quarter. Company 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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