Cisco Systems, Inc. $CSCO Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC reduced its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,326 shares of the network equipment provider's stock after selling 4,659 shares during the quarter. Cisco Systems comprises 2.1% of Court Place Advisors LLC's holdings, making the stock its 10th largest holding. Court Place Advisors LLC's holdings in Cisco Systems were worth $6,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock valued at $24,002,095,000 after purchasing an additional 1,865,648 shares in the last quarter. Invesco Ltd. increased its position in Cisco Systems by 10.4% in the 1st quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after buying an additional 4,437,450 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Cisco Systems by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after buying an additional 12,775,066 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cisco Systems by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,797,629 shares of the network equipment provider's stock worth $2,332,492,000 after buying an additional 1,326,354 shares during the period. Finally, Amundi boosted its holdings in Cisco Systems by 11.0% in the first quarter. Amundi now owns 29,170,847 shares of the network equipment provider's stock worth $1,679,312,000 after acquiring an additional 2,898,391 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

Cisco Systems Stock Performance

Shares of CSCO stock opened at $70.33 on Thursday. 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 firm has a 50-day moving average of $68.18 and a 200-day moving average of $64.75. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a market cap of $278.03 billion, a P/E ratio of 26.84, a P/E/G ratio of 2.90 and a beta of 0.97.

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

Cisco Systems Dividend Announcement

The firm also recently declared 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. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

Several research firms have recently commented on CSCO. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $73.00 in a report on Monday, June 16th. KeyCorp initiated coverage on shares of Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Piper Sandler raised their price objective on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Evercore ISI lifted their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a report on Thursday, August 14th. Finally, Bank of America upped their target price on shares of Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Insiders Place Their Bets

In related news, EVP Deborah L. Stahlkopf sold 9,783 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 transaction of $651,547.80. Following the completion of the sale, the executive vice president owned 161,662 shares in the company, valued at approximately $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,965 shares of company stock valued at $5,559,996. 0.01% of the stock is currently owned by insiders.

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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