Cisco Systems, Inc. $CSCO Shares Sold by Cullinan Associates Inc.

Key Points

• Cullinan Associates Inc. has reduced its stake in Cisco Systems by 7.2%, now holding 94,369 shares valued at approximately $6.55 million.
• Cisco reported $0.99 earnings per share in its latest quarterly earnings, exceeding analysts' expectations and marking a 7.6% revenue increase from the prior year.
• The company announced a $0.41 quarterly dividend to be paid on October 22, with a dividend yield of 2.4% and a payout ratio of 62.60%.

Cullinan Associates Inc. lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 94,369 shares of the network equipment provider's stock after selling 7,369 shares during the period. Cullinan Associates Inc.'s holdings in Cisco Systems were worth $6,547,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Chung Wu Investment Group LLC acquired a new position in Cisco Systems in the second quarter valued at approximately $65,000. Joule Financial LLC increased its holdings in shares of Cisco Systems by 3.8% during the 2nd quarter. Joule Financial LLC now owns 24,343 shares of the network equipment provider's stock valued at $1,689,000 after purchasing an additional 886 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in shares of Cisco Systems by 3.9% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 316,030 shares of the network equipment provider's stock valued at $21,926,000 after purchasing an additional 11,989 shares during the period. Glass Wealth Management Co LLC boosted its holdings in Cisco Systems by 1.6% during the second quarter. Glass Wealth Management Co LLC now owns 29,455 shares of the network equipment provider's stock worth $2,044,000 after buying an additional 450 shares in the last quarter. Finally, Three Bridge Wealth Advisors LLC acquired a new stake in Cisco Systems during the second quarter valued at $272,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

CSCO has been the topic of a number of analyst reports. CICC Research started coverage on Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price on the stock. William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. KeyCorp began coverage on Cisco Systems in a research note on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price for the company. Wolfe Research started coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

Cisco Systems Price Performance

NASDAQ:CSCO opened at $67.92 on Monday. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The stock's fifty day moving average is $68.10 and its two-hundred day moving average is $64.62. The company has a market capitalization of $268.50 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.85 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

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 analysts' consensus estimates of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The company's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio is currently 62.60%.

Insider Activity

In related news, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction that occurred 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 completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock worth $5,559,996 in the last three months. 0.01% of the stock is currently owned by corporate insiders.

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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