Cisco Systems, Inc. $CSCO Shares Sold by Essex LLC

Key Points

• Essex LLC has reduced its stake in Cisco Systems by 7.5%, now holding 45,071 shares worth approximately $3.13 million after selling 3,659 shares in the second quarter.
• Several institutional investors, including Shell Asset Management Co. and Acadian Asset Management LLC, have significantly increased their stakes, with Acadian Asset Management lifting its position by 255.9%.
• Cisco Systems recently reported a 7.6% year-over-year revenue increase, with earnings per share of $0.99, exceeding analyst expectations, and announced a quarterly dividend of $0.41 per share.

Essex LLC lowered its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,071 shares of the network equipment provider's stock after selling 3,659 shares during the quarter. Essex LLC's holdings in Cisco Systems were worth $3,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS raised its position in Cisco Systems by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after buying an additional 6,501 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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 period. Shell Asset Management Co. raised its holdings 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 purchasing an additional 26,840 shares in the last quarter. Acadian Asset Management LLC lifted its position in 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 valued at $482,509,000 after purchasing an additional 5,622,672 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after purchasing an additional 904,548 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cisco Systems news, CEO Charles Robbins sold 30,557 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were 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. This trade represents a 4.56% 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 Deborah L. Stahlkopf sold 2,718 shares of Cisco Systems stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $68.08, for a total transaction of $185,041.44. Following the sale, the executive vice president owned 157,184 shares of the company's stock, valued at approximately $10,701,086.72. This trade represents a 1.70% 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 quarter. Corporate insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 1.8%

CSCO stock opened at $68.66 on Wednesday. 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 company's 50 day simple moving average is $68.24 and its 200-day simple moving average is $64.98. Cisco Systems, Inc. has a 12 month low of $52.11 and a 12 month high of $72.55. The firm has a market capitalization of $271.43 billion, a PE ratio of 26.21, a P/E/G ratio of 2.84 and a beta of 0.97.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis 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 Analyst Weigh In

A number of equities analysts have recently issued reports on the company. KeyCorp started 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. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. William Blair raised Cisco Systems to a "hold" rating in a report on Thursday, August 14th. Barclays upped their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Morgan Stanley raised their price objective on shares of Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Cisco Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.72.

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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