Focus Partners Wealth Trims Position in Cisco Systems, Inc. $CSCO

Key Points

• Focus Partners Wealth has reduced its holdings in Cisco Systems by 9.2%, now owning approximately 1.68 million shares valued at $103.8 million.
• Cisco Systems recently reported an earnings per share (EPS) of $0.99 for the last quarter, surpassing expectations and showing a 7.6% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.41 per share, with the payout scheduled for October 22nd, reflecting a 2.4% dividend yield.

Focus Partners Wealth lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 9.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,682,274 shares of the network equipment provider's stock after selling 171,250 shares during the quarter. Focus Partners Wealth's holdings in Cisco Systems were worth $103,802,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Cisco Systems during the 4th quarter valued at about $26,000. JDM Financial Group LLC grew its holdings in Cisco Systems by 160.4% during the 4th quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock valued at $29,000 after buying an additional 300 shares in the last quarter. Pandora Wealth Inc. bought a new stake in shares of Cisco Systems during the 1st quarter valued at about $31,000. Fairway Wealth LLC boosted its position in shares of Cisco Systems by 224.7% during the 1st quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock valued at $36,000 after acquiring an additional 400 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in shares of Cisco Systems during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Price Performance

NASDAQ CSCO traded down $1.16 on Friday, reaching $66.53. 18,525,267 shares of the company's stock traded hands, compared to its average volume of 21,086,943. Cisco Systems, Inc. has a 12 month low of $49.67 and a 12 month high of $72.55. 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 stock has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $63.98. The stock has a market cap of $263.01 billion, a PE ratio of 25.39, a P/E/G ratio of 2.86 and a beta of 0.99.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.87 earnings per share. The business'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 predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.5%. Cisco Systems's payout ratio is presently 62.60%.

Insider Transactions at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $603,462.60. Following the completion of the sale, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maria Victoria Wong sold 428 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.25, for a total value of $29,211.00. Following the completion of the sale, the senior vice president owned 30,619 shares of the company's stock, valued at $2,089,746.75. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,099 shares of company stock valued at $5,851,765. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Evercore ISI lifted their price target on Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. KeyCorp assumed coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 price target for the company. Finally, Piper Sandler lifted their price target on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.53.

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.