Cisco Systems, Inc. $CSCO Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC cut its Cisco stake by 14.7% in the third quarter, selling 34,606 shares and retaining 200,607 shares valued at approximately $21.6 million. Institutional investors collectively own 73.33% of Cisco’s stock.
• Cisco reported quarterly earnings of $1.22 per share on $17.25 billion in revenue, exceeding analyst estimates, while revenue increased 17.6% year over year. The company maintains a $0.42 quarterly dividend, equivalent to a 1.7% yield.
• Analysts remain broadly positive, with Cisco carrying a “Moderate Buy” consensus rating and an average price target of $128.52, compared with a recent share price of $101.61. However, company insiders sold 44,869 shares worth about $5.0 million over the past three months.

GRIMES & Co WEALTH MANAGEMENT LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,607 shares of the network equipment provider's stock after selling 34,606 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Cisco Systems were worth $21,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CSCO. Blue Bell Private Wealth Management LLC raised its stake in shares of Cisco Systems by 8.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 6,100 shares of the network equipment provider's stock valued at $657,000 after purchasing an additional 454 shares during the period. Signature Equity Partners LLC lifted its position in shares of Cisco Systems by 6.7% during the third quarter. Signature Equity Partners LLC now owns 7,294 shares of the network equipment provider's stock worth $785,000 after purchasing an additional 455 shares in the last quarter. Summit Wealth Group LLC Co. boosted its stake in shares of Cisco Systems by 33.1% in the third quarter. Summit Wealth Group LLC Co. now owns 14,501 shares of the network equipment provider's stock valued at $1,561,000 after purchasing an additional 3,604 shares during the period. Kuhn & Co Investment Counsel boosted its stake in shares of Cisco Systems by 10.5% in the third quarter. Kuhn & Co Investment Counsel now owns 7,818 shares of the network equipment provider's stock valued at $841,000 after purchasing an additional 745 shares during the period. Finally, Certified Advisory Corp grew its holdings in Cisco Systems by 10.3% during the 3rd quarter. Certified Advisory Corp now owns 6,462 shares of the network equipment provider's stock valued at $696,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

Cisco Systems stock opened at $101.61 on Tuesday. The stock has a market cap of $400.61 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $109.81 and a 200-day moving average of $101.14. Cisco Systems, Inc. has a 52 week low of $70.54 and a 52 week high of $130.37.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The business had revenue of $17.25 billion during the quarter, compared to the consensus estimate of $16.84 billion. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. On average, analysts expect that Cisco Systems, Inc. will post 4.42 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, October 2nd. Cisco Systems's dividend payout ratio (DPR) is currently 50.30%.

Insider Buying and Selling

In other news, CEO Charles Robbins sold 21,628 shares of the business's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.54, for a total value of $2,412,387.12. Following the completion of the sale, the chief executive officer owned 602,710 shares of the company's stock, valued at approximately $67,226,273.40. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the company's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $111.53, for a total transaction of $723,495.11. Following the completion of the sale, the executive vice president owned 167,116 shares in the company, valued at approximately $18,638,447.48. This trade represents a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 44,869 shares of company stock worth $5,005,620. 0.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CSCO has been the topic of several analyst reports. Sanford C. Bernstein started coverage on shares of Cisco Systems in a research note on Wednesday, September 30th. They set a "market perform" rating and a $110.00 price target on the stock. UBS Group upped their price objective on shares of Cisco Systems from $132.00 to $138.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Freedom Capital raised shares of Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Weiss Ratings restated a "buy (b)" rating on shares of Cisco Systems in a research note on Wednesday, August 26th. Finally, Zacks Research raised Cisco Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $128.52.

Cisco Systems Company Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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