InvesTrust Decreases Position in Cisco Systems, Inc. $CSCO

Key Points

• InvesTrust reduced its stake in Cisco Systems by 49.3%, ending the second quarter with 52,681 shares worth approximately $3.65 million, making it the firm’s 25th largest holding.
• Cisco reported $0.99 earnings per share for its most recent quarter, exceeding analysts' expectations of $0.98, along with a revenue of $14.67 billion, up 7.6% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, with a payout date set for October 22nd, reflecting an annualized yield of 2.5%.

InvesTrust trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 49.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,681 shares of the network equipment provider's stock after selling 51,251 shares during the period. Cisco Systems makes up about 1.4% of InvesTrust's portfolio, making the stock its 25th biggest position. InvesTrust's holdings in Cisco Systems were worth $3,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSCO. Kornitzer Capital Management Inc. KS grew 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 purchasing an additional 6,501 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Cisco Systems by 10.8% during the 1st quarter. Golden State Wealth Management LLC now owns 6,298 shares of the network equipment provider's stock valued at $389,000 after purchasing an additional 612 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of 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 worth $482,509,000 after acquiring an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Cisco Systems by 28.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock worth $249,180,000 after purchasing an additional 904,548 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Cisco Systems by 2.6% during the 1st quarter. IFP Advisors Inc now owns 111,510 shares of the network equipment provider's stock valued at $6,882,000 after buying an additional 2,839 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Cisco Systems Trading Up 0.7%

Cisco Systems stock traded up $0.49 during midday trading on Monday, reaching $67.02. 16,200,069 shares of the stock traded hands, compared to its average volume of 15,657,842. The firm has a market cap of $264.94 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $68.24 and a two-hundred day simple moving average of $64.00. Cisco Systems, Inc. has a 12-month low of $49.78 and a 12-month high of $72.55.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. Research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share 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. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is 62.60%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays increased their target price on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Piper Sandler upped 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. Morgan Stanley increased their price target on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Hsbc Global Res cut Cisco Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, CICC Research initiated coverage on Cisco Systems in a report on Monday, July 14th. They set an "outperform" rating and a $78.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.53.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $66.78, for a total value of $116,464.32. Following the completion of the transaction, the executive vice president owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 2,718 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $68.08, for a total transaction of $185,041.44. Following the completion of the sale, the executive vice president directly owned 157,184 shares in the company, valued at approximately $10,701,086.72. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,843 shares of company stock valued at $5,968,229. 0.01% of the stock is owned by company 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.