Cisco Systems, Inc. $CSCO Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P reduced its holdings in Cisco Systems by 8.6% in the first quarter, selling 60,449 shares, leaving them with 643,949 shares valued at approximately $39.7 million.
• Goldman Sachs Group Inc. increased its stake significantly by 37.4%, acquiring an additional 12.8 million shares, now owning a total of 46.97 million shares worth nearly $2.9 billion.
• Cisco Systems reported earnings of $0.99 per share for the last quarter, beating expectations, with revenue achieving $14.67 billion, a 7.6% increase from the previous year.

Martingale Asset Management L P lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 643,949 shares of the network equipment provider's stock after selling 60,449 shares during the quarter. Cisco Systems makes up about 1.0% of Martingale Asset Management L P's holdings, making the stock its 18th largest position. Martingale Asset Management L P's holdings in Cisco Systems were worth $39,738,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Cisco Systems by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after purchasing an additional 12,775,066 shares in the last quarter. Nuveen LLC acquired a new stake in Cisco Systems during the 1st quarter worth $750,495,000. Pacer Advisors Inc. boosted its stake in Cisco Systems by 1,144.2% in the first quarter. Pacer Advisors Inc. now owns 8,120,886 shares of the network equipment provider's stock valued at $501,140,000 after acquiring an additional 7,468,212 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Cisco Systems during the fourth quarter worth about $413,491,000. Finally, GAMMA Investing LLC increased its position in shares of Cisco Systems by 7,096.5% during the first quarter. GAMMA Investing LLC now owns 6,718,402 shares of the network equipment provider's stock worth $414,593,000 after purchasing an additional 6,625,045 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cisco Systems

In other Cisco Systems news, CFO Richard Scott Herren sold 15,678 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.52, for a total value of $1,027,222.56. Following the sale, the chief financial officer owned 309,543 shares of the company's stock, valued at $20,281,257.36. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeetendra I. Patel sold 9,061 shares of the firm'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 transaction of $603,462.60. Following the transaction, the insider directly owned 237,405 shares of the company's stock, valued at approximately $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,118 shares of company stock valued at $8,847,167 in the last quarter. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Up 0.5%

Shares of NASDAQ:CSCO opened at $67.11 on Thursday. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $68.09 and its 200-day simple moving average is $63.47. The company has a market cap of $265.76 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.84 and a beta of 0.91.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.02%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, equities research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is 62.60%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CSCO shares. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $65.00 to $73.00 in a research note on Monday, June 16th. Morgan Stanley increased their price objective on Cisco Systems from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Citigroup raised their target price on shares of Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Wolfe Research assumed coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has a consensus 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.

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