Neville Rodie & Shaw Inc. Reduces Stock Position in Cisco Systems, Inc. $CSCO

Key Points

• Neville Rodie & Shaw Inc. has reduced its stake in Cisco Systems by 16.4%, now holding 21,477 shares valued at approximately $1.49 million after selling 4,200 shares in the second quarter.
• Cisco Systems reported earnings of $0.99 per share for the recent quarter, surpassing estimates, with revenue increasing by 7.6% year-over-year to $14.67 billion.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized yield of 2.5%, with the payment date set for October 22nd.

Neville Rodie & Shaw Inc. reduced its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 16.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,477 shares of the network equipment provider's stock after selling 4,200 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Cisco Systems were worth $1,490,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at $26,000. JDM Financial Group LLC grew its stake in Cisco Systems by 160.4% during the fourth quarter. JDM Financial Group LLC now owns 487 shares of the network equipment provider's stock worth $29,000 after buying an additional 300 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in Cisco Systems during the first quarter worth about $31,000. Nova Wealth Management Inc. acquired a new stake in Cisco Systems during the first quarter worth about $31,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Cisco Systems by 224.7% in the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after acquiring an additional 400 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,744 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $66.78, for a total transaction 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 position. The transaction 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 company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.08, for a total value of $185,041.44. Following the completion of the sale, the executive vice president owned 157,184 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 89,843 shares of company stock worth $5,968,229. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

CSCO has been the subject of a number of research reports. HSBC reiterated a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. William Blair upgraded shares of Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $65.00 to $73.00 in a research report on Monday, June 16th. Wall Street Zen downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, Piper Sandler boosted their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Cisco Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Stock Up 0.7%

Shares of NASDAQ:CSCO traded up $0.49 on Monday, hitting $67.02. 16,200,069 shares of the company traded hands, compared to its average volume of 21,060,037. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 52 week low of $49.78 and a 52 week high of $72.55. The company has a market cap of $264.94 billion, a PE ratio of 25.58, a PEG ratio of 2.80 and a beta of 0.99. The stock has a 50 day simple moving average of $68.24 and a 200-day simple moving average of $64.00.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The business had revenue of $14.67 billion for the quarter, compared to analysts' expectations of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period 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. As a group, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

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

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.