Cisco Systems, Inc. $CSCO Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC has reduced its stake in Cisco Systems by 23.0%, selling 21,045 shares and retaining 70,360 shares valued at approximately $4.88 million.
• Cisco Systems reported a 7.6% increase in quarterly revenue year-over-year, totaling $14.67 billion, with earnings per share exceeding analysts' expectations.
• The company has announced a quarterly dividend of $0.41 per share, resulting in a dividend yield of 2.4%, with a payout ratio of 62.60%.

Prime Capital Investment Advisors LLC cut its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 23.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,360 shares of the network equipment provider's stock after selling 21,045 shares during the period. Prime Capital Investment Advisors LLC's holdings in Cisco Systems were worth $4,882,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its position in Cisco Systems by 0.7% in the first quarter. Kornitzer Capital Management Inc. KS now owns 892,064 shares of the network equipment provider's stock worth $55,049,000 after acquiring an additional 6,501 shares during the period. Golden State Wealth Management LLC grew 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 worth $389,000 after purchasing an additional 612 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Cisco Systems by 255.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,819,547 shares of the network equipment provider's stock worth $482,509,000 after purchasing an additional 5,622,672 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Cisco Systems by 28.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,037,909 shares of the network equipment provider's stock valued at $249,180,000 after buying an additional 904,548 shares during the period. Finally, Banque Pictet & Cie SA lifted its position in Cisco Systems by 1.0% in the second quarter. Banque Pictet & Cie SA now owns 55,168 shares of the network equipment provider's stock valued at $3,813,000 after buying an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Cisco Systems Stock Performance

Shares of CSCO opened at $68.91 on Tuesday. Cisco Systems, Inc. has a 1 year low of $52.11 and a 1 year high of $72.55. The stock has a market capitalization of $272.42 billion, a PE ratio of 26.30, a PEG ratio of 2.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50-day simple moving average of $68.12 and a 200-day simple moving average of $64.68.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share for the quarter, topping 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 firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. On average, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Announces Dividend

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

Insider Activity

In related news, EVP Thimaya K. Subaiya sold 7,511 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.84, for a total value of $502,035.24. Following the transaction, the executive vice president owned 161,467 shares of the company's stock, valued at $10,792,454.28. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of Cisco Systems stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $67.95, for a total value of $1,190,891.70. Following the sale, the executive vice president directly owned 198,855 shares of the company's stock, valued at $13,512,197.25. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,965 shares of company stock valued at $5,559,996. Insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Cisco Systems in a research report on Saturday, September 27th. Wells Fargo & Company lifted their price objective on Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Barclays boosted their price objective on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.53.

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.

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