USS Investment Management Ltd Sells 299,538 Shares of Cisco Systems, Inc. $CSCO

Key Points

• USS Investment Management Ltd has reduced its stake in Cisco Systems by 30.8%, selling 299,538 shares and now holding 671,435 shares valued at approximately $41.4 million.
• Cisco reported a 7.6% year-over-year revenue increase for its latest quarter, with earnings per share of $0.99, surpassing analyst expectations of $0.98.
• The company declared a quarterly dividend of $0.41 per share, representing an annualized payout of $1.64 and a dividend yield of 2.5%.

USS Investment Management Ltd trimmed its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 30.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 671,435 shares of the network equipment provider's stock after selling 299,538 shares during the quarter. USS Investment Management Ltd's holdings in Cisco Systems were worth $41,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CSCO. Mpwm Advisory Solutions LLC purchased a new stake in Cisco Systems during the fourth quarter valued at about $26,000. JDM Financial Group LLC lifted 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 valued at $29,000 after buying an additional 300 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Cisco Systems in the first quarter worth approximately $31,000. Fairway Wealth LLC lifted its position 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 purchasing an additional 400 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in shares of Cisco Systems in the first quarter worth approximately $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cisco Systems

In related news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $66.60, for a total transaction of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares of the company's stock, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Robbins sold 30,557 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total transaction of $2,036,012.91. Following the transaction, the chief executive officer directly owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,311 shares of company stock valued at $5,916,823 in the last three months. 0.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup increased their price target 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. Morgan Stanley increased their price target on shares of Cisco Systems from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. HSBC reissued a "hold" rating and issued a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. Piper Sandler increased their price target on shares of Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $87.00 price objective on shares of Cisco Systems in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.53.

Cisco Systems Stock Performance

CSCO stock traded up $0.46 during midday trading on Tuesday, hitting $67.34. 11,636,043 shares of the company traded hands, compared to its average volume of 21,160,891. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The stock has a market capitalization of $266.21 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49. The business has a 50 day simple moving average of $68.39 and a 200-day simple moving average of $63.90.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last released its quarterly earnings results 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The company had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The company'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. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems's payout ratio 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.