Venture Visionary Partners LLC Trims Holdings in Cisco Systems, Inc. $CSCO

Key Points

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Venture Visionary Partners LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,773 shares of the network equipment provider's stock after selling 84,933 shares during the quarter. Venture Visionary Partners LLC's holdings in Cisco Systems were worth $5,787,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Cisco Systems by 0.5% during the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after purchasing an additional 1,865,648 shares in the last quarter. Northern Trust Corp increased its stake in Cisco Systems by 11.4% in the fourth quarter. Northern Trust Corp now owns 47,238,258 shares of the network equipment provider's stock valued at $2,796,505,000 after purchasing an additional 4,832,813 shares during the last quarter. Invesco Ltd. increased its stake in Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock valued at $2,907,599,000 after purchasing an additional 4,437,450 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock valued at $2,898,722,000 after purchasing an additional 12,775,066 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cisco Systems by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock valued at $2,159,099,000 after purchasing an additional 2,637,006 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CSCO shares. Wells Fargo & Company raised their target price on shares of Cisco Systems from $75.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Wolfe Research started coverage on shares of Cisco Systems in a research report on Tuesday, July 8th. They set a "peer perform" rating on the stock. Evercore ISI boosted 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 report on Thursday, August 14th. CICC Research started coverage on Cisco Systems in a research note on Monday, July 14th. They set an "outperform" rating and a $78.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $74.53.

Insider Buying and Selling at Cisco Systems

In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the company'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 value of $651,547.80. Following the completion of the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Maria Victoria Wong sold 475 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $68.61, for a total value of $32,589.75. Following the completion of the transaction, the senior vice president owned 34,630 shares of the company's stock, valued at approximately $2,375,964.30. This represents a 1.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,118 shares of company stock worth $8,847,167. Company insiders own 0.01% of the company's stock.

Cisco Systems Trading Up 0.4%

Shares of NASDAQ CSCO traded up $0.30 on Friday, reaching $67.32. 16,408,498 shares of the company traded hands, compared to its average volume of 21,495,973. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a fifty-two week low of $47.85 and a fifty-two week high of $72.55. The stock has a market capitalization of $266.59 billion, a PE ratio of 25.69, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a 50 day moving average of $68.13 and a 200 day moving average of $63.51.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. 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, equities research analysts forecast that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

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

Cisco Systems Company 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.