Cisco Systems, Inc. $CSCO Shares Sold by Wallace Advisory Group LLC

Key Points

• Wallace Advisory Group LLC reduced its stake in Cisco Systems by 24.8% in Q2, now holding 14,776 shares valued at approximately $1,025,000.
• Securities insiders have sold a total of 82,965 shares of Cisco Systems stock over the last 90 days, indicating notable insider trading activity.
• Cisco Systems declared a quarterly dividend of $0.41 per share, with the ex-dividend date set for October 3rd, representing an annual yield of 2.3%.

Wallace Advisory Group LLC lessened its stake in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 24.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,776 shares of the network equipment provider's stock after selling 4,885 shares during the quarter. Wallace Advisory Group LLC's holdings in Cisco Systems were worth $1,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CSCO. Financial Connections Group Inc. grew its position in Cisco Systems by 89.4% in the second quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after acquiring an additional 193 shares during the period. Pandora Wealth Inc. purchased a new position in Cisco Systems in the first quarter worth approximately $31,000. Nova Wealth Management Inc. purchased a new position in Cisco Systems in the first quarter worth approximately $31,000. Brown Shipley& Co Ltd purchased a new position in shares of Cisco Systems during the second quarter worth $32,000. Finally, Fairway Wealth LLC boosted its position in shares of Cisco Systems by 224.7% during the first quarter. Fairway Wealth LLC now owns 578 shares of the network equipment provider's stock worth $36,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 73.33% of the company's stock.

Insider Buying and Selling

In other Cisco Systems news, SVP Maria Victoria Wong sold 428 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $68.25, for a total value of $29,211.00. Following the sale, the senior vice president directly owned 30,619 shares in the company, valued at $2,089,746.75. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oliver Tuszik sold 17,526 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $67.95, for a total value of $1,190,891.70. Following the completion of the sale, the executive vice president owned 198,855 shares in the company, valued at approximately $13,512,197.25. This represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,965 shares of company stock valued at $5,559,996 over the last 90 days. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Stock Up 0.7%

Shares of NASDAQ CSCO opened at $70.65 on Tuesday. The stock has a market cap of $279.29 billion, a P/E ratio of 26.97, a PEG ratio of 2.95 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. Cisco Systems, Inc. has a 12-month low of $52.11 and a 12-month high of $72.55. The business's fifty day simple moving average is $68.20 and its 200-day simple moving average is $65.31.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period 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 analysts predict that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be paid a $0.41 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. William Blair upgraded Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Piper Sandler raised their price target on Cisco Systems from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Bank of America raised their price target on Cisco Systems from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen lowered Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, HSBC restated a "hold" rating and set a $69.00 price target on shares of Cisco Systems in a research report on Friday, August 15th. One investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.72.

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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