Cisco Systems, Inc. $CSCO Stock Holdings Reduced by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC reduced its stake in Cisco Systems by 12.6%, now holding 508,109 shares valued at approximately $35.25 million.
• Cisco reported $0.99 EPS for the last quarter, surpassing analyst expectations and showing a year-over-year revenue increase of 7.6% to $14.67 billion.
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.4%, set to be paid on October 22nd.

Applied Finance Capital Management LLC lessened its stake in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,109 shares of the network equipment provider's stock after selling 73,040 shares during the quarter. Cisco Systems comprises about 2.4% of Applied Finance Capital Management LLC's holdings, making the stock its 8th biggest holding. Applied Finance Capital Management LLC's holdings in Cisco Systems were worth $35,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Oxbow Advisors LLC raised its stake in Cisco Systems by 8.0% during the 2nd quarter. Oxbow Advisors LLC now owns 7,654 shares of the network equipment provider's stock worth $531,000 after acquiring an additional 568 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Cisco Systems by 1.8% during the second quarter. Nordea Investment Management AB now owns 21,341,310 shares of the network equipment provider's stock worth $1,477,992,000 after purchasing an additional 378,494 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Cisco Systems during the second quarter worth about $72,000. Hourglass Capital LLC lifted its holdings in shares of Cisco Systems by 7.6% in the 2nd quarter. Hourglass Capital LLC now owns 161,027 shares of the network equipment provider's stock valued at $11,172,000 after purchasing an additional 11,340 shares during the last quarter. Finally, Evernest Financial Advisors LLC boosted its position in shares of Cisco Systems by 8.6% in the 2nd quarter. Evernest Financial Advisors LLC now owns 16,762 shares of the network equipment provider's stock valued at $1,163,000 after purchasing an additional 1,323 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

Cisco Systems Stock Down 0.6%

Shares of Cisco Systems stock opened at $69.09 on Friday. Cisco Systems, Inc. has a one year low of $52.11 and a one year high of $72.55. The company has a market cap of $273.13 billion, a P/E ratio of 26.37, a PEG ratio of 2.93 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 firm has a fifty day moving average of $68.23 and a two-hundred day moving average of $65.06.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly 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. The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, analysts forecast 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. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio is 62.60%.

Insiders Place Their Bets

In related news, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $66.78, for a total value of $116,464.32. Following the sale, the executive vice president directly owned 158,009 shares in the company, valued at $10,551,841.02. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Robbins sold 30,557 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.63, for a total value of $2,036,012.91. Following the completion of the transaction, the chief executive officer owned 639,000 shares of the company's stock, valued at $42,576,570. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,965 shares of company stock worth $5,559,996. Corporate insiders own 0.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cisco Systems in a research report on Wednesday, October 8th. Piper Sandler lifted their target price on shares of Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Cisco Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Wells Fargo & Company lifted their price objective on shares of Cisco Systems from $75.00 to $83.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Cisco Systems has a consensus rating of "Moderate Buy" and an average target price of $74.72.

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.

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