Cisco Systems, Inc. $CSCO Stock Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden reduced its Cisco stake by 11.2% in the third quarter, selling 128,407 shares; it retained 1,019,125 shares valued at about $109.7 million.
• Cisco reported quarterly earnings of $1.22 per share and revenue of $17.25 billion, beating analyst estimates; revenue increased 17.6% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $128.52. Cisco’s quarterly dividend was $0.42 per share, equivalent to a 1.6% yield at the cited share price.

Boston Trust Walden Corp cut its holdings in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,019,125 shares of the network equipment provider's stock after selling 128,407 shares during the period. Cisco Systems comprises 0.9% of Boston Trust Walden Corp's holdings, making the stock its 20th largest holding. Boston Trust Walden Corp's holdings in Cisco Systems were worth $109,688,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Cisco Systems in the second quarter worth about $42,129,647,000. State Street Corp increased its stake in Cisco Systems by 7.0% during the second quarter. State Street Corp now owns 207,106,569 shares of the network equipment provider's stock worth $25,278,492,000 after acquiring an additional 13,512,872 shares during the last quarter. Bank of America Corp DE bought a new stake in Cisco Systems during the second quarter worth approximately $5,892,379,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cisco Systems by 2.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 43,450,141 shares of the network equipment provider's stock valued at $5,103,654,000 after purchasing an additional 1,143,106 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Cisco Systems during the second quarter valued at approximately $4,714,574,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Thimaya Subaiya sold 5,832 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.47, for a total transaction of $650,093.04. Following the transaction, the executive vice president owned 128,382 shares of the company's stock, valued at approximately $14,310,741.54. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deborah Stahlkopf sold 6,487 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $111.53, for a total value of $723,495.11. Following the completion of the sale, the executive vice president owned 167,116 shares in the company, valued at approximately $18,638,447.48. The trade was a 3.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 44,869 shares of company stock valued at $5,005,620. 0.01% of the stock is currently owned by corporate insiders.

Cisco Systems Price Performance

CSCO stock opened at $103.61 on Thursday. The stock has a market cap of $408.49 billion, a PE ratio of 31.02, a P/E/G ratio of 2.14 and a beta of 1.01. Cisco Systems, Inc. has a 12 month low of $70.54 and a 12 month high of $130.37. The company has a 50-day moving average price of $109.52 and a 200 day moving average price of $101.42. The company has a current ratio of 0.93, a quick ratio of 0.79 and a debt-to-equity ratio of 0.39.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The network equipment provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. Cisco Systems had a net margin of 20.95% and a return on equity of 30.16%. The company had revenue of $17.25 billion for the quarter, compared to analyst estimates of $16.84 billion. During the same period in the prior year, the company posted $0.99 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Cisco Systems has set its FY 2027 guidance at 5.050-5.110 EPS and its Q1 2027 guidance at 1.320-1.340 EPS. Equities research analysts anticipate that Cisco Systems, Inc. will post 4.42 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.6%. Cisco Systems's dividend payout ratio is currently 50.30%.

Analyst Ratings Changes

CSCO has been the subject of several analyst reports. Sanford C. Bernstein assumed coverage on Cisco Systems in a research note on Wednesday, September 30th. They issued a "market perform" rating and a $110.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Cisco Systems in a research report on Wednesday, August 26th. KeyCorp increased their price target on Cisco Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Truist Financial increased their price target on Cisco Systems from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Cisco Systems in a research report on Tuesday, September 1st. They issued a "buy" rating and a $135.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.52.

Cisco Systems Profile

Cisco Systems, Inc is a global technology company that develops networking, cybersecurity, collaboration and observability solutions for businesses, government organizations and service providers. Its offerings include routers, switches, wireless networking equipment, data-center infrastructure, security software and services, as well as technologies that support cloud and hybrid IT environments.

The company also provides collaboration tools through its Webex portfolio, cloud-managed networking through Cisco Meraki and security and observability capabilities that include technologies from Splunk, which Cisco acquired in 2024.

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