Claris Advisors LLC MO Cuts Stake in Cisco Systems, Inc. $CSCO

Key Points

• Claris Advisors LLC MO cut its stake in Cisco Systems, Inc. by 38.3% during the second quarter, reducing its holdings to 7,028 shares worth approximately $488,000.
• Several hedge funds have adjusted their investments in Cisco, with Janney Montgomery Scott LLC increasing its stake by 6.7% to 1,862,278 shares valued at $129.2 million.
• Cisco's stock has received favorable updates from analysts, with targets revised upwards by firms such as Evercore ISI and Wells Fargo, reflecting a consensus rating of "Moderate Buy" and an average price target of $74.53.

Claris Advisors LLC MO reduced its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 38.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,028 shares of the network equipment provider's stock after selling 4,359 shares during the quarter. Claris Advisors LLC MO's holdings in Cisco Systems were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in shares of Cisco Systems by 6.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,862,278 shares of the network equipment provider's stock valued at $129,205,000 after purchasing an additional 117,416 shares in the last quarter. Elser Financial Planning Inc purchased a new position in Cisco Systems during the second quarter valued at approximately $327,000. Cyr Financial Inc. raised its stake in Cisco Systems by 30.6% in the second quarter. Cyr Financial Inc. now owns 14,506 shares of the network equipment provider's stock worth $1,006,000 after buying an additional 3,396 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its holdings in Cisco Systems by 7.8% during the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 5,284 shares of the network equipment provider's stock worth $367,000 after buying an additional 382 shares during the period. Finally, Archford Capital Strategies LLC boosted its position in Cisco Systems by 2.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 16,561 shares of the network equipment provider's stock valued at $1,149,000 after acquiring an additional 390 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CSCO shares. Evercore ISI boosted their price target on Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Cisco Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $73.00 in a report on Monday, June 16th. Morgan Stanley lifted their price objective 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. Rosenblatt Securities reissued a "buy" rating and set a $87.00 target price on shares of Cisco Systems in a research report on Thursday, August 14th. Finally, Wells Fargo & Company raised their target price 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Insiders Place Their Bets

In other Cisco Systems news, EVP Thimaya K. Subaiya sold 7,511 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.84, for a total transaction of $502,035.24. Following the completion of the transaction, the executive vice president directly owned 161,467 shares of the company's stock, valued at approximately $10,792,454.28. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeetendra I. Patel sold 9,061 shares of the company'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 $603,462.60. Following the completion of the sale, the insider directly owned 237,405 shares in the company, valued at $15,811,173. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,965 shares of company stock valued at $5,559,996. Insiders own 0.01% of the company's stock.

Cisco Systems Stock Up 0.7%

NASDAQ:CSCO opened at $67.72 on Tuesday. 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 twelve month low of $52.11 and a twelve month high of $72.55. The company has a market cap of $267.71 billion, a PE ratio of 25.85, a P/E/G ratio of 2.83 and a beta of 0.99. The company's 50 day moving average is $68.11 and its two-hundred day moving average is $64.41.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted 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. Cisco Systems had a net margin of 18.45% and a return on equity of 27.06%. The business had revenue of $14.67 billion during the quarter, compared to analysts' expectations of $14.63 billion. During the same quarter last year, the company posted $0.87 earnings per share. The business's quarterly revenue 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. Analysts anticipate that Cisco Systems, Inc. will post 3.04 EPS for the current year.

Cisco Systems Dividend Announcement

The company 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 dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 3rd. 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.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.