Clifford Swan Investment Counsel LLC Trims Stock Holdings in Cisco Systems, Inc. $CSCO

Clifford Swan Investment Counsel LLC lowered its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 374,918 shares of the network equipment provider's stock after selling 6,869 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Cisco Systems were worth $26,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSCO. Financial Connections Group Inc. increased its stake in Cisco Systems by 89.4% in the 2nd quarter. Financial Connections Group Inc. now owns 409 shares of the network equipment provider's stock worth $28,000 after buying an additional 193 shares during the period. Pandora Wealth Inc. bought a new position in Cisco Systems in the 1st quarter worth about $31,000. Nova Wealth Management Inc. purchased a new position in shares of Cisco Systems during 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 approximately $32,000. Finally, Fairway Wealth LLC raised its stake 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 valued at $36,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In related news, CEO Charles Robbins sold 30,557 shares of the company's 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 transaction, the chief executive officer directly owned 639,000 shares of the company's stock, valued at $42,576,570. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thimaya K. Subaiya sold 1,744 shares of Cisco Systems stock in a transaction dated 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 of the company's stock, valued at approximately $10,551,841.02. This represents a 1.09% 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 valued at $5,559,996. 0.01% of the stock is owned by corporate insiders.

Cisco Systems Stock Down 0.1%

Shares of CSCO stock opened at $70.66 on Thursday. The stock's fifty day moving average price is $68.19 and its 200 day moving average price is $65.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.91. Cisco Systems, Inc. has a 1-year low of $52.11 and a 1-year high of $72.55. The company has a market cap of $279.33 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97.

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 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 return on equity of 27.06% and a net margin of 18.45%.The company's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous 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. On average, research analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, October 3rd. Cisco Systems's payout ratio is presently 62.60%.

Analyst Ratings Changes

A number of brokerages have weighed in on CSCO. CICC Research began coverage on Cisco Systems in a research report on Monday, July 14th. They set an "outperform" rating and a $78.00 target price for the company. KeyCorp initiated coverage on Cisco Systems in a report on Thursday, June 26th. They issued an "overweight" rating and a $77.00 price objective for the company. Evercore ISI raised their target price on shares of Cisco Systems from $72.00 to $74.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. Barclays boosted their price target on shares of Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective 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. According to data from MarketBeat, Cisco Systems has an average rating of "Moderate Buy" and an average price target 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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