Curi RMB Capital LLC decreased its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 34.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,890 shares of the network equipment provider's stock after selling 6,358 shares during the quarter. Curi RMB Capital LLC's holdings in Cisco Systems were worth $734,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC boosted its holdings in Cisco Systems by 2.9% in the first quarter. Ashton Thomas Securities LLC now owns 5,654 shares of the network equipment provider's stock worth $349,000 after acquiring an additional 159 shares in the last quarter. Legacy Financial Group Inc. boosted its holdings in Cisco Systems by 3.4% in the fourth quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after acquiring an additional 169 shares in the last quarter. Avalon Trust Co boosted its holdings in Cisco Systems by 5.4% in the first quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock worth $212,000 after acquiring an additional 177 shares in the last quarter. Rossmore Private Capital boosted its holdings in Cisco Systems by 0.3% in the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock worth $4,272,000 after acquiring an additional 181 shares in the last quarter. Finally, GSG Advisors LLC lifted its holdings in shares of Cisco Systems by 4.8% in the first quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock valued at $234,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 73.33% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. CICC Research assumed coverage on Cisco Systems in a report on Monday, July 14th. They issued an "outperform" rating and a $78.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and raised their target price for the company from $65.00 to $73.00 in a report on Monday, June 16th. JPMorgan Chase & Co. raised their target price on Cisco Systems from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. UBS Group raised their target price on Cisco Systems from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Evercore ISI upped their price objective on shares of Cisco Systems from $72.00 to $74.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.53.
Read Our Latest Stock Analysis on Cisco Systems
Cisco Systems Stock Performance
Cisco Systems stock traded down $1.09 during mid-day trading on Friday, reaching $66.90. 21,048,179 shares of the company's stock were exchanged, compared to its average volume of 20,291,668. The business's fifty day simple moving average is $68.44 and its 200 day simple moving average is $63.88. The firm has a market capitalization of $264.47 billion, a PE ratio of 25.53, a P/E/G ratio of 2.81 and a beta of 0.99. Cisco Systems, Inc. has a one year low of $47.85 and a one year high of $72.55. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.
Cisco Systems (NASDAQ:CSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.The business had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. During the same period last year, the company posted $0.87 earnings per share. Cisco Systems's quarterly revenue was up 7.6% compared to the same quarter last year. 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, sell-side analysts expect that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.
Cisco Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 3rd. Cisco Systems's dividend payout ratio (DPR) is currently 62.60%.
Insiders Place Their Bets
In other Cisco Systems news, EVP Deborah L. Stahlkopf sold 9,783 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the completion of the sale, the executive vice president directly owned 161,662 shares of the company's stock, valued at $10,766,689.20. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thimaya K. Subaiya sold 7,511 shares of the company'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 sale, the executive vice president owned 161,467 shares in the company, valued at $10,792,454.28. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,311 shares of company stock valued at $5,916,823. Company insiders own 0.01% of the company's stock.
About Cisco Systems
(
Free Report)
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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