Easterly Investment Partners LLC Sells 7,451 Shares of Cisco Systems, Inc. $CSCO

Key Points

• Easterly Investment Partners LLC reduced its stake in Cisco Systems by 1.9%, now holding 388,798 shares valued at approximately $26.97 million.
• Cisco's recent quarterly earnings showed an EPS of $0.99, exceeding analyst expectations, and a 7.6% increase in revenue year-over-year, reaching $14.67 billion.
• The company declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.4%, set to be paid on October 22.

Easterly Investment Partners LLC cut its position in Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,798 shares of the network equipment provider's stock after selling 7,451 shares during the quarter. Cisco Systems makes up 1.9% of Easterly Investment Partners LLC's investment portfolio, making the stock its 4th biggest holding. Easterly Investment Partners LLC's holdings in Cisco Systems were worth $26,975,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Postrock Partners LLC boosted its position in shares of Cisco Systems by 4.5% in the second quarter. Postrock Partners LLC now owns 3,480 shares of the network equipment provider's stock worth $241,000 after buying an additional 150 shares during the period. Mount Vernon Associates Inc. MD increased its stake in Cisco Systems by 0.4% in the 2nd quarter. Mount Vernon Associates Inc. MD now owns 41,379 shares of the network equipment provider's stock valued at $2,871,000 after buying an additional 150 shares during the period. Lion Street Advisors LLC lifted its position in Cisco Systems by 0.7% in the 2nd quarter. Lion Street Advisors LLC now owns 20,694 shares of the network equipment provider's stock worth $1,436,000 after buying an additional 152 shares in the last quarter. Pacifica Partners Inc. grew its holdings in shares of Cisco Systems by 0.5% during the 2nd quarter. Pacifica Partners Inc. now owns 34,060 shares of the network equipment provider's stock valued at $2,338,000 after acquiring an additional 155 shares in the last quarter. Finally, Pacific Sage Partners LLC increased its stake in shares of Cisco Systems by 0.9% in the second quarter. Pacific Sage Partners LLC now owns 16,746 shares of the network equipment provider's stock worth $1,162,000 after acquiring an additional 156 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Cisco Systems Price Performance

Shares of NASDAQ:CSCO opened at $69.09 on Friday. The company has a market cap of $273.13 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.93 and a beta of 0.97. The business has a 50 day moving average price of $68.23 and a 200 day moving average price of $65.06. 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, Inc. has a twelve month low of $52.11 and a twelve month high of $72.55.

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 company had revenue of $14.67 billion during the quarter, compared to analyst estimates of $14.63 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The company'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. Research analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.4%. Cisco Systems's payout ratio is presently 62.60%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CSCO shares. Barclays boosted their target price on Cisco Systems from $66.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Morgan Stanley boosted their price target on Cisco Systems from $73.00 to $77.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Evercore ISI raised their price objective 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. Rosenblatt Securities restated a "buy" rating and set a $87.00 price target on shares of Cisco Systems in a research note on Thursday, August 14th. Finally, Wolfe Research started coverage on shares of Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.72.

Insider Buying and Selling at Cisco Systems

In other news, EVP Deborah L. Stahlkopf sold 9,783 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $651,547.80. Following the sale, the executive vice president directly owned 161,662 shares in the company, valued at approximately $10,766,689.20. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thimaya K. Subaiya sold 7,511 shares of Cisco Systems stock in a transaction on Wednesday, August 20th. The stock was 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. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,965 shares of company stock valued at $5,559,996 in the last three months. Company insiders own 0.01% of the company's stock.

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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