EP Wealth Advisors LLC Lowers Stake in Cisco Systems, Inc. $CSCO

Key Points

• EP Wealth Advisors LLC decreased its stake in Cisco Systems, Inc. by 4.1% in the first quarter, selling 50,187 shares and retaining approximately $72.83 million in holdings.
• Several institutional investors, including Vanguard and Goldman Sachs, have recently increased their positions in Cisco, highlighting ongoing confidence in the company's prospects.
• Cisco Systems reported better-than-expected quarterly earnings, with a net revenue increase of 7.6% year-over-year and earnings per share of $0.99, beating estimates by $0.01.

EP Wealth Advisors LLC lessened its position in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,180,257 shares of the network equipment provider's stock after selling 50,187 shares during the period. EP Wealth Advisors LLC's holdings in Cisco Systems were worth $72,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CSCO. Vanguard Group Inc. boosted its position in shares of Cisco Systems by 0.5% in the first quarter. Vanguard Group Inc. now owns 388,949,854 shares of the network equipment provider's stock worth $24,002,095,000 after buying an additional 1,865,648 shares during the period. Invesco Ltd. boosted its position in shares of Cisco Systems by 10.4% in the first quarter. Invesco Ltd. now owns 47,117,146 shares of the network equipment provider's stock worth $2,907,599,000 after buying an additional 4,437,450 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Cisco Systems by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 46,973,293 shares of the network equipment provider's stock worth $2,898,722,000 after buying an additional 12,775,066 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cisco Systems by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,471,275 shares of the network equipment provider's stock worth $2,159,099,000 after buying an additional 2,637,006 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Cisco Systems by 2.3% in the first quarter. Deutsche Bank AG now owns 15,986,020 shares of the network equipment provider's stock worth $986,497,000 after buying an additional 353,377 shares during the period. Hedge funds and other institutional investors own 73.33% of the company's stock.

Insider Activity

In other Cisco Systems news, SVP Maria Victoria Wong sold 3,162 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $67.28, for a total transaction of $212,739.36. Following the sale, the senior vice president owned 31,468 shares in the company, valued at $2,117,167.04. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $651,547.80. Following the sale, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. The trade was a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,095 shares of company stock valued at $7,841,167 over the last three months. Company insiders own 0.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CSCO shares. Evercore ISI upped their target price 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. William Blair raised Cisco Systems to a "hold" rating in a research report on Thursday, August 14th. Citigroup upped their target price on Cisco Systems from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded Cisco Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, UBS Group upped their target price on Cisco Systems from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $74.53.

Cisco Systems Trading Down 0.5%

Shares of CSCO opened at $69.09 on Tuesday. The company has a market capitalization of $273.60 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.93 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 debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a 50-day moving average price of $68.50 and a 200 day moving average price of $63.80.

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, beating analysts' consensus estimates of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% and a net margin of 18.45%.The firm had revenue of $14.67 billion during the quarter, compared to the consensus estimate of $14.63 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. Cisco Systems's revenue for the quarter 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. Sell-side analysts forecast that Cisco Systems, Inc. will post 3.04 EPS for the current fiscal year.

Cisco Systems Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, October 3rd. This represents a $1.64 annualized dividend and a yield of 2.4%. Cisco Systems's dividend 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.

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