Cisco Systems, Inc. $CSCO Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Cisco Systems, Inc. by 4.7%, now holding approximately 2.16 million shares valued at $133.3 million.
• Cisco reported a quarterly earnings per share of $0.99, exceeding analysts' expectations, with revenue of $14.67 billion, a 7.6% increase from the previous year.
• The company declared a quarterly dividend of $0.41 per share, reflecting an annualized dividend yield of 2.4%.

Epoch Investment Partners Inc. trimmed its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,159,764 shares of the network equipment provider's stock after selling 105,636 shares during the period. Epoch Investment Partners Inc. owned about 0.05% of Cisco Systems worth $133,279,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Financial Group Inc. boosted its holdings in shares of Cisco Systems by 3.4% in the 4th quarter. Legacy Financial Group Inc. now owns 5,100 shares of the network equipment provider's stock worth $302,000 after purchasing an additional 169 shares during the period. Capital Advantage Inc. increased its stake in Cisco Systems by 1.0% in the fourth quarter. Capital Advantage Inc. now owns 17,361 shares of the network equipment provider's stock worth $1,028,000 after purchasing an additional 172 shares during the period. Avalon Trust Co lifted its holdings in Cisco Systems by 5.4% during the 1st quarter. Avalon Trust Co now owns 3,433 shares of the network equipment provider's stock valued at $212,000 after buying an additional 177 shares in the last quarter. Rossmore Private Capital raised its stake in shares of Cisco Systems by 0.3% during the first quarter. Rossmore Private Capital now owns 69,220 shares of the network equipment provider's stock valued at $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 1st quarter. GSG Advisors LLC now owns 4,023 shares of the network equipment provider's stock worth $234,000 after buying an additional 183 shares during the period. Institutional investors own 73.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CSCO shares. William Blair upgraded Cisco Systems to a "hold" rating in a research note on Thursday, August 14th. Citigroup upped their target price on Cisco Systems from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Hsbc Global Res lowered shares of Cisco Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft upgraded Cisco Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $65.00 to $73.00 in a research note on Monday, June 16th. Finally, Wolfe Research initiated coverage on Cisco Systems in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $74.53.

Cisco Systems Price Performance

NASDAQ:CSCO traded up $0.99 during trading hours on Thursday, reaching $69.43. 15,253,425 shares of the company were exchanged, compared to its average volume of 22,847,584. The stock's 50-day moving average is $68.34 and its 200-day moving average is $63.67. Cisco Systems, Inc. has a twelve month low of $47.85 and a twelve month high of $72.55. The firm has a market cap of $274.94 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.90 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. Cisco Systems had a return on equity of 27.02% 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 business earned $0.87 EPS. Cisco Systems'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. On average, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.

Cisco Systems Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.4%. Cisco Systems's payout ratio is currently 62.60%.

Insiders Place Their Bets

In related news, insider Jeetendra I. Patel sold 9,061 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $66.60, for a total value of $603,462.60. Following the sale, the insider directly owned 237,405 shares in the company, valued at approximately $15,811,173. The trade was a 3.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 owned 639,000 shares in the company, valued at $42,576,570. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,095 shares of company stock worth $7,841,167. Corporate insiders own 0.01% of the company's stock.

Cisco Systems 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.